According to Seth McGuire, Galileo’s CRO, the push into embedded finance is the result of growing digitization as well as a recognized need for more revenue streams. Perhaps counterintuitively, McGuire said, many businesses have looked to launch embedded finance platforms in the face of headwinds.
Read MoreTo Danielle Weinblatt, Taulia’s Chief Product Officer, the company’s products—both current and upcoming—help address acute macroeconomic needs and help build a more inclusive economy.
Read MoreAccording to Krishna Venkatraman, Kueski’s Chief Data Officer, approximately 60% of Mexican consumers work in an informal economy without a bank account, and about 80% of them don't have a credit card.
Read MoreGO2Bank was the result of longstanding partnerships and relationships between Green Dot and its users, says Abhijit Chaudhary, Green Dot’s Chief Product Officer.
Read MoreWellMoney’s Founder and CEO, Dr. Kortney Ziegler, describes WellMoney as a “cost-sharing community for emergencies” from which members can take from “no questions asked,” avoiding payday lenders or crowdfunding platforms like GoFundMe.
Read MoreIn 2017, The Clearing House launched Real Time Payments (RTP), which immediately processes funds at any hour. Notably, RTP permits earned-wage access (EWA) capabilities, meaning payroll companies can allow workers to withdraw their earnings at any time, not just at traditional payroll increments.
Read MoreThis morning, DoorDash and JPMorgan announced the launch of a co-branded card issued by Mastercard. The card will let users earn benefits both on and off the DoorDash app.
Read MoreThe Consumer Financial Protection Bureau (CFPB) released a new report to expand "interpretive guidance or rules" related to the BNPL space. The CPFB hopes to align the industry with compliance standards introduced in the Credit Card Accountability and Responsibility Act of 2009.
Read MoreIn an interview with The Financial Revolutionist, PayQuicker President Charles Rosenblatt explains the company’s newest offering, details the conditions that gave birth to PayQuicker, and outlines the future of payments and payouts.
Read MoreStarbucks announced that it will launch Starbucks Odyssey, an NFT-based rewards program and marketplace. Rewards members can buy and sell NFTs to each other and gain access to exclusive rewards, like virtual classes and trips to coffee plantations.
Read MoreJPMorgan announced that it’s acquiring cloud-native payments startup Renovite. The California-based startup will become part of JPMorgan Payments.
Read MoreBNPL giant Klarna announced that its losses have tripled in the first six months of 2022, reporting losses of $581M. Its revenue rose by 24% over the same period.
Read MoreWhatsApp, the messaging platform owned by Meta, announced a shopping feature for India-based consumers to purchase groceries and other items within WhatsApp. The feature is launched in partnership with JioMart, an Indian e-commerce company.
Read MoreIn early July, El Salvador-based payments startup n1co raised $12M in a pre-seed round. The fintech spinoff of super-app Hugo, n1co launched as its own company in early 2022.
Read MoreIn an interview with The Financial Revolutionist, bolt CEO Jim Dwane details bolt’s growth strategy, highlights bolt’s value proposition, and shares his view on bolt’s future.
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.
