Leveraging technology has helped the banking sector significantly, lowering the risk of physical robberies as money increasingly moves digitally as...
Dorsey was recently interviewed at the Computer History Museum in Mountain View; Dorsey is bullish on the future of blockchain describing it as the "next big unlock"; believes that people need to be thoughtful in the applications of blockchain, focusing on what are the best applications of the technology; also discusses bitcoin and how it is beginning to reach more people. Source
Writing an opinion piece in American Banker Jonah Crane, a fintech advisor, points out that the CFPB and other regulators need to keep a watchful eye on the data sharing guidance; the rules are currently non binding but offer the regulators a chance to use current oversight power to enforce egregious violations; ensuring a level playing field and working with industry players can help not only consumers but regulators better understand how data sharing can be done is the most beneficial way. Source.
PayPal’s shares have climbed close to 75 percent in 2017 and now is considered more valuable than American Express; their market cap has doubled since spinning off from eBay in 2015; while it now finds itself on the heels of Morgan Stanley and Goldman Sachs there is still some who fear they might be valued a bit too high; acquisitions, product diversification and partnership agreements have helped push the company in the last year. Source.
Banks have been able to acquire deposits at a record rate in the first half of 2020 and now they...
Kabbage launched a new website called www.helpsmallbusiness.com; the website allows consumers to purchase online gift cards from small businesses; revenue...
The CEO and Co-founder of Varo discusses what is wrong with traditional banks and how his startup digital bank is different. Source
With tech companies being seen as the better destination for the millennial workforce banks are starting to look at new ways to attract younger talent; helping employees pay down student debt has become one way for banks, who might not offer the same salary range, to stay competitive; as banks look to become more digitally savvy enlisting programs like this can help to go a long way in attracting the new generation of talent. Source.
U.S. consumers lag behind the rest of the world when it comes to fintech adoption; the U.S. comes in at...
Now more than ever it is important to bring the fintech community together. To help you navigate these unpredictable times...