Fintech
Federal bank regulators are not coming to rescue the thousands of fintech customers who have lost access to their money during the unfolding bankruptcy of banking-as-a-service provider Synapse Financial Technologies or the millions more who are at risk. That was the grim news delivered in a five-hour hearing today before…
The number of new industry announcements of digital assets use cases, partnerships, network collaborations, and PoCs in capital markets over the past few months is impressive. From last autumn’s digital asset playbooks to a bristling pace of new launches including J.P. Morgan’s collaboration with Ownera, HQLAx and Wematch multi-leder intra-day…
I’m sorry to say that until last week I’d never heard of my new favourite British pop star FKA Twigs, but I was fascinated by her testimony to a US Senate Judiciary subcommittee that she has developed her own deepfake version of herself (trained in her personality and able to…
It’s hard to go through a day without hearing the mention of AI. Every day, companies are announcing new AI-driven products and increasing the use of cutting-edge algorithms and large language models (LLMs) to better manage risk, enhance customer experiences, and help build a more inclusive and sustainable financial future.…
The rise of generative AI has led to much hand-wringing and discussion about the potential for the technology to disrupt industries and eliminate broad swathes of human jobs. But the impact of the technology will vary from industry to industry, so it’s important to look beyond the high-level talk around…
One of the things I’ve not been shy about is that banks, in their effort to master digital, have created an efficient servicing experience that is functionally correct, but emotionally devoid. Think about it. Nearly all banks’ mobile apps have similar features and achieve similarly high customer satisfaction scores. But…
On May 8, 2024 Paytm’s share price hit a nadir of 317.45 Indian rupees (INR), equivalent to US$3.80. The Indian fintech giant’s stock has fallen about 54% in value over the past year and 79% since its November 2021 IPO. While India’s fintech market remains full of low-hanging fruit, and…
With $111 billion in assets and $6 billion in profits, shadowy stablecoin merchant Tether has emerged as crypto’s most profitable company. Now it’s restructuring, moving into bitcoin mining, AI and education. By Nina Bambysheva, Forbes Staff While much of the crypto world crashed and burned during the recent market downturn,…
Jacksonville, Florida’s FIS, a 56-year-old financial technology provider for banks, has launched a new platform called Atelio to help its regional bank clients offer modernized financial products like deposit accounts and online invoicing to other businesses. For regional banks trying to survive in the digital age, an increasingly popular strategy…
Global merchant payment processing and acquiring net revenue surpassed $91 billion in 2023, and is on pace to exceed $171 billion by 2030, according to S&P Global Market Intelligence’s 451 Research. This large and growing opportunity has resulted in a crowded market awash with similar vendor positioning statements. As a…
