Paycheck Protection Program (PPP) loans presented trouble for FinTech lenders, a University of Texas study released Tuesday showed. The study, which examined more than 10 million loans for potential red flags, showed 9 out of 10 of the highest rates of suspicious loans being approved by FinTechs. To some extent, this dubious distinction makes some sense; more than 70% of all … [Read more...] about FinTechs Led in PPP Fraud, UT Study Shows
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In FinTech We Trust
As the digital revolution becomes more and more ubiquitous, the question of what’s going to make FinTechs stand out from the pack becomes increasingly more pressing. The answer, that said, is as old as business – reputation and trust are the drivers that will make or break any financial company no matter how cutting-edge their technology products. How best to build that … [Read more...] about In FinTech We Trust
ESG Strategies Increasingly Critical to Success
ESG spending is increasingly vital for all tech-focused companies – as well as financial services in general. Beyond the obvious benefits, as younger generations increasingly dominate the workforce, it’s becoming a clear and present necessity for attracting talented candidates to your business. That can take a lot of shapes for individual companies, but the focus as a broad … [Read more...] about ESG Strategies Increasingly Critical to Success
FinTech Innovators Take the Lead Across Financial Services
I was on a call today preparing for the technology innovation panel for the Midwest Acquirers Association conference. As our conversation unfolded, we kept coming back to the need for traditional payments and financial organizations to innovate, to do something different, to work out strategies that will radically change the way they operate in the next three to five years. Or … [Read more...] about FinTech Innovators Take the Lead Across Financial Services
Building a More Human Digital Experience for Banking
The digital transformation is here in banking services. The pandemic crystallized just how far the technology has come, and for many users, there’s no going back. But making these services as approachable – or even better – than the traditional face-to-face experience is a key issue facing many financial institutions. These types of technologies will only become more and … [Read more...] about Building a More Human Digital Experience for Banking
Local FinTech Deals
Just as all politics is local, all business is ultimately local. National and international media tend to cover the large local companies, which tend to get identified with their country of origin. PayPal is American. Ant Group is Chinese. Wise is British. Klarna is Swedish. Yet the FinTech revolution is going local, as reflected in the following selection of FinTech deals … [Read more...] about Local FinTech Deals