Author: Fady Askharoun
Chilean finance platform Racional, which offers automated investment management, announced the raising of a $2 million investment by Genesis Ventures and Amarena funds. The company’s main objective is to use this investment to grow in…
Transfeera raised $ 1.3 million this month in a series A round. The fintech is a banking-as-a-service provider in Brazil focusing on business-to-business transactions. The company specializes in Pix and provides banking capacity to…
Yesterday, Feb. 1, 2023, U.S. Federal Reserve Chair Jerome Powell announced yet another rate hike, making it the eighth increase since March 2022. While the interest rate was only marginally raised, a quarter of a…
The following is a guest post by Carlos Antequera, CEO and Co-founder of Novel Capital. Balancing capital costs can be tricky for startups seeking new investments. Leveraging personal assets to secure a bank loan is…
Final exams are the least of students’ worries when they do not have a place to live. Dorm stays or bunking down with parents while in school are options for some, but they do not…
This month, Chilean lending startup Migrante announced the acquisition of Crediorbe, a motorcycle fintech in Colombia specializing in motorcycle loans. The deal will allow Migrante, which changed its name to Galgo (greyhound in Spanish), to…
America is home to over 72,560 startups, the highest number worldwide. Many of these have battled through the first few years, defying the statistic that nearly all of them will fail. Those who have just…
Latin American startups witnessed a 70% year-over-year decline in venture capital funding during the second quarter, signalling a challenging environment. However, there was no further decrease in investment flows compared to the first quarter of…
Exciting developments are happening worldwide as more investments are being made in female-led fintech startups in 2024, signaling progress in the industry. The expansion of female-led fintech startups in 2024 can be supported by: 1.…
Neu’s path to success will produce financially literate college graduates and a strong bottom line. The journey began in late 2023 with the release of the Neu Card, whose attributes include no late fees and…
Deep learning models for financial firms that can better predict customer behavior; Generative AI solutions that help to ensure the safety and privacy of customer data; and technology that can quickly identify online fakes generated…
The FIS Fintech Accelerator 2024 sees 10 startups meeting with business leaders, scaling their products and developing a market-centric value proposition. April 30 is the application deadline for the ninth-annual accelerator. Eighty alumni from the…
Earlier this week, with little fanfare, Colorado Governor Jared Polis signed a bill into law that could have a lasting impact on the availability of credit to Colorado residents. As a Colorado resident and a…
Digital identity verification tools must respond quickly and accurately, even as fraudsters change their methods. Sumsub is one company meeting the challenge. It offers an all-in-one verification platform that secures every step of the user’s…
Three years in the making, U.S. District Judge Analisa Torres reached a verdict today, Thursday, July 13, on the SEC case against Ripple. The SEC originally filed the claim in 2020, stating that Ripple had…
Over half of Americans are living paycheck to paycheck, according to CNBC, and the heightened costs of living is making the situation worse. Seven out of ten people reported stress from their financial situation, and…
The Novel Activities Supervision Program: The spark or the death knell for innovation? | amznusa.com
The banking crisis brought with it a spotlight on banks’ involvement with emerging technologies like crypto. Silvergate and Signature Bank, two of the banks that failed during the fateful period, had heavy ties to the…
On August 17, 2023, the Federal Reserve Board and Washington State Department of Financial Institutions (WSDFI) announced an enforcement action against Farmington State Bank and its holding company, FBH Corporation. The Fed and WSDFI found…
American Fintech Council Partners With Fintech Nexus on Their 7th Annual Policy Summit | amznusa.com
Regulatory engagement is essential for fintech companies and innovative banks as the industry continues to struggle with regulatory uncertainty both in Washington, D.C. and states across the country. It is critically important, now more than…
Proposed regulations recently released by the Treasury Department help bring added clarity to participants in the digital asset economy. But the process is far from over. Investors, centralized crypto exchanges, payment processors, some hosted wallet…
Out of the “wild west” of the crypto industry, stablecoins have arisen as a first point of call for widespread regulation. Earmarked for their near-stable value while still incorporating the programmability and cross-border capabilities of…
Policy leaders in the fintech space gathered in Washington DC yesterday for the seventh annual American Fintech Council Policy Summit. It was a full day of learning and networking that provided a real sense of…
Financial institutions are zeroing in on compliance when evaluating fintech partners. Nearly three-quarters (72%) of banks and credit unions cite compliance as their top criteria in the due diligence process, according to a recent survey…
The surprising victory of libertarian Javier Milei in Argentina’s presidential elections has injected fresh optimism into the fintech sector. Industry leaders are hopeful for a tailwind as they anticipate a more favorable regulatory environment and…
We published more stories in 2023 than any year in our history as we ramped up our journalistic capabilities. It is a good thing because it was a big year for fintech news. Who could…
In today’s financial landscape, big banks and traditional players prioritize making money off of cash-strapped communities. They don’t put nearly as much value and resources towards empowering them and ensuring their products are inclusive, accessible,…
In January, President Javier Milei’s State Secretary took to the social media platform X to celebrate a new milestone for the country. The nation had just witnessed its first-ever crypto rental contract, with a landlord…
As messaging apps become more popular, businesses and registered investment advisors will want to reach their customers there. But it raises compliance issues that SnippetSentry addresses. The mobile communications compliance solutions provider recently launched a…
Long-time readers will know I love earned wage access (EWA). I think it is one of the most effective fintech innovations in moving the needle on financial health. Payday lending became widespread primarily because employers…
As scrutiny of Buy Now Pay Later increases, so too do satisfaction scores among customers using the short-term financing mechanism structured like an installment loan. While the United States federal government’s Consumer Finance Protection Bureau…
I have been following Funding Circle U.S. since they began life as Endurance Lending all the way back in 2012. You can read my 2013 piece here about the acquisition of Endurance, which kicked off…
Looking back over my decade-plus covering fintech, I see parallels between earned wage access (EWA) today and the past paths of equity crowdfunding, peer-to-peer lending and BNPL. Others in the industry do, too. In broad…
In the dynamic landscape of consumer subscription businesses, insights are the key to flexibility and growth. As CTO of a leading subscription management platform, I have a unique vantage point into subscription industry payment transaction…
Embedded finance and buy now, pay later (BNPL) are hotbeds of innovation, and Marqeta is in the middle of the action, CEO Simon Khalaf said. After starting as a modern card issuer, Marqeta has branched…
In the digital commerce era, payment analytics orchestrates essential metrics, shaping a narrative of business prosperity. Amid diverse payment methods, AI and machine learning enhance transaction navigation, uncovering opportunities and crafting seamless customer experiences. Recent…
Mexican firm Kueski has joined forces with retail behemoth Amazon in a strategic move that will see the fintech offering its Buy Now, Pay Later services on Amazon’s marketplace in the country. This collaboration can…
