The Financial Health Network released a study on overdraft fees highlighting that it is still a problem for the financially vulnerable.
In a world where user experience is do or die, fintechs lose wallet share and loyalty due to mistakes around frontend design and development.
Watch the replay of our weekly news roundup show with hosts Peter Renton and Todd Anderson, with special guest fintech entrepreneur Ron Shevlin, Chief Research Officer at Cornerstone Advisors.
Major players in traditional finance are taking the crypto exchange bull by the horns to create their versions in a quest for market share.
Latin American fintech Kiwi raised $80 million in funding to boost lending to underbanked Latino migrants in the United States.
Lenders have long identified the need to develop better scoring models that include those with thin or no credit files, but the problem persists, Credolab’s CSO Michele Tucci said. Credolab tackles the problem using privacy-consented and permissioned data through smartphones and web pages.
Although some of the prototype design challenges could limit usage, exploration of the CBDC shows positive steps.
For the second time this week, we can take time to celebrate some good news in the lending space, as Monzo reported monthly profitability for the first time.
Nubank is developing a risk appetite for unsecured loans, while it expects to roll out payroll lending in the following quarters.
Tokenization has been set for some time to cause disruption but open finance incorporation may be key to realize its growth.