There’s no debate that rising interest rates will improve banks’ lending profitability. But the assumption that a higher cost of funds will unduly penalize fintechs—swinging the lending tide back to the banks—ignores a few realities.

Credit Kudos becomes the latest European open banking startup to be snapped up by a US acquirer.

Capitolis, which is building new tech to address how money is moved around in the capital markets to speed up and simplify how banks transact with each other, has raised $110 million, a Series D that the U.S./Israeli company said values it at $1.6 billion. This latest round brings the total raised by the startup to $280 million.

Multinational corporate card startup Jeeves has raised a $180 million Series C at a $2.1 billion valuation. Now, the fintech is branching into debt and more to make itself the go-to bank for startups.

ClearBank — a UK fintech that has built a new set of cloud-based financial rails that allows banks and other customers real-time clearance on payment transactions and other financial services — has closed a big round of funding, money it will be using to take its services beyond its home market and move into newer […]

Private and public markets are taking a more cautious approach towards valuing fintechs, as the recent market sell-off coupled with macro headwinds are raising concerns.

The Bank for International Settlements worked with central banks in Australia, Malaysia, Singapore and South Africa to create CBDC settlement prototypes.

Using technical language and jargon ultimately makes the fintech sector less user-friendly to merchants, less transparent to consumers and less accessible to young people who want to join our industry.

Women occupy less than a third of the top management positions at Europe’s challenger banks — that’s even worse than the old banks they’re meant to be replacing.