In an interview with The Financial Revolutionist, Infima CEO Hendrik Bartel outlines his path to Infima, shares details of the company’s Seed round, peeks at the startup’s roadmap, and encourages a modest approach to startup leadership.
Read MoreSoftBank is expected to announce additional losses of billions of dollars from its two funds. The Japan-based investment conglomerate lost $27B in the previous fiscal year.
Read MoreOver 30,000 tech workers have lost their jobs in the latest round of tech layoffs. Across industries, unemployment claims have reached an eight-month high.
Read MoreGoogle announced that it paused hiring for two weeks, stating the need “to enable teams to prioritize their roles.” Other major tech companies have also announced layoffs; Netflix, for example, has fired more than 450 employees since May.
Read MoreStarling, the UK-based challenger bank, withdrew its application for a European banking license four years after its initial application to the Irish Central Bank. The bank is now eyeing growth through its banking software subsidiary, Engine, and by expanding its lending initiatives.
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 MoreMeta, Facebook’s parent company, announced it would reduce its engineer hiring goals by 30% this year. It will recruit between 6,000 and 7,000 engineers, down from an envisioned 10,000.
Read MoreThe Council of Economic Advisers reported that skyrocketing rents were responsible for 40% of the Consumer Price Index increase in May. At least 35% of people in the U.S. live in rented housing.
Read MoreA report by the Filene Research Institute and Ceres Accelerator for Sustainable Capital Markets suggests more than 60% of credit unions risk climate-related losses. These credit unions represent over $1.2T in assets.
Read MoreIn an interview with The Financial Revolutionist, Mark Loehr, CEO of OpenExchange, explains his path to OpenExchange, offers tips for organizing virtual meetings, and outlines his vision for the future of virtual contact.
Read MoreThis morning at its 2022 Worldwide Developers Conference (WWDC), the computing giant introduced attendees to Apple Pay Later, a proprietary buy now pay later (BNPL) service. Goldman Sachs is the lender for the instalment loans.
Read MoreIn an interview with The Financial Revolutionist, and a week after Clear Street’s $165M Series B announcement—making the company a unicorn—Bailey details the market gap Clear Street tackles, explains why capital markets have been slow to modernize, and outlines how new technology can level the playing field between large and small players.
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 MoreAlly Financial announced the launch of a new wealth management offering, which provides access to human advisors, rather than robo advisors, for clients with more than $100,000 in investable assets.
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 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.
