One curious solution to the problem that wouldn't involve Congress: have the Treasury mint a trillion-dollar platinum coin and hand it to the government.
People with higher credit scores are more likely to have grown up in an environment where they learned how to use credit to their advantage.
Worsening conditions for the public's financial health have caused the FCA to launch a consultation. The fintech sector is already way ahead.
Steven, the Swedish expense sharing app, has recently released a card to support the platform as they evolve further, addressing the need to split household bills.
When it comes to the adoption of generative AI in finance, we are still at the top of the first inning.
That is why it was really interesting to read Penny Crosman's article yesterday about what is top is mind for bankers when it comes to Gen AI.
Making fintech news this week was the former CEO of SVB, the CEO of OpenAI, The Canton Network, Nubank, Truist and more.
In a region with high market volatility, some Latin Americans turn to developed economies to invest a part of their savings.
In this week's LendIt TV session we learned about the state of central bank digital currencies (CBDCs) with experts from the USA, Europe, and China.
Since before bitcoin blew up in 2018, leading financial minds the world over have been researching the implications of institutionally created currencies for use as digital cash, to settle interbank deposits, and for monetary policy development.
The good news this week is that we had no more bank failures in this country. While a buyer was found for Signature Bank (most of it anyway) the fate of First Republic still hangs in the balance.
While many "green" fintech startups like Aspiration or Sugi appear on the market, their infrastructure can stay environmentally harmful.