A lack of financial literacy can be devastating to maintaining financial health. The big problem is that most people find financial literacy programs boring and don't stick to it. Many fintechs and banks have tried to counteract this by creating gamified learning.

The fintech space, and the tech space more broadly, is enamored with company valuations. The term unicorn arose out of that fascination.

You may remember a few months ago when PayPal launched Tap-to-Pay on Android for merchants using Venmo and Zettle. Yesterday, the fintech behemoth announced that the feature has now been added for iPhone users.

The New York Community Bank saga has occupied the headlines for much of the past month. But the bank may finally be seeing light at the end of the tunnel. Yesterday, NYCB received a $1 billion infusion of capital from a group that included former Treasury Secretary Steve Mnuchin and former OCC head Joseph Otting.

In the new Apple iOS 17.4 update there is a little something for fintech enthusiasts: a new API called FinanceKit. This is another example of Apple edging its way into open banking after last November the company allowed UK users to connect outside accounts.

The CFPB continues its attack on all kinds of junk fees charged by banks. This time they are targeting credit card late fees.

So far this year we have seen so many negative stories about banking as a service. You could be forgiven that BaaS is dying a slow and painful death.