The Consumer Financial Protection Bureau (CFPB) in late October released its long-anticipated proposed open banking rule as part of the implementation of section 1033 of the Consumer Financial Protection Act of 2010 (CFPA). If adopted, this requirement would bring consumer-permissioned financial data sharing to the US in a formal way…

The Bill and Melinda Gates Foundation talk about the need for what they call a “digital public infrastructure” (DPI). The Foundation says that a strong DPI has three foundational systems—identity, payments, and data exchange—that together can make life easier in important ways. It highlights such an infrstructure as a way…

Fintech funding for the first three quarters of 2023 dropped to $29 billion, compared to a record high of $54 billion during the same time last year, as reported by S&P Global. This decline in funding has led to a renewed focus on business-to-business (B2B) fintech, with female entrepreneurs spearheading…

There are various strategies that fintech companies use to cultivate outstanding workplaces. Getting this wrong can be a costly affair. In the US, every year disengagement costs companies more than $500 billion annually. Research has shown that ‘unhappiness’ in the workplace can equate to a productivity loss of $7.8 trillion,…

Quick — what’s the most interesting part of banking right now? There are as many answers to this as there are bankers in the world. Right now, I suspect many would point to generative AI’s impact on the industry or the ongoing impact of high interest rates. But I’d wager…

Block shares rose 15% in after-hours trading after reporting better-than-expected results and raising its full year adjusted ebitda guidance. Block revenue for the third quarter came in at $5.6 billion, slightly above analyst estimates of $5.5 billion and up from $4.5 billion from the same quarter last year. Net loss…

Since OpenAI launched ChatGPT-4, the biggest names in technology as well as myriads of wannabe start-ups have scrambled to create marketable solutions powered by generative AI. It didn’t take long for the analysts to work out that financial services is the sweet spot for gen AI. Banks, insurers and capital…

Positive workplace environments are crucial to business and individual success. Inclusion plays a huge part in that. EY Research shows that almost two-thirds (63%) of Gen Z staff consider working for an employer that shares their values ‘very or extremely’ important. These staff prioritize fulfilling careers where they feel valued…

Positive workplace environments are crucial to business and individual success. Inclusion plays a huge part in that. EY Research shows that almost two-thirds (63%) of Gen Z staff consider working for an employer that shares their values ‘very or extremely’ important. These staff prioritize fulfilling careers where they feel valued…

If you ask Stephanie Ferris, the CEO and President of FIS FIS , about her recent tenure at the helm of a fintech company, she likens it to the classic Billy Joel tune, “We didn’t start the fire.” Chaotic? Certainly. But amidst the chaos, a newfound clarity emerges. According to…