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.
Twitter/X has been going state-by-state obtaining money transmitter licenses. The social media platform is now approved in 12 states.
Goldman's push into consumer finance continues to be a disaster. While CEO David Solomon had grand plans, the entire move has proven to be an unmitigated disaster.
Yesterday, there was a lot of talk about the Department of Justice’s anti-trust lawsuit against Apple.
Simon Taylor called it the “biggest thing in fintech since Visa/Plaid.” American Banker gave us a history of the battles between banks and Apple over the years. And TechCrunch had no less than six articles covering this development.
The biggest name in Silicon Valley venture capital over the last half-century is Sequoia. And the biggest name in European fintech is Klarna.
Those of you following along closely will know that Fintech Nexus sold its event business to Fintech Meetup in June of last year. We have been focused on digital media since then.
During the height of the 2021-22 fintech VC boom, no sector was hotter than spend management.
Companies like Brex, Ramp and Navan all raised massive rounds at multi-billion dollar valuations. While the category has cooled off, like most areas of fintech, it is still attracting capital from some big names in venture capital.
We learned yesterday that federal prosecutors are investigating Block for widespread compliance lapses.
NBC News broke this story after interviewing a former Block employee. This person provided roughly 100 pages of documents that showed transactions involving entities in countries subject to U.S. sanctions.
The largest small business lender that you may not even know exists is Amazon Lending. The tech behemoth loans out billions of dollars every year to small businesses on its marketplace.
Today, we learned about a new fintech partnership Amazon is entering into with SellersFi (formerly Sellers Funding). SellersFi is a seven-year-old small business lending fintech focused on e-commerce platforms. They provide e-commerce merchants with working capital, payments solutions and more.
It has been a busy last few days for the CFPB and their fintech work. For the third consecutive day this week our lead story concerns actions taken by the CFPB.
This time it is around BNPL. The CFPB is proposing new rules that would essentially lump BNPL in with credit cards when it comes to consumer protections.