Fintech
Submissions for our annual list will be accepted through November 15. FFor the past nine years, we’ve published our annual Fintech 50 list, covering the top private companies that are transforming finance through technology. (Here’s last year’s Fintech 50.) From digital banks and payments startups to fraud prevention firms and…
Ayala Corp., the holding company of billionaire Jaime Zobel de Ayala and his family, will be paid 18.4 billion pesos ($318 million) for half of a company that holds a minority stake in the Philippines’ most popular mobile e-wallet, GCash. Mitsubishi Corp., Japan’s largest trading company, agreed to pay the…
Over the past few years, fintechs and the banks they partner with have increasingly run afoul of compliance regulations, and Sima Gandhi has seen the issues play out first-hand. In late 2021, she launched Creative Juice, a San Francisco fintech startup that provided creators like YouTube Influencers with digital banking…
After being valued at $13.4 billion in 2021, fintech’s data plumber saw growth slow dramatically. Now CEO Zach Perret is moving aggressively into three new lines of business. By Jeff Kauflin, Forbes Staff Zach Perret, cofounder and CEO of 12-year-old Plaid, took the stage at the company’s annual customers conference…
This week the Federal Reserve announced a 50bps interest rate cut taking the Fed Funds Target rate to 4.75 – 5 percent, the first cut in over four years, and signaling that the easing cycle has commenced. The announcement was one of the most anticipated and talked about in recent…
I am just returning home from the inaugural 24Fintech Conference in Saudi Arabia, and am reflecting on the rapid rise of fintech in the region. The Kingdom is positioning itself as a center for growth in the fintech sector – and there are a few reasons I’m excited. 1. Government…
Fintech companies around the world are establishing new advertising ventures this year. Paypal launched PayPal Everywhere earlier in September, a product where users can collect rewards and use PayPal both in stores and online. Rewards and cashback are enticing to consumers, but the ability to individually target potential customers with…
The generative AI revolution kicked off by the launch of ChatGPT-3.5 in November 2022 has unleashed a frenzy of activity as corporations look to take advantage of the new technology. But building and maintaining a high-quality gen AI assistant presents a very different challenge than the standard corporate tech build.…
I always look forward to the Federal Reserve Bank of Atlanta’s Survey of Consumer Payment Choice for a snapshot of the real world of American retail payments. I’ve just been reading the latest (June 2024) survey and was struck by the fact that three-quarters of US consumer have gone mobile…
Let’s Get Set, a fintech company founded by Clare Herceg, is tackling the financial challenges low—and moderate-wage households face. Because of their unique needs, traditional financial institutions often overlook this demographic. Based on extensive user research, the company’s innovative savings account allows borrowers to access emergency funds without falling into…