The largest retailer in the U.S. has partnered with fintech Affirm to offer customers point of sale loans at 4,000...
Despite the declines seen in the sector in 2018, many analysts see 2019 as the year blockchain innovation will begin...
Yesterday, Bloomberg broke the story that two senior Goldman Sachs executives were leaving to work on the new Walmart fintech...
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
Walmart has expanded their money transfer service to over 200 countries and all their U.S. locations; the expansion is through a partnership with Moneygram; Walmart’s move comes after recent news of Amazon expanding their financial services options for customers; “Money transfer services are like bread at the restaurant for Walmart; it’s negligible revenue for them,” said Daniel Ives, chief strategy officer at GBH Insights tells TearSheet. “The broader strategy is to build up that product arsenal on the consumer side — every Walmart customer globally is an Amazon customer that could be taken away.” Source.
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·Mike Cagney is the Co-Founder and CEO of Figure, a full stack financial services blockchain company with consumer offerings in market or on the way in lending, banking and more. In late-2019, Figure raised $103 million at a $1.2 billion valuation and continues to grow.
Prior to starting Figure, Mike co-founded and ran SoFi, one of the most successful consumer fintech companies ever.
In this conversation, we discuss Figure’s routes to asset origination and capital markets disruption, Figure’s previously unannounced consumer banking and payments offering, lessons learned building and scaling multiple billion dollar companies and more.
Like many areas of fintech, earned wage access (sometimes called earned income access or payroll advances) wasn’t really a thing...
Green Dot’s Founders & CEO Steve Streit left the company in December 2019 as they were transitioning from prepaid card...
Walmart partnered with Even and PayActiv to provide a set of products for their more than 1.4 million employees; employees will be able to access earned weaves ahead of schedule using an Instapay feature; “We’re investing to give our people financial tools that help provide more stability in their lives, which we believe will empower them to be all they can be when they are at work serving our customers,” explained Jacqui Canney, Walmart’s Chief People Officer; Walmart is covering the cost of Even’s tool and it will allow for employees to access Instapay eight times a year for free. Source.
Walmart and Green Dot first partnered in 2006 with the Walmart Moneycard, this January they extended that partnership another seven...