Are NFTs dead? Making sense of the recent market crash

10-Q, Member Exclusive

Chime is turning a seven-year-plus bank partnership into vertical integration

• Chime is bringing banking in-house with its $590 million acquisition of Stride, gaining control over the charter, infrastructure, and economics behind its growing product suite.
• The neobank is also betting that tighter connections across payments, credit, liquidity, and investing can make the broader platform more valuable.

Lending, Member Exclusive, Payments

Affirm wants its data to tell a more complete customer story

• Affirm is mining its data for a better read on borrowers with its new transformer-based underwriting model.
• By extracting new signals from existing data, the BNPL firm is betting that its transaction-level view of consumers can become a competitive advantage in its own right.

Business of Fintech, Member Exclusive

NVIDIA, Revolut, and Citi are facing questions their old playbooks can’t answer

• NVIDIA, Revolut, and Citi are facing new questions around AI safety, going public, and cybersecurity as their businesses evolve.
• Scale is raising the stakes around how each company operates, protects, and grows.

Banking, Member Exclusive, New banks

Nubank intends to paint the U.S. banking system purple

• Nubank just launched in the U.S. with 3.50% savings, a no-fee credit card, and free international transfers, its bid to crack the toughest banking market.
• The purple card conquered Brazil by ditching fees and serving millions banks ignored. Now Nubank bets that the playbook works on Americans too.

10-Q, Member Exclusive

Fiserv is reworking the infrastructure behind modern banking

• Fiserv is unwinding years of accumulated technology complexity, with CEO Takis Georgakopoulos focused on consolidating platforms and improving execution.
• The challenge is making Fiserv’s sprawling infrastructure work better, with its scale and installed base giving it plenty to protect but also raising the stakes of getting the overhaul right.