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News

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
·Nov. 21, 2023

Fintech Nexus Newsletter (November 21, 2023): SEC Goes After Kraken Crypto Exchange

Yesterday, the SEC announced that it is suing Kraken for operating as an unregistered securities exchange. This follows similar actions in June against the two largest crypto exchanges, Coinbase and Binance.
Read Full Story
AI
·Nov. 21, 2023

Looking beyond the AI hype: Delivering real value for financial institutions

If a financial institution looks beyond the hype of AI and tempers its expectations, it can use AI to deliver measurable business results. That’s been the experience of Amount’s director of decision science Garrett Laird.
Read Full Story
digital lending
·Nov. 20, 2023

Building customer loyalty in a high-interest environment

Rising interest rates drive retailers to seek new options that will encourage safe consumer spending. That is good news for companies like Accrue Savings, which offers an FDIC-insured wallet that helps customers build a balance with their favorite retailers.
Read Full Story
LatAm
·Nov. 17, 2023

In Mexico, fintechs eagerly await the delayed Open Finance regulation

The fintech industry urges the government to expedite the procedure, contending that the current legal framework is impeding growth.
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artificial intelligence
·Nov. 16, 2023

Generative AI Adoption at Banks:  Opportunities for Fintechs?

Findings from a new Google Cloud survey on sentiment around generative AI among banking executives.
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Finance
·Nov. 16, 2023

TransUnion report questions FHFA bi-merge shift strategy

Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little benefit.
Read Full Story
Phil Goldfeder, CEO of the American Fintech Council
Regulation
·Nov. 15, 2023

Lessons Learned at the American Fintech Council’s 2023 Policy Summit in DC

The American Fintech Council Policy Summit in Washington DC brought together fintech, banking and government leaders for a full day of learning and networking.
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A memorial near the Dizengoff Square Fountain in Tel Aviv.Ariel Blum
Fintech Nexus Newsletter
·Nov. 15, 2023

Fintech Nexus Newsletter (November 15, 2023): Tel Aviv Fintech Adapts to the Ongoing Challenges of Wartime

The Israel-Palestine conflict rages on, and for many fintech workers in Tel Aviv, life has had to continue through the chaos.
Read Full Story
LatAm
·Nov. 15, 2023

Nubank hits 90M customers, posts profit surge in Q3

Brazilian neobank Nubank reached 90 million customers in Latin America and reported a surge in profits in Q3.
Read Full Story
ram
Fintech Nexus Newsletter
·Nov. 15, 2023

Fintech Nexus Newsletter (November 14, 2023): Fnality’s Payment System: The first “Private Sector CBDC?”

For some time Fnality has focused on the development of a wholesale payments system built on blockchain. Today, they closed a funding round to help launch.
Read Full Story
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