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Fintech Nexus Newsletter

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

Open Banking

·Apr. 3, 2024

The Tide is Turning for Pay by Bank in the US

The open banking industry in the US had a slow start to life, but is shaping up for an exciting 2024. With the first glimpses of regulator support and increasing demand from merchants, Pay by Bank is set to become a serious alternative to mainstream payment methods in the minds of US consumers.

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Fintech Nexus Newsletter

·Apr. 2, 2024

Fintech Nexus Newsletter (April 2, 2024): Private equity firm to acquire Canada’s Nuvei for $6.3 billion

This deal was first rumored to be happening in mid-March. Yesterday, it became official. Private equity firm Advent International has agreed to acquire Nuvei in an all-cash deal valued at $6.3 billion.

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Banking

·Apr. 2, 2024

Fighting cash: Nubank seeks partners in Mexico

Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.

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Fintech

·Apr. 1, 2024

Fintech Nexus Newsletter (April 1, 2024): Sutton Bank and Piermont Bank the latest BaaS banks to be hit with consent orders

Banking as a Service (BaaS) continues to be in the crosshairs of the federal government. The latest banks to be hit with consent orders from the FDIC are Sutton Bank and Piermont Bank.

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Fintech

·Apr. 1, 2024

Criminal Masterminds Take a Day Off: No Fintech Fraud Today

In celebration of April Fools Day we bring you an incredible story from the world of fintech fraud.

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LatAm

·Mar. 29, 2024

Colombian fintechs lead the way in VC investments

Colombian fintechs have been very active in the VC space in 2024, with a number of startups raising over $150 million in funding so far.

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Fintech Nexus Newsletter

·Mar. 28, 2024

Fintech Nexus Newsletter (March 28, 2024): BlackRock’s tokenized treasuries fund brings in $245 million in first week

When we covered the BlackRock announcement last week of their new tokenized treasuries fund I thought it was a big deal. One week in, this new investment vehicle (ticker symbol BUIDL) is proving to be quite popular. On-chain data shows that $245 million worth of BUIDL shares are now held in seven different wallets. That is the beauty of blockchain data, everything is transparent.

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venture capital

·Mar. 28, 2024

Unicorn recipe unveiled in Team8 report

A new report from company builder and venture group Team8 shows it’s a good time for fintechs to pursue unicorn status, provided they do the groundwork.

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Fintech Nexus Newsletter

·Mar. 27, 2024

Fintech Nexus Newsletter (March 27, 2024): Robinhood launches a fancy new gold credit card

In June of last year, Robinhood announced it was acquiring the credit card startup X1. Today, we learned about the fruits of that transaction: a new Gold Card from Robinhood.

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