Plaid has announced a new cash flow underwriting tool call Consumer Report that is the most comprehensive offering for lenders yet.
PositionChairman
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.
UK digital banking pioneer Monzo reported its financial results for the 2023-24 fiscal year today.
The numbers are impressive. Total revenue was £880 million for the year, more than 2x the £356 million from the previous year.
When it comes to the adoption of generative AI in finance, we are still at the top of the first inning.
That is why it was really interesting to read Penny Crosman's article yesterday about what is top is mind for bankers when it comes to Gen AI.
While the BaaS space is having a moment right now, there are some banks, like Pathward, that continue to serve their many fintech clients successfully.
Fintech infrastructure is still hot. As earnings season wraps up, we heard from nCino yesterday as they reported on their fiscal first quarter, which ended on April 30.
Here is another use case for generative AI. BNPL giant Klarna is using Gen AI to run marketing campaigns and generate images.
While Synapse collapse is in the news a lot right now, this is a reminder that not all fintech is created equal. Let's not forget that there are many fantastic innovations that have come out of the rise of fintech.
Last month, it was Chase, this month, it is PayPal launching a new ad business.
PayPal has hired Uber's former head of advertising to run PayPal Ads, the new division that will be selling targeted ads based on its customer data.
It has been the talk of the crypto world all week. SEC watchers noticed early this week that the regulator appeared to be getting ready to approve an ETF for funds holding Ethereum.
There is no area of fintech moving faster than identity verification today. With new attack vectors coming online every day it is critical for banks and fintechs to be at the top of their game here.