LendingClub reported Q1 2024 earnings and the company exceeded analyst expectations for both revenue and profit.
Goldman's push into consumer finance continues to be a disaster. While CEO David Solomon had grand plans, the entire move has proven to be an unmitigated disaster.
As scrutiny of Buy Now Pay Later increases, so too do satisfaction scores among customers using the short-term financing mechanism structured like an installment loan.
SoFi is the first publicly traded fintech to report earnings and it was a strong report with revenue, profit and member growth.
Caitlin Long, the CEO and founder of Custodia Bank, has been fighting for access to the Fed payments system for many years. Custodia first applied for a Fed master account in October 2020.
After her application was endlessly delayed, she sued the Fed to review her application. They eventually did and ruled against her. So, she sued the Federal Reserve again.
A report reveals that 9 in every 10 SMBs in the region are currently underserved. This presents an opportunity for Latin American fintechs.
Fintech Nexus Newsletter (April 26, 2024): SVB Financial Group’s $2 billion lawsuit against the FDIC
We haven't written about Silicon Valley Bank in almost a year, but the saga of the third-largest bank collapse continues.
SVB's parent company, SVB Financial Group, had $2 billion on deposit at its bank subsidiary. When the FDIC made it clear that all depositors would be made whole, one would assume that included the $2 billion of the parent company's money.
It is time for digital wallets to come into their own. They can and should be more than a payment method, they could become the financial
Until now, if you wanted to use the myriad of Stripe's product offerings, you had to process payments through Stripe. But that is no longer the case. At the company's annual conference in San Francisco yesterday, Stripe Chief Product Officer Will Gaybrick announced that the company is "extending our modularity to the very core of Stripe: payments processing."
More than two dozens neobanks are vying for digital customers in Mexico, Latin America's second-largest economy.