The Digital Identity Regulation has reportedly entered into force. This means that the solution will become available by 2026. A digital ID and personal digital wallet for EU citizens, residents and businesses should help with enabling more frictionless experiences in an online environment. As noted… Read More
Tagged digital identity, EU, europe, european union, regulations
The Basel Committee on Banking Supervision recently released a report that considers the implications of the ongoing digitalization of finance on banks and supervision. The report builds on the Sound Practices: implications of fintech developments for banks and bank supervisors released in 2018, and “takes… Read More
Tagged banking, basel committee, bis, digitalization
Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the first quarter ended March 31, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “Our focus on product-led growth is bearing fruit, with On-Demand GMV scaling to new highs in spite… Read More
Tagged grab, southeast asia
The Consumer Financial Protection Bureau (CFPB) has sued the online lending platform SoLo Funds for claims the Fintech deceived borrowers about the total cost of loans. The CFPB notes that SoLo markets itself “as a consumer-friendly alternative to high-cost, short-term loans.” Solo is a Fintech… Read More
Tagged cfpb, enforcement action, online lending, p2p, peer to peer, solo funds
The Federal Trade Commission (FTC) released its Fiscal Year 2023 Annual Report outlining the agency’s work to protect consumers and promote competition. FTC Chair Lina M. Khan said: “The FTC is focused on ensuring that American consumers, workers, and entrepreneurs can enjoy honest markets and… Read More
Tagged federal trade commission, ftc, regulations
Credit cards have been a cornerstone of consumer payment methods for decades now, and the demand for consumer cards is only increasing. In fact, 43% of Gen Z and millennial consumers are increasing their spending on credit cards, suggesting that the market is both lucrative… Read More
Tagged Brian Muse-McKenney, credit cards, episode six, fintech trends, interview
Teal, a startup in the accounting infrastructure for vertical SaaS businesses sector, has revealed an $8 million Seed round today. Founded in 2023 by Ian Crosby, former head of financial services at Shopify and CEO and co-founder of Bench Accounting, Teal allows vertical SaaS businesses… Read More
Tagged accounting, Ian Crosby, Teal, vertical SaaS
A new report by EUROCROWD titled “Crowdfunding’s Role in Catalyzing Local and Rural Development in Spain” in collaboration with the Universidad Camilo José Cela, UAM Universidad Autonoma de Madrid Centro de Investigación sobre Justicia Administrativa, and Simbiosis HUB, “delves into the extensive impact of crowdfunding… Read More
Socure, a provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, today unveiled research study findings revealing that 35% of Gen Zers in the U.S. and nearly one-third of legal immigrants are “Digital Ghosts.” A Digital Ghost has little to no… Read More
Tagged Digital Ghost, generation z, identity verification, socure
Yendo, the creator of the first vehicle-secured credit card, announced that it has closed a significant financing round, totaling $165 million. This includes $150 million in debt financing led by i80 Group, with an additional $15 million in equity from undisclosed strategic investors. The funds… Read More
Tagged credit card, digital lending, fintech, payments, Yendo
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