Week's Most Interesting
Visa’s Al Kelly on Cryptocurrency Future
In my experience, it’s not unusual for CEOs to let loose a little (i.e. tell us how they really feel) when they’ve got one foot out the door, and that’s exactly what Visa’s outgoing CEO, Al Kelly did in a CNBC interview a few days before Thanksgiving, as he publicly passed the baton to current President, and incoming CEO, Ryan McInerney, on a live hit with Jim Cramer and David Faber. Though Kelly shared many opinions on the current state of affairs – of Visa, of the strength of the consumer, and worldwide payments activity and trends – he also addressed a timely question
Crypto
BlockFi Commences Restructuring Proceeding to Stabilize Business
On Monday, crypto exchange BlockFi, and eight of its affiliates, initiated voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United
E-commerce
Costco Stock Falls More Than 3% After Pace of Monthly Sales Slows, E-commerce Sales Decline 10%
Shares of Costco Wholesale Corp. fell more than 3% during Wednesday’s extended session after the company reported a double-digit fall in e-commerce sales, which
Fintech
Atomic Collaborates with Jack Henry to Unlock a Digital Banking Evolution For Banks and Credit Unions
Atomic, a top provider of payroll connectivity through APIs, has struck a deal with Jack Henry & Associates to integrate its direct deposit setup and
Fraud / Risk Management
Rule Change Presents Challenge for Zelle
The seven American banks that own payments network Zelle are eyeing Congress for 2023 legislation that will aim to shift liability for fraudulent payment transactions
Investment / Acquisition
‘Bank Black’ Movement Gets Lift With $45 Million Investment In Startup
Greenwood, Inc., which was founded in 2020 as part of the “Bank Black” movement, recently announced it has raised $45 million in venture capital to support
Open Banking
Yapily and Certua Team Up to Simplify Life Insurance With Open Banking
Yapily, the open banking and data aggregator, announced a new partnership with embedded insurance platform Certua to make it simpler, faster, and cheaper for customers
Payments
Car Repairs Fintech Bumper Drives in £26.1 Million
Buy-now-pay-later platform for auto repairs Bumper has announced a £26.1 million Series A extension round with participation from the financial arm of automaker Jaguar Land
Saas
Adyen Empowers Accounting Platform Moneybird to Offer Financial Services
Moneybird, the SaaS platform for accounting, invoicing, and billing, announced a new partnership with Adyen, the global financial technology platform. Moneybird has integrated Adyen’s card
Specialty Finance / LendTech
Tranch Rolls Out flexible Payments for Goodwin Clients
Tranch, a B2B specialty payments provider, announced that international law firm Goodwin now offers Tranch’s buy now pay later technology in order to allow
Week's Most Interesting
Visa’s Al Kelly on Cryptocurrency Future
In my experience, it’s not unusual for CEOs to let loose a little (i.e. tell us how they really feel) when they’ve got one
A.I.
Upstart Earnings Spark Questions About Company’s ‘Fintech’ Narrative
Upstart, an artificial intelligence based lending platform that partners with banks and credit unions to provide consumer loans saw its shares sink more than
Investments - M&A
‘Bank Black’ Movement Gets Lift With $45 Million Investment In Startup
Greenwood, Inc., which was founded in 2020 as part of the “Bank Black” movement, recently announced it has raised $45 million in venture capital to
Fintech
Atomic Collaborates with Jack Henry to Unlock a Digital Banking Evolution For Banks and Credit Unions
Atomic, a top provider of payroll connectivity through APIs, has struck a deal with Jack Henry & Associates to integrate its direct deposit setup
Payments
Car Repairs Fintech Bumper Drives in £26.1 Million
Buy-now-pay-later platform for auto repairs Bumper has announced a £26.1 million Series A extension round with participation from the financial arm of automaker Jaguar
Saas
Adyen Empowers Accounting Platform Moneybird to Offer Financial Services
Moneybird, the SaaS platform for accounting, invoicing, and billing, announced a new partnership with Adyen, the global financial technology platform. Moneybird has integrated Adyen’s card
E-commerce
Costco Stock Falls More Than 3% After Pace of Monthly Sales Slows, E-commerce Sales Decline 10%
Shares of Costco Wholesale Corp. fell more than 3% during Wednesday’s extended session after the company reported a double-digit fall in e-commerce sales, which were
Open Banking
Yapily and Certua Team Up to Simplify Life Insurance With Open Banking
Yapily, the open banking and data aggregator, announced a new partnership with embedded insurance platform Certua to make it simpler, faster, and cheaper for customers
Crypto
BlockFi Commences Restructuring Proceeding to Stabilize Business
On Monday, crypto exchange BlockFi, and eight of its affiliates, initiated voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States
Specialty Finance / LendTech
Tranch Rolls Out flexible Payments for Goodwin Clients
Tranch, a B2B specialty payments provider, announced that international law firm Goodwin now offers Tranch’s buy now pay later technology in order to allow clients