Back in the go-go days of 2021 the two biggest names in crypto were known just by their initials: SBF (Sam Bankman-Fried) and CZ (Changpeng Zhao).
They often took to Twitter arguing with each other about where the market was going and whether certain tokens were overvalued. But there were no bigger names than SBF and CZ. They controlled the biggest crypto exchanges, outside of Coinbase: FTX and Binance.
Funding for Latin American fintechs surged in the first quarter, raising hopes that the worst for the industry may be behind it.
LendingClub reported Q1 2024 earnings and the company exceeded analyst expectations for both revenue and profit.
Goldman's push into consumer finance continues to be a disaster. While CEO David Solomon had grand plans, the entire move has proven to be an unmitigated disaster.
As scrutiny of Buy Now Pay Later increases, so too do satisfaction scores among customers using the short-term financing mechanism structured like an installment loan.
SoFi is the first publicly traded fintech to report earnings and it was a strong report with revenue, profit and member growth.
Caitlin Long, the CEO and founder of Custodia Bank, has been fighting for access to the Fed payments system for many years. Custodia first applied for a Fed master account in October 2020.
After her application was endlessly delayed, she sued the Fed to review her application. They eventually did and ruled against her. So, she sued the Federal Reserve again.
A report reveals that 9 in every 10 SMBs in the region are currently underserved. This presents an opportunity for Latin American fintechs.
Fintech Nexus Newsletter (April 26, 2024): SVB Financial Group’s $2 billion lawsuit against the FDIC
We haven't written about Silicon Valley Bank in almost a year, but the saga of the third-largest bank collapse continues.
SVB's parent company, SVB Financial Group, had $2 billion on deposit at its bank subsidiary. When the FDIC made it clear that all depositors would be made whole, one would assume that included the $2 billion of the parent company's money.
It is time for digital wallets to come into their own. They can and should be more than a payment method, they could become the financial