Rental fintechs have reported increased demand for their services, including cashback on rent payments or discounted rent, due to rising rental prices and inflation. Rent has increased by 11.6% over the past year, according to Harvard University’s Joint Center for Housing Studies.
Read MoreEconomist and New York Times columnist Paul Krugman argued that the US economy has exited an inflationary period. Citing the Federal Reserve’s economic data, Krugman said inflation has sharply decreased since March 2022.
Read MoreTo Len Covello, Co-Founder and CTO of Engage People, a Toronto-based loyalty network that connects loyalty programs with payment systems and retailers to let consumers pay with points at checkout, the future of payments leverages a fully-backed digital currency: the rewards point.
Read MoreIn an interview with The Financial Revolutionist, Jane Podbelskaya, Principal at Information Venture Partners, suggests economic fundamentals will help early-stage fintechs weather upcoming volatility, and will make them capable of sustained growth under any economic conditions.
Read MoreA recession is defined as a “significant decline in economic activity that is spread across the economy and lasts more than a few months.” The uncertainty of the term, as well as improving supply-chain conditions in the auto industry, suggest a slump isn’t inevitable.
Read MoreSamsung announced that it’s merging its Pay and Pass apps into Samsung Wallet, a single, integrated platform for financial products, official documents, home and car keys, and more. Users in France, Germany, Italy, Spain, the UK, and the US are the first to have access to the updated service.
Read MoreThe Netherlands Authority for Consumers and Markets (ACM) said Apple will comply with a ruling that requires the computing giant to allow other payments methods for dating app purchases. Penalty payments surrounding the case totaled €50M.
Read MoreDigital payments company MFS Africa acquired US-based Global Technology Partners (GTP), a card-issuing startup, which will let MFS issue virtual debit cards to its customers. MFS Africa paid $34M for GTP through cash and shares.
Read MoreJonathan Lofthouse, Head of Markets and Enterprise Risk Technology, said Citigroup plans to hire more than 4,000 tech workers to help digitize services for institutional clients.
Read MoreIn an op-ed for MIT Technology Review, Lana Swartz, who studies the history and future of money at the University of Virginia, reflects on monetary tools that serve public interests. Cash, she argues, is the best financial technology for community and individual autonomy.
Read MoreIn an interview with The Financial Revolutionist, Danielle Kane, Director of Small Business Banking at Grasshopper Bank, explains the bank’s lean partnership model, describes how small businesses can operate like consumers, and hints at the bank’s long-term goals.
Read MoreIn an interview with The Financial Revolutionist, Federico Baradello, Founder and CEO of Finalis, dives into his company’s mission, outlines how compliance can be a strategy for growth, and encourages other entrepreneurs to find “unsexy” but promising niches to disrupt.
Read MoreThe payments giant announced the launch of its Biometric Checkout Program, which lets customers pay by smiling or waving their hand over a reader. It will first be used at five supermarkets in Brazil as a pilot program.
Read MoreThe BNPL provider announced that it will offer its solution on Fiserv point-of-sale technology, including the Carat commercial system as well as Clover POS devices at brick-and-mortar stores. Visa announced a similar partnership with FIS last week.
Read MoreIn an interview with The Financial Revolutionist, James Jack, Head of the Business Owners Client Segment at UBS, suggests ways fintechs can learn from the experiences and strengths of banks like UBS.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
