Nubank booked $380 million in net income during the Q1 as it benefits from increased cross-selling and a growing customer base.
On Friday, the CFPB announced it was suing mobile peer-to-peer lending platform SoLo Funds for multiple issues.
SoLo Funds targets minority and other underserved borrowers with short-term loans of up to $575. This is a challenging population to serve and a difficult niche to profit from.
Embedded consumer lending offers many benefits over BNPL. Working with a BaaS provider like Finastra allows banks to control their roadmap.
Yesterday, in a 7-2 vote, the U.S. Supreme Court ruled that the funding structure of the Consumer Financial Protection Bureau is constitutional.
This is a big deal for financial institutions. Even though the agency has been a thorn in the side of many fintechs and banks, if the Supreme Court found it unconstitutional, it would undo more than a decade of work and could mean chaos for the industry.
While both Generation Z and millennials are maturing during difficult financial times, TransUnion’s study Solving for Z shows Generation Z has it harder.
StashWorks is the new B2B offering from Stash, allowing any employer to add savings and investing as a benefit to employees.
Visa is hosting its annual Visa Payments Forum in San Francisco this week, and yesterday, there were some major announcements. Some are calling this the biggest thing in card payments since the card chip.
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Los canales digitales representan el 51 % de las pérdidas por fraude, según un estudio de Forrester Research a pedido de LexisNexis.
In an era where regulatory scrutiny over the banking sector intensifies by the day, digitalization emerges not just as a solution but as a tool for transformation.
Chime is getting into the earned wage access business.
The leading digital bank announced yesterday that it is launching MyPay, a new earned wage access service that will allow customers to access up to $500 of their paycheck before payday.