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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.

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.
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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.
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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.
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Fintech Nexus Newsletter: The Saga of the OCC and its First Chief Fintech Officer
Fintech Nexus Newsletter
·Nov. 22, 2023

Fintech Nexus Newsletter (November 22, 2023): CZ Out as Binance Chief, Pleads Guilty

The OpenAI story was eclipsed yesterday by monumental news in the world of crypto. The world's largest crypto exchange, Binance, has agreed to pay $4.3 billion in fines to the U.S. government for violating anti-money-laundering requirements. 
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Fintech Nexus Newsletter: The Saga of the OCC and its First Chief Fintech Officer
Fintech Nexus Newsletter
·Nov. 27, 2023

Fintech Nexus Newsletter (November 27, 2023): The Saga of the OCC and its First Chief Fintech Officer

Bhardwaj had reportedly held senior technology positions at various large banks including Citi, Fifth Third and Huntington. The trouble is those banks had no records of Bhardwaj ever being an employee let alone a senior technology executive.
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Fintech Nexus Newsletter: TransUnion Report Shows Growing Personal Loan Market
Fintech Nexus Newsletter
·Nov. 28, 2023

Fintech Nexus Newsletter (November 28, 2023): TransUnion Report Shows Growing Personal Loan Market

Every quarter TransUnion releases its Credit Industry Insights Report. Their latest issue, released earlier this month, has some very interesting data.
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Apple to end partnership with Goldman Sachs - Fintech Nexus Newsletter
Fintech Nexus Newsletter
·Nov. 29, 2023

Fintech Nexus Newsletter (November 29, 2023): Apple to end partnership with Goldman Sachs

The Wall Street Journal is reporting that Apple has indeed decided to move on from Goldman in roughly 12 to 15 months. This will mean both the Apple Card and the savings account (that was rolled out just a few months ago) will need a new banking partn
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SBF
Fintech Nexus Newsletter
·Nov. 3, 2023

Fintech Nexus Newsletter (November 3, 2023): Breathe a Sigh of Relief, SBF has been Found Guilty

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.
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Swift - Fintech Nexus Newsletter
Fintech Nexus Newsletter
·Nov. 30, 2023

Fintech Nexus Newsletter (November 30, 2023): Swift bringing instant payments across Europe

Swift announced today that the European Payment Council's awkwardly named One-Leg-Out Instant Credit Transfer scheme (OCT Inst) went live this week and it enables payments to and from Europe to be processed 24 hours a day, seven days a week.
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budgeting
Fintech Nexus Newsletter
·Nov. 6, 2023

Fintech Nexus Newsletter (November 6, 2023): Bye-Bye Plain Budgeting, PFM is Over-Performing

As we hear tell of Mint's demise it becomes clear that the market for personal finance management is evolving beyond just budgeting.
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