Underserved communities have historically had a tepid relationship with financial institutions, but emerging technologies in fintech has opened new doors – and opportunities – for this demographic. Data from the FDIC in 2019 revealed approximately 7.1 million U.S. households were unbanked, meaning they did not have a checking or savings account in a bank or

Changing Banks’ Approach to Financial Wellness Fintechs are finally having their moment in the sun. Last year, venture capital firms showered fintechs with record-breaking funding – a 169% increase since 2020 according to CB Insights’ 2021 State of Venture Report – and that’s just the tip of the iceberg. Researchers predict funding will surge beyond

Taking a jobs-to-be-done approach to embedded finance  The logic of embedded finance is obvious, what’s needed is to bring it to life. Embedded finance is transformative “Software is eating the world, and #embeddedfinance is its chocolate sauce on top” – Shaul David, Head of Growth at Railsbank (Twitter) Embedded finance is transformative. And people are

Already in widespread use in China and other nations, super apps are yet to reach mainstream appeal across the West. While individual smart phone apps are extraordinarily popular, few of these applications offer more than a few core services to users. In China, WeChat is the definitive super app, with users being able to do

Last week’s #FTT21 Fintech Talents festival didn’t disappoint on any level. A mix of incumbent bankers, industry leaders, influencers, fin-techers, sponsors and (as Fintech Talents likes to call them) “rockstar speakers” made for plenty of interesting discussions on and off the four stages.   But midway through the second day, I caught wind of a different buzz. Several people

Traditional banks have faced challenges in moving to the forefront of embracing digital identity. Without legacy systems slowing down innovation and delaying the implementation of new tools, fintech challengers and neo-banks have been able to offer powerful ways to authenticate customers. As Manuela Sedvartaite, Innovation Manager at Santander, explains, “As a large corporation bank, we

Even though we could not be physically with our friends at the Fintech Talents Festival last week in London, we were still able to partake in many of the sessions virtually. If there is one word that we could use to describe last week’s fintech fanfare, it will be exhilarating. We could clearly feel the

In the spirit of Halloween, here’s the spooky tale of the deepfakes capable of raising the dead… OK, maybe not literally. But, using deepfake technology, a company called MyHeritage allows visitors to upload a photograph of deceased family members, which can then be animated into video. The company says that it’s intended “for nostalgic use…to bring