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News

Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

Home
·Jun. 7, 2024

From CoDi to DiMo: Mexico’s second shot at growing digital payments

DiMo turns one year in Mexico. With this new digital payments initiative, the central bank wants to move on from CoDi´s unsuccessful experience.
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Fintech Nexus Newsletter
·Jun. 6, 2024

Fintech Nexus Newsletter (June 6, 2024): Robinhood acquires Bitstamp in a $200m deal

Robinhood is still bullish on crypto despite the SEC warning the company it plans to sue over this part of its business. We learned yesterday that Robinhood will acquire crypto exchange Bitstamp for $200 million, making this its largest acquisition to date.
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LatAm
·Jun. 6, 2024

Argentine Banks file complaint against Mercado Libre over its fintech business

Argentine banks sued Mercado Libre for alleged dominant position in the market, while the fintech responded by dennouncing "cartelization".
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Guest Post
·Jun. 5, 2024

Fintech with benefits: solving healthcare payments

Employer-sponsored healthcare spending is at $1.5 trillion but has not yet been impacted much by fintech. Now, is the time for that to change.
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Fintech Nexus Newsletter
·Jun. 5, 2024

Fintech Nexus Newsletter (June 5, 2024): Nium raises $50 million at a lower valuation

Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022.
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Sponsored
·Jun. 5, 2024

LoanPro/Visa DPS integration provides unique credit personalization opportunities

LoanPro’s credit platform integration with Visa DPS helps brands tackle shrinking interchange fees while providing unique personalization.
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Fintech Nexus Newsletter
·Jun. 4, 2024

Fintech Nexus Newsletter (June 4, 2024): LoanPro integrates with Visa DPS on credit card platform

UK digital banking pioneer Monzo reported its financial results for the 2023-24 fiscal year today. The numbers are impressive. Total revenue was £880 million for the year, more than 2x the £356 million from the previous year.
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Lending
·Jun. 4, 2024

Plaid launches a new product to take cash flow underwriting mainstream

Plaid has announced a new cash flow underwriting tool call Consumer Report that is the most comprehensive offering for lenders yet.
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Fintech Nexus Newsletter
·Jun. 3, 2024

Fintech Nexus Newsletter (June 3, 2024): Monzo revenue up 2x with first full year of profitability

UK digital banking pioneer Monzo reported its financial results for the 2023-24 fiscal year today. The numbers are impressive. Total revenue was £880 million for the year, more than 2x the £356 million from the previous year.
Read Full Story
Banking
·Jun. 3, 2024

Banks slowly preparing for AI, open banking: Sopra Digital Banking Experience Report

AI occupies executives’ thoughts in many ways, according to the results of Sopra’s third annual Digital Banking Experience Report.
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