June 27, 2024
Are Stablecoins Winner-Take-All?
Stablecoins have the potential to significantly increase competition in payments and financial services, although achieving this is not certain. Success hinges on fostering a diverse ecosystem with multiple issuers and...
June 24, 2024
MoneyLion Names Google Veteran Jon Kaplan as CRO
MoneyLion has appointed Pinterest and Google veteran Jon Kaplan as its first chief revenue officer (CRO). In his new position, Kaplan will focus on expanding MoneyLion’s market share and leveraging...
June 24, 2024
Virgin Money and Experian Partner on Digital Financial Products
Virgin Money will implement Experian’s full suite of cloud-based technology, including credit and lending, fraud prevention, analytics, governance and compliance. In the first phase of this strategic partnership, Virgin Money will leverage...
June 24, 2024
CFPB Targets Medical Debt — That Could Increase the Cost...
The Consumer Financial Protection Bureau’s (CFPB) rules that seek to remove medical debt from credit reports and cap card late fees are proving wildly popular with the general public. But...
June 21, 2024
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
Verituity has raised $18.8 million to support the growth of its B2B and B2C verified payout platform. The firm will use the new funding to continue to develop the machine...
June 20, 2024
Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due...
For banks, forging partnerships with nonbanks and FinTechs has been a key way to capitalize on growth opportunities in private credit. But the increasing connectedness between traditional financial players and...
June 18, 2024
Nonbank Lenders Pose Risks to Traditional Banks as Private Credit...
Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers, a capital lifeline to sustain...
June 12, 2024
New Zealand Probes Lack of Banking Competition
New Zealand is reportedly examining competition in the banking sector. As Reuters reported Wednesday (June 12), the decision to investigate the industry follows a draft report earlier this year which found that...
June 05, 2024
Inter Focuses on Brazilian Migrants to Drive US Growth
Brazilian online lender Inter&Co is expanding its efforts in the United States, with a focus on replicating its success in Brazil’s online banking sector. With a customer base of 32 million...
