October 10, 2023
How Existing Payments Infrastructure Drives Innovation at Scale
The way money moves is evolving at a rapid and exciting clip. Fueling its rocket-ship acceleration are the twin engines of behavioral expectations grounded in digital convenience, and an increasing...
October 09, 2023
Venture Capital Firm Kaszek Raises $1 Billion for Latin American...
Latin America’s largest venture capital (VC) outfit has reportedly raised $1 billion this year. The Brazilian firm Kaszek is waiting for new deal opportunities to present themselves, and for more mature companies...
October 09, 2023
Federal Reserve Targets Supervision of “Novel” Activities
By: Eric S. Kracov (Kilpatrick Townsend) The Federal Reserve Board (the “FRB”) has signaled a new approach to the oversight of “novel” activities by banks subject to FRB supervision. In a...
October 09, 2023
Fast Finance and the Fight Against Fraud
The digital underworld seemingly operates with one guiding principle: Move fast and break stuff — specifically stuff that offers a payday. One consequence is that financial institutions (FIs) and banks...
October 08, 2023
Metro Bank Secures $1.1 Billion From Investors
England’s Metro Bank has reportedly secured $1.1 billion from investors following a rocky week. As Bloomberg News reported Sunday (Oct. 8), the funding package is comprised of a £325 million capital raise, comprising...
October 08, 2023
Crypto Funding and Deals Hit Three-Year Low
Last year’s “crypto winter” apparently extended into the summer of 2023. That’s according to a recent report by blockchain intelligence firm Messari on the state of fundraising in the cryptocurrency...
October 06, 2023
Vlorish Launches All-in-One Finance Platform for Freelancers
FinTech startup Vlorish launched its freelancer finance platform, aiming to simplify bookkeeping, budgeting and credit scoring models for the freelance market. The all-in-one web platform provides freelancers, solopreneurs, independent contractors...
October 06, 2023
Can Blockchain Deliver Speed, Security and Inclusion to Global Payments?
Innovative technology is on the cusp of transforming existing global payments infrastructure. But unlocking the full potential and capturing the true impact of next-generation value transfer solutions like blockchain-based payment...
October 06, 2023
FinTech IPO Index Slides 3% as Affirm and Blend Lead...
The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining names, sliding 16% through the...
One-Third of Credit Union Members Would Leave for Better Credit Products
Consumers are on the hunt for better access to credit and financing, and they’re not afraid to shop around to find the FI providing the lowest rates and most convenient offerings. PYMNTS’ latest study of more than 4,000 consumers and 154 FinTech and CU execs reveals what CUs can do to win — and keep — consumers’ business. Read more in Credit Union Innovation: How Credit Products’ Rates and Terms Impact FI Selection,” a collaboration with PSCU.