One of the primary reasons to not switch your bank is all the hassle that goers with changing direct deposit...
Several CEOs have expressed their desire to help get government stimulus money into the hands of consumers and small businesses;...
Former Securities Exchange Commission Chairman Arthur Levitt, Sarah Friar, chief financial officer at Square, and Scott Sanborn, CEO of Lending Club recently spoke on a panel about regulation for fintech companies and recent improprieties; Sanborn noted that sound corporate governance is not unique to fintech, referencing the Wells Fargo story; panelists discussed that regulation is always behind innovation and how regulators and fintech companies may strike a balance. Source
Fintech companies have found it increasingly hard to work with tier one banks; while most talk openly in private some companies have begun talking publicly about the frustrations; issues the commonly deal with include sense of entitlement, questions about intellectual property, failure to pay and long lead times. Source.
Ron Shevlin, writing for Forbes has compiled a list of fintech companies which are extending free, discounted or accelerated deployment...
The company says it is recommitting to being a technology company and refocusing on product development; the recommitment will cause less of a focus on customer growth which it has been emphasizing following its new relationship with partner bank Compass; it plans to return to its original mission of being a technology company focused on product development for its customers; the company already offers a number of innovative tech solutions including a checking account product that allows customers to itemize savings for specific goals; the new focus has resulted in the termination of five executives and a 10% reduction in staff. Source
U.S. small businesses make up 47.3 percent of the private workforce according to the Small Business Administration; on average those...
Forbes features entrepreneurs on this year’s 30 Under 30 Asia who are looking to provide better access to financial services;...
AltFi asked four fintech executives about launching a company during a recession and three said entrepreneurs should move forward; the...
Fintech funding reached $11bn in 2018, a 38 percent jump year over year; banking startups focused on customer data, trade digital...