I just got a note about how email marketing is essential for financial services firms. Really? Email is dead. Email began in the 1980s, and spread rapidly. I learned very early on about the dangers and opportunities of emailing. Specifically, my then boss told me to cancel a programme that the US bosses had endorsed….…

I just got a note about how email marketing is essential for financial services firms. Really? Email is dead. Email began in the 1980s, and spread rapidly. I learned very early on about the dangers and opportunities of emailing. Specifically, my then boss told me to cancel a programme that the US bosses had endorsed….…

Welcome to TechCrunch Fintech (formerly The Interchange)! We’re back after a brief hiatus, and I can tell you that judging by the volume of pitches I received last week, venture investing in the fintech space is definitely picking up. This week, we’re looking at Plaid’s latest step toward an IPO, one BNPL company’s financial results,…

Nvidia Corp.’s stock has rallied so much this year that it’s now threatening to overtake Amazon.com Inc. to become the fourth most valuable US company. Having added nearly Tesla Inc.’s entire market capitalization in the past two months alone, Nvidia is worth $1.74 trillion, just shy of Amazon at $1.77 trillion. Google-owner Alphabet, the third…

Buy now, pay later provider Affirm reduced overall operating expenses for the fourth consecutive quarter as operational efficiency and consumer growth remained a priority.  Tech and data analytics spend, which totaled $59 million during the quarter, was down 32% year over year, according to Affirm’s earnings supplement for the fiscal second quarter, which ended Dec.…

Banks are identifying uses for generative AI and finding ways to make it effective and responsible.  According to a Dec. 11 report by consulting giant EY, 100% of respondents said they are either already using or plan to use generative AI within their institutions. The report surveyed 300 executive directors, managing directors or higher at…

PayPal will invest in a new app to launch in 2024 alongside a new strategy to drive engagement with better consumer experiences like AI-driven shopping.  “Redesigning our app and creating improved, frictionless onboarding paths are tangible ways that we plan to drive higher penetration,” Chief Executive Alex Chriss said during PayPal’s fourth-quarter earnings call. Chriss…

Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows.   In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. 3 newsletter from Frank McKenna, chief strategist for AI-driven fraud detection platform Point Predictive. As consumers lean into…

We need global regulation of all technology … but can we? Building on yesterday’s piece, there is a call in many circles for the global regulation of Big Tech. In fact it goes far further than Big Tech. It’s a call for regulating everything online. From cryptocurrencies to social media to artificial intelligence … it……

Things we’re reading today include: ‘I lost my house, I lost all my money’: the retiree taking on the banks over crypto fund loss | HyperVerse | The Guardian Minister warns over a ‘computer says no’ stance to buy now, pay later (msn.com) Burnley’s Bank of Dave nominated for Hollywood award | Lancashire Telegraph Regulating……