On episode 26 I talk with Carlos Torras of Fintech Collective. Fintech Collective is a venture capital firm that partners with founders with vision and persistence – founders with a desire to reshape markets.
Powered by their $300-million fundraise over the summer, Fireblocks is looking to drive infrastructure efforts of digital banking and crypto companies as the industry is poised for explosive growth.
Fintechs have established themselves at the forefront of providing the more than 10 million SMBs in Latin America with implementation of digital strategies and processes that accelerate growth.
Citi, Zurich Insurance, Kabbage and DTCC are working to develop the new standards for tech companies; while large institutions have invested significantly in preventing cyber attacks, there are risks with partnering with fintechs who may not have as robust as systems in place; these backdoor attacks pose a significant risk to financial institutions; Michael Bodson, president and chief executive of DTCC stated, “We all live and die by each other; the weakest link in the chain is the highest point of vulnerability”. Source
In episode 39 I talk with Don Muir of Arc. Arc is the full-service finance platform for SaaS, providing startups with customized products.
Crypto companies are enticing talent with the pitch of working on the next "big thing."
While card issuers tightened new card volume during the pandemic, that trend has now shifted. Total bankcard originations reached new peak levels compared to previous years at 19.3 million in 2021, nearly doubling year-on-year, as lenders are looking to grow their wallet share knowing consumers...
Revolut has launched a brand new app called Revolut Junior; it is a personal finance app for those between 7-17...
China CITIC Bank and Baidu announced the creation of AiBank as they look to take advantage of the innovating China fintech market; the bank will provide lending services to consumer and SMBs, be comprised of 60 percent tech workers and leverage big data and AI; “AiBank is the future of intelligent finance … It is an institution that understands customers best and understands finance best,” noted Baidu’s COO, Qi Lu. Source.
Lend Academy provides a list of the top eight podcasts providing insight on the fintech market; these podcasts can provide a wealth of information on new companies, industry announcements and regulations; Lend Academy lists Breaking Banks as its top fintech podcast; the Breaking Banks podcast is hosted by industry expert Brett King every Thursday at 3:00 PM EST. Source