Fintech Business Weekly

Fintech Business Weekly provides in-depth analysis on trends and developments within the fintech, banking, and regtech sectors, focusing on regulatory changes, legal challenges, market dynamics, technological innovations, and financial institutions' strategic responses to the evolving landscape of digital finance.

Regulatory Changes and Compliance Banking and Fintech Partnerships Legal Disputes in Fintech Financial Technology Innovations Market Trends and Funding in Fintech Consumer Protection and Financial Services Digital Banking and Payments Credit and Lending Practices Artificial Intelligence in Financial Services Data Privacy and Security

The hottest Substack posts of Fintech Business Weekly

And their main takeaways

Affirm's Earnings: Funding Costs Soar 223% Year Over Year

126 implied HN points • 28 May 23

Affirm's funding costs increased by 223% year over year due to rising rates and increased funding debt.
Affirm's revenue saw a modest increase, with interest income and virtual card revenue offsetting declines in other areas.
Households are facing declining financial well-being, with expenses outpacing income and savings dwindling.

Breaking: Lineage Hit With FDIC Consent Order

2 HN points • 23 Feb 24

💰 Finance Banking Regulation Fintech Risk management Compliance

Lineage Bank faced regulatory issues with the FDIC due to oversight failures in its banking-as-a-service partnerships.
The consent order from the FDIC requires Lineage Bank to make significant changes in its management, risk assessment, and operational practices.
The impact of Lineage Bank's BaaS wind down and the FDIC order on Synapse, Synctera, and their fintech clients is not yet clear.