Higher capital requirements may have a negative ripple effect on banks — tightening the lending spigots even further. And the winners may be the FinTechs that gain more lending business from consumers and enterprises as they pivot to a relatively newer corner of financial services...
India and Indonesia are reportedly planning to link their fast payment systems. The collaboration, as reported Monday (July 17) by Bloomberg News, is designed to spur cross-border fund transfers and would allow transactions to be settled in local currencies. The report, citing a senior Indian official, says...
Jane Birkin, the British-born actress and singer, and the inspiration behind the iconic Hermès handbag that bears her name, died on Sunday (July 16) at age 76. While she undoubtedly played a significant role in fueling Hermès’ success and shaping its brand image, her influence...
National Australia Bank is blocking some cryptocurrency payments amid a nationwide wave of crypto scams. The bank (NAB) on Monday (July 17) announced it was introducing new customer protections by prohibiting some payments made to “high-risk” exchanges. According to a bank news release, nearly half of all scams...
Regional banks are set to report earnings this week, and the news may not be good. As Bloomberg News noted in a report Monday, some of these smaller lenders have already warned that revenues could be down, but recent earnings reports from larger banks have spotlighted the pressures facing...
German FinTech Raisin is reportedly banking on a shift among lenders to alternative funding sources. The savings and investment platform anticipates that deposits for which it acts as a go-between will top $56 billion (50 billion euros) this year, up from $48 billion (or 43...
When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies there have been no hiccups with the interplay between businesses and financial institutions (FIs). No surprises on the way to...
Twitter’s owner says the platform has yet to see a positive cash flow. In a Twitter conversation Saturday (July 15), Elon Musk said the company has seen an almost 50% drop in ad revenue that — coupled with its debt load — has left it...
Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. As The Wall Street Journal (WSJ) reported Sunday (July 16), these cuts illustrate the way tech investors are scaling back their goals even as tech stocks rebound in part because of...
