Fintech Nexus Newsletter

It was almost a year ago when FIS acquired embedded finance startup Bond. CEO Roy Ng and much of the team stayed on at FIS. Today, we learned about the fruits of this integration. FIS has announced the launch of Atelio by FIS, its new embedded finance platform.

Nubank is a fintech phenomenon. The numbers speak for themselves. Today, the Brazilian digital bank announced that it has surpassed 100 million customers in the three countries it operates in: Brazil, Mexico, and Colombia. It is the first digital bank outside of Asia to hit that milestone.

Upstart has been a trailblazer when it comes to using AI in lending. They were the first fintech lender to make it a core part of their offering.

Today, the company announced that they had added a programmable payments feature to their private permissioned blockchain-based JPM Coin.

Zelle has started refunding imposter scam victims, after years of banks questioning their responsibility to do so.

For some time Fnality has focused on the development of a wholesale payments system built on blockchain. Today, they closed a funding round to help launch.

The Israel-Palestine conflict rages on, and for many fintech workers in Tel Aviv, life has had to continue through the chaos.

Yesterday, the SEC announced that it is suing Kraken for operating as an unregistered securities exchange. This follows similar actions in June against the two largest crypto exchanges, Coinbase and Binance.

The OpenAI story was eclipsed yesterday by monumental news in the world of crypto. The world's largest crypto exchange, Binance, has agreed to pay $4.3 billion in fines to the U.S. government for violating anti-money-laundering requirements. 

Bhardwaj had reportedly held senior technology positions at various large banks including Citi, Fifth Third and Huntington. The trouble is those banks had no records of Bhardwaj ever being an employee let alone a senior technology executive.