We are almost one year removed from the banking crisis precipitated by the struggles at Silicon Valley Bank.
Now, another bank is having its own struggles. New York Community Bank (NYCB) has announced a new CEO and discovered "material weaknesses" in some of its internal procedures.
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JoinedOct. 8, 2010
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Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.
Mark Gould, Chief Payments Executive for Federal Reserve Financial Services on the rollout of FedNow
When FedNow launched last July there was a lot of pressure on the Fed to get this move into instant payments right. The head of FedNow, Mark Gould, shares how the rollout has gone.
There is never a dull moment in the Banking-as-a-Service space. Treasury Prime is the latest company to make news in the space.
With Orum's new Deliver API small banks and fintechs will now have direct access to the Fed's payments rails.
While AI chatbots have been around for several years, with the rapid AI advances of the past 18 months, they are reaching a new level of usefulness.
If you are not paying attention to Nubank, it is time you did.
Last week the Latin American fintech leader released their Q4 and full-year earnings and it was another very solid report.
For the past two decades, the investment banking ecosystem in fintech has been dominated by one player: Steve McLaughlin's FT Partners. Now, that is not to say that other investments have not done deals. The really big deals are often done by the likes of Goldman Sachs, Morgan Stanley, or JPMorgan Chase.
While there has been a focus on junk fees recently that hasn't extended much to remittances. For people sending money overseas there is no transparency and the cost is still too high.
Block reported earnings after the bell yesterday and it was a strong report with solid revenue growth in both Cash App and Square.
Revenue for the fourth quarter was above expectations at $5.77 billion and gross profit was $2.03 billion, up 22% from a year ago.
Digital tools are essential for delivering financial health products that can make a difference. But many lack the human touch which is what makes Addition Wealth so different.