February 6, 2024 @ 9:40 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks, this week announced that earned wage access (EWA) provider ZayZoon has become its newest member. An EWA provider for small and mid-sized businesses, ZayZoon joins a growing group of diverse industry-leading EWA… Read More

February 5, 2024 @ 6:11 pm By Tony Zerucha  |  

The latest data breach yearly recap by Surfshark shows that 300 million accounts were breached in 2023, with the United States ranking first with 97 million breaches. Russia takes second place with 79 million. France (10M), Spain (8M) and India (5M) are far behind in… Read More

January 15, 2024 @ 9:39 pm By Tony Zerucha  |  

This week, WebN and Laser Digital launched Libre, a new institutional Web3 infrastructure powered by Polygon for distributing alternative asset funds. Alternative investment management firm Brevan Howard and private markets investment management firm Hamilton Lane plan to be the first issuers to strategically partner with… Read More

January 15, 2024 @ 4:16 pm By Tony Zerucha  |  

Balance, a B2B digital payment platform, says it has developed B2B checkout technology that includes net terms and online payment options like ACH and wire. Balance has also partnered with B2B e-commerce platforms like BigCommerce, Mirakl, and Shopify. The company secured a $350 million credit… Read More

January 15, 2024 @ 4:13 pm By Tony Zerucha  |  

This past week the American Fintech Council testified before the Washington State House Committee on Consumer Protection and Business, recommending amendments to proposed legislation. CEO Phil Goldfeder, a former member of the New York State Assembly, appeared in Olympia to urge legislators to amend legislation… Read More

January 13, 2024 @ 11:20 am By Tony Zerucha  |  

Payments company TodayPay, a Fintech developing Refunds as a Service, today appointed Visa executive Mike West as a strategic advisor. The announcement was made at the Consumer Electronics Show. West led Visa Direct’s international commercialization and network expansion by launching new use cases, payment capabilities and value-added… Read More

January 8, 2024 @ 8:21 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) has imposed fines on three money transfer firms after they admitted to fixing prices charged to consumers in Glasgow, Scotland. Dollar East (International Travel & Money Transfer) Ltd; Hafiz Bros Travel & Money Transfer Limited; and LCC Trans-Sending… Read More

January 7, 2024 @ 6:29 pm By Tony Zerucha  |  

Rocket Companies, the Detroit-based Fintech that includes mortgage, real estate, and other financial services businesses, has named Jonathan Mildenhall as its group chief marketing officer (CMO), effective Jan. 8. “Jonathan is one of the top marketing minds in the world, with a strong reputation for consistently delivering compelling… Read More

January 6, 2024 @ 10:22 am By Tony Zerucha  |  

The American Fintech Council (AFC) has responded to the Consumer Financial Protection Bureau’s (CFPB) notice on the proposed rulemaking on personal financial data rights related to Section 1033 of the Dodd-Frank Act. Their letter was posted on Jan. 2. The AFC said the CFPB’s implementation… Read More

January 6, 2024 @ 8:22 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) is taking steps to ensure folks maintain access to physical currency in an increasingly digital society. The agency proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This follows new… Read More

December 27, 2023 @ 9:02 am By Tony Zerucha  |  

The American Fintech Council (AFC) this week announced its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act. The organization said bipartisan legislation introduced by U.S. Sen. Jerry Moran (R-KS) and co-sponsored by U.S. Sens Joe Manchin (D-WV), Bill Hagerty (R-TN), and Thom… Read More

December 26, 2023 @ 11:21 am By Tony Zerucha  |  

A new Surfshark study finds several Fintech apps do more than provide advice and service – they also collect and share user data. The research highlights that fintech apps collect significant user data, particularly Paypal and Robinhood. Mint shares 70% of collected data. One in… Read More

December 26, 2023 @ 8:45 am By Tony Zerucha  |  

AU10TIX, a global technology provider of identity verification and management services, this week released its Q3 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from July to September 2023, the report uncovers significant trends in the world of… Read More

December 18, 2023 @ 7:54 am By Tony Zerucha  |  

M1, an investing platform that allows users to invest, borrow, spend, and earn in one place, this week released findings from its 2023 holiday shopping and saving survey, gleaned from insights from nearly 700 M1 users. The findings provide a comprehensive look into the significant… Read More

December 17, 2023 @ 10:02 pm By Tony Zerucha  |  

An industry watcher believes 2024 will be a better year for Latin American companies seeking investment. Andrew Seiz is the vice president of capital markets and investor relations for Kueski, a large Latin American BNPL and online consumer lending provider. He has extensive experience in… Read More

December 16, 2023 @ 6:32 pm By Tony Zerucha  |  

Repay, a provider of vertically-integrated payment solutions, this week announced a new technology integration with Akuvo, a provider of cloud-based software that elevates how financial institutions collect and manage their portfolios. The Repay integration with Aperture, Akuvo’s collections management software, enables financial institutions to accept digital… Read More

December 16, 2023 @ 5:30 pm By Tony Zerucha  |  

Twilio, a customer engagement platform that drives real-time, personalized experiences, and Jack Henry this week announced Jack Henry is leveraging a suite of Twilio products to enable banks and credit unions to communicate better and engage with their customers across digital channels. Jack Henry uses… Read More

December 16, 2023 @ 8:48 am By Tony Zerucha  |  

An industry watcher believes Canada’s pragmatic approach to DeFi regulation could position it well in the future. Canadian Aaron Unterman is the managing director of Xreg Consulting. Unterman said Canada’s approach to cryptocurrency regulation has been to apply its existing capital markets framework to crypto… Read More

December 15, 2023 @ 9:34 am By Tony Zerucha  |  

ZenLedger, a provider of blockchain data and tax solutions, this week announced a partnership with april, a developer of AI-powered financial technology focused on modernizing taxes, to launch the first end-to-end tax filing experience in the crypto industry.  Integrating with april, an IRS-authorized e-file provider, brings… Read More

December 11, 2023 @ 10:27 am By Tony Zerucha  |  

Marqeta executives predict that artificial intelligence (AI), the evolution of credit cards, and the increasing demand for customer choice will be important trends in 2024. CEO Simon Khalaf said the boring old credit card should get a facelift next year. While proving extremely popular, with… Read More