News

Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

Fintech Nexus Newsletter

·May. 2, 2024

Fintech Nexus Newsletter (May 2, 2024): Block targeted by federal prosecutors for AML and sanctions failings

We learned yesterday that federal prosecutors are investigating Block for widespread compliance lapses. NBC News broke this story after interviewing a former Block employee. This person provided roughly 100 pages of documents that showed transactions involving entities in countries subject to U.S. sanctions.

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Fintech

·Mar. 24, 2023

Hindenburg slams Dorsey’s utopian vision of Block

Hindenburg's tale of fraud and manipulation has dirtied Dorsey's rose-tinted vision of economic empowerment.

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Europe

·Mar. 31, 2022

Tomorrowland launches Web3 experience with FTX Europe

The biggest electronic music festival in Europe, Tomorrowland has partnered with FTX Europe, a cryptocurrency exchange, to create new digital Web3 experiences and NFTs.

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Regulation

·Feb. 26, 2024

SnippetSentry tackles messaging app compliance

The use of messaging apps raises compliance issues that SnipperSentry addresses. This issue is not going away for fintechs and banks.

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Payments

·Jan. 20, 2022

Pinwheel raises $50M building payroll API

Once small startup Pinwheel raised a $50M series B at a $500 million valuation, all in the name of helping partners turn the paycheck-to-paycheck lifestyle into an outdated past.

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LatAm

·Dec. 8, 2021

LatAm 2021: Mexican mortgage startup Yave wins PitchIt

Yave, a mortgage and credit fintech that aims to capture the Mexican mortgage market, won the day after an excellent presentation by co-founder and CEO Bernardo Silva. He said he wanted to break into the slow-moving trad marketplace for mortgages and help brokers put the mortgage right into the sales process.

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