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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.

Fintech Nexus Newsletter

·Jan. 8, 2024

Fintech Nexus Newsletter (January 8, 2024): An update for fintech companies: Silicon Valley Bank in 2024

After they famously imploded in March 2023, you could be forgiven for thinking that Silicon Valley Bank's fintech business was done. Not so. This time last year SVB was still the go-to bank for fintech companies, with the vast majority of venture-backed firms as clients. That changed in March.

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LatAm

·Jan. 8, 2024

Fintechs transform banking landscape in Argentina, reaching full population coverage

As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.

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Banking

·Jan. 5, 2024

2024 Update on Silicon Valley Bank: Fintech Focus Persists While Competition Heats Up

Silicon Valley Bank is still open for business for fintech companies. In many ways, even though it is now part of First Citizens Bank, it is very similar to what it was before, at least from a fintech perspective.

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Fintech Nexus Newsletter

·Jan. 5, 2024

Fintech Nexus Newsletter (January 5, 2024): Trade associations have suggestions for the CFPB open banking rule

When the CFPB released their long-awaited proposal on open banking rules in October there was cautious optimism from both banking and fintech groups. Fast forward two and a half months, when everyone has had a chance to fully digest the 299-page proposed rulemaking, there are many suggestions for improvement. With the 60-day comment period ending this week, the CFPB has received over 11,000 comments.

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Startups

·Jan. 4, 2024

Neu helps students build credit and avoid the debt trap

Neu’s path to success will produce financially literate college graduates and a strong bottom line. The journey began in late 2023 with the release of the Neu Card, whose attributes include no late fees and interest charges, a maximum $1,000 spending limit, no Social Security number required, and no credit history or cosigner required.

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Fintech Nexus Newsletter

·Jan. 4, 2024

Fintech Nexus Newsletter (January 4, 2024): Spot Bitcoin ETF: Will it or won’t it be approved?

Fraud is going to be top of mind for all financial institutions in 2024. Banks and fintechs alike are constant targets of fraud attacks. It was interesting to read this morning about the experience of Regions Bank when it comes to check fraud.

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News

·Jan. 4, 2024

Generative AI can be a goldmine for lenders in 2024

Generative AI is coming to lending and it is going to happen this year. Lenders who are early movers will have an advantage here. This new white paper from Prodigal shows how.

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LatAm

·Jan. 3, 2024

LatAm fintechs expect more benign conditions in 2024

Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.

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Fintech Nexus Newsletter

·Jan. 3, 2024

Fintech Nexus Newsletter (January 3, 2024): Regions Bank experienced a surge in fraud costs in 2023

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News

·Jan. 3, 2024

Whitepaper Discusses the Threat Posed by Serial Fraud

Serial fraud is becoming a major problem for financial institutions today as criminals use automation and scale like never before. This white paper provides actionable steps to combat serial fraud.

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