Author: hjenkins42

For the first time since 2019, FinovateSpring was held before a live audience of more than 1,000 fintech professionals, analysts, entrepreneurs, and observers. The energy at the San Francisco Hilton in Union Square was palpable. Attendees arrived early and stayed late – even on a sunny Friday afternoon with the delights of the City by…

Quick recap; the  Salvadoran Colon currency failed due to inflation, then they switched to the US Dollar and then they added Bitcoin as legal tender in 2021. El Salvador’s new Bitcoin law requires every trader who is technically able to do so to accept the cryptocurrency. People are also able to pay their taxes in…

Banks have inherent advantages over fintechs in the race to recruit top tech talent although fintechs are often viewed as more efficient and faster-moving than banks. “Technologists have highly valued skills and the competition to attract them is fierce across all industries,” Gill Haus, chief information officer, Chase at $3.7 trillion JPMorgan Chase, told Bank…

Plaid released a biometric Identity Verification (IDV) tool last week that will integrate into its account linking services in an effort to streamline customer onboarding.   IDV handles authoritative data source, documentary and liveness verification, as well as more than 16,000 possible document types, according to the announcement. It also automates verification checks based off…

Fintech Apex Fintech Solutions is leveraging U.S. Bank’s real-time rails to offer real-time payments on its digital custody and clearing platform in the type of partnership the $587 billion bank hopes to foster with other fintechs in the future. Apex Fintech Solutions is a business-to-business fintech that sells fractional shares. It digitizes what has been…

Financial enablement platform Array announced a partnership with Jack Henry Associates to embed its credit management and identity protection solutions into Jack Henry’s Banno Digital Platform. Among the institutions to adopt the technology is Washington-based Timberland Bank. Array is a two-time Finovate Best of Show winner, earning its most recent award at FinovateSpring 2022 last…

Auto loan refinance company Caribou received $115 million in Series C funding last week. The company now boasts $190 million in total funding and touts a $1.1 billion valuation. Caribou will use the funds to further invest in its platform, create new products, and expand its team. Auto loan refinance company Caribou closed on $115…

U.S. Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app. The Minneapolis-based bank last month launched a Spanish-language version of its smart voice assistant — Asistente Inteligente de U.S. Bank — that allows consumers who select Spanish as their preferred language in the app to search for checking…

Coinbase’s first-quarter earnings report showed a $430 million loss in revenue and a 19% drop in users, going from 11.4 million to 9.2 million MTUs – monthly transacting users. It also showed that in 2021 subscription and services revenue grew by 10x over 2020, generating $500 million ($200 million in Q4) representing 7% of the…