The FCA warned BNPL firms over “misleading adverts” and threatened breachers with criminal action.
On today's episode, we discuss what recent funding and valuation drops mean for fintechs, which categories are getting hit the hardest, and what fintechs should do now. "In Other News," we talk about the significance of the recent Coinbase-BlackRock partnership and how the Consumer Financial Protection Bureau plans to level the playing field between banks and nonbanks. Tune in to the discussion with our analysts Eleni Digalaki and Tiffani Montez.
Valuations fell, losses piled up, and bankruptcy filings proliferated. Proposed SPAC regulations also dimmed the deals.
But this customization means drawings and emojis, not financial guidance.
The case raises the question of how firms could ignore the pervasiveness of diversity and inclusion. And it also exacerbates bankings’ communication tool problem.
Hot inflation and a tougher climate for startups is giving BNPL firms a new opportunity with new risks.
Six years after Goldman launched its digital bank Marcus, we review how it’s faring and what its future could look like.
Columbia Bank is one of the first to make changes. But the rationale likely hinges on customer experience, not regulatory pressures.
Since performance isn’t an option, they’ll need to focus on the growing demand for personalization and digital features.
AtoB, Super Payments, and Pomelo each recently raised funding to build out their businesses.
Credit unions’ bank acquisitions are setting a record pace in 2022. CUs also have the advantage in customer satisfaction.