Welcome to our month-to-month prime 10 collection at Fintech Nexus. We publish dozens of articles each month and I all the time assume it’s fascinating to see what catches our viewers’s consideration. So, right here we have now the highest 10 most seen articles from our web site in February.
How Banks Can (and Ought to) Remedy the Transactional Knowledge Drought Downside – To be sincere I used to be slightly stunned about this one being within the quantity on spot however clearly this can be a downside that resonates with lots of people. Monetary establishments have entry to an unlimited quantity of buyer knowledge, together with account info, transaction historical past, and credit score scores. However a lot of that knowledge is siloed by completely different cost platforms and networks making it unavailable throughout the group (see additionally this week’s cartoon).
Luke Voiles, CEO of Pipe, on the optimum method to strategy small enterprise lending – My podcast interview with Luke Voiles, CEO of Pipe, has been the preferred present I’ve performed in nearly a 12 months. Luke’s enthusiasm for small enterprise and his plain-spoken fashion clearly resonates with lots of people.
The Way forward for On Demand Pay and Earned Wage Entry – Our prime put up in January remains to be quantity three this month. This was a visitor put up from Jason Lee, the co-founder of DailyPay, the main earned wage entry platform. He makes the case that earned wages are workers’ cash and needs to be tracked rigorously. He launched his new firm, Salt Labs, additionally focused at employees however on financial savings slightly than spending.
The Evolution of Funds Rails: Shaping the Way forward for Monetary Providers – There are few areas of finance going by a change greater than funds rails. It isn’t simply the launch of FedNow it’s all the completely different immediate cost choices now out there. Companies shall be transitioning away from ACH and Wire to those immediate funds rails and it will occur shortly.
Goldman bids farewell to shopper banking push – In case you Google Goldman and shopper banking this text could be very excessive within the rankings. We didn’t do something particular to put it on the market however many information websites ended up linking to it. So, despite the fact that it was from July final 12 months it should most likely stay within the prime ten for fairly some time.
EY, MoneyLion unite to ship built-in digital finance – I’ve to confess I didn’t have a MoneyLion partnership with EY on my 2024 fintech partnerships bingo card. I’m guessing neither did anybody else which might be why this new partnership is producing a lot curiosity. It isn’t information for a fintech so as to add banking software program to its choices however combining it with a companies element from a prime consulting firm is new.
These 4 Traits are Shaping How Fintech Must be Utilizing Generative AI – Generative AI remains to be a scorching subject in fintech as main corporations maintain exploring use circumstances. This text takes a step again and appears on the 4 key tendencies which can be shaping the AI adoption journey at fintech companies in the present day.
Every part In all places All at As soon as: Conventional Banks Speed up Digital Transformation – I don’t assume there’s a financial institution anyplace on this nation that isn’t conscious of the necessity to embrace digital transformation. However that’s such a broad subject and there may be an nearly infinite variety of methods to go about it. This text gives three core areas for banks to concentrate on.
Marqeta’s Simon Khalaf: BNPL, embedded finance innovation simply starting – We sat down with Marqeta’s CEO a couple of weeks in the past to get his perspective on the way forward for embedded finance. I really like a few of his outside-the-box pondering relating to rewards and card use normally. After which there may be BNPL which Khalaf sees as being tied very a lot to loyalty. Fascinating ideas.
SnippetSentry tackles messaging app compliance – Sneaking into our prime 10 is an article simply revealed this week on compliance and messaging. There have been some excessive profile fines handed out by the SEC for compliance lapses on worker communications. So, in fact, somebody has created a seamless compliance answer for banks and fintechs to extra rigorously monitor these communications.
