This year has seen new lows for VC funding, while some success stories have emerged, the path may continue into 2024.
The top five stories in fintech this week are about Sam Bankman-Fried, Plaid and Adyen, AI regulation, Mint from Intuit and Funding Circle.
It’s almost a year since those fateful few days that toppled the crypto king from his throne, and at last, Sam Bankman Fried’s trial is over.
Card payment fees have been a long-standing issue for businesses. Pay by bank could be a solution. Plaid joins Adyen to make it possible.
Mercado Libre booked $359 million in profits from $129 million a year ago, driven by strong e-commerce in Mexico and growing fintech products.
The financial sector is set to see a shift in the light of proposed data rate rules. The impact on embedded finance may be unexpected.
Funding Circle has been approved by the SBA for one of three new licenses for its hallmark 7(a) small business lending program, the only fintech to be approved.
With the heightened cost of living battering UK PSPs, many consider Open banking to be the silver bullet, but with adoption at only 10% of the population, innovation is needed.
Embedded lending technology now allows any brand to offer high margin lending products quickly and easily.
The US is ranked highly for financial inclusion, but it faces dropping further amidst waning Government and Employer support.