The scale of FTX’s bankruptcy has placed it among the biggest bankruptcies in financial services history, where it sits fourth behind only WorldCom, Enron, and Lehman Brothers. However, there’s a chance of an even bigger disaster if Tether goes down.
Ingenico and Splitit are focused on cutting customer friction to grow their in-store BNPL presence.
Focusing on culture, values, and relationships will help bring in new employees. And tech investment won’t just benefit customers.
Their earnings largely reflected the same results as US banks reported, though their profits weren’t hit as hard by loss provisions.
LevelField’s acquisition of an FDIC-insured bank likely won’t be enough to harmonize digital and traditional assets.
The funding round shows there are opportunities for fintechs serving North Africa’s substantial underbanked population.
Challenger banks that cut costs and prioritize lucrative revenue streams are carving out the profits that still elude most.
Higher rates and the risk of increased defaults are hurting their business. They’re also losing market share to specialized fintechs.
Just as the tech blows up in banking, UK startup Evident has created a non-biased index that scores banks on AI development and implementation.
It wants to lower the amount credit card issuers can charge in late fees—which would hurt a key source of issuers’ revenues.
In a saturated market and during a cost-of-living crisis, the investing app may struggle to win new customers.
FIs can access multiple fintechs through one connection while giving consumers control over their data.