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- Anthropic Sees Clients Step Back Following Government BanAnthropic says it could lose billions of dollars due to a government ban on its services. The artificial intelligence (AI) startup made that argument in a court hearing Tuesday (March 10) as it tried to get a judge to lift the Pentagon’s supply-chain risk designation on the company, Bloomberg News reported. That designation came last month amid […] […]
- The Next Battle in Credit Won’t Be for Top of WalletThe credit industry has spent decades competing for something consumers were never actually optimizing for. Top of wallet. Issuers built elaborate rewards architectures to win it. Travel points. Cash back ladders. Category bonuses. Limited time offers designed to nudge one card ahead of another in the consumer’s mental stack. But the data tells a […] […]
- Upstart Seeks Regulatory Blessing to Become a BankDigital lender Upstart has become the latest U.S. FinTech seeking a banking charter. The company announced Tuesday (March 10) that it had applied to federal banking regulators the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to establish an insured national bank. The personal loan platform also […] […]
- Virtual Cards Target Europe’s Business Payments BottleneckWatch more: Need to Know With Boost Payment Solutions’ Rene Stynen At first glance, Europe appears to have solved one of modern finance’s most stubborn problems: moving money. Compared with the United States, where legacy systems have historically slowed transfers, Europe’s payment rails are widely regarded as efficient and mature. But the biggest bottleneck […] […]
- AI Forensics Takes Aim at Compliance GridlockWatch more: Digital Shift With Flagright’s Madhu Nadig Scale is fast becoming a central challenge in financial crime compliance. As digital payments expand and real-time transactions accelerate, the number of alerts generated by fraud detection and anti-money laundering (AML) systems has surged beyond what human analysts can reasonably and cost-effectively investigate. The result is […] […]
- TomoCredit Sues Fintech JournalistTomoCredit, a company that identifies itself as “a software company providing a suite of software solutions designed to support financial literacy,” has filed a lawsuit against a fintech journalist named Jason Mikula for defamation and libel. Mikula operates Business Fintech Weekly, a widely read newsletter in the fintech space. TomoCredit alleges it has suffered damages […]
- California Bill Asserts Businesses Generating Up to $18 Million/Year in Sales Need Consumer ProtectionsCalifornia’s AB2116 is proposing to amend the state’s Consumer Financial Protection Law and declare that small businesses generating less than $18 million a year in revenue be considered a consumer for the purpose of consumer financial protections. “Small businessâ€� means a business entity organized for profit with annual gross receipts of no more than sixteen […]
- Lending Tree: “The merchant cash advance market is a strong market that is growing”“The merchant cash advance market is a strong market that is growing,” said Lending Tree CFO Jason Bengel during the company’s Q4 earnings call. Small business financing has become an increasing priority for the financial services referral platform. “…we have continually invested in additions to our small business concierge sales force, allowing us as well […]
- Lending Tree: LLM Referrals Are Very “High-Intent Consumers”During Lending Tree’s Q4 earnings call, CEO Scott Peyree echoed the same conclusion on LLMs that was uttered by rival NerdWallet, that LLM referrals convert better than normal search referrals. “There are a number of fronts we are working on there,” said Peyree. “There is obviously the SEO front where you are getting referenced by […]
- Trigger Leads Law to Go Into Effect March 4, 2026On March 4, the national “trigger leads” law will go into effect. Scott Peyree, the CEO of Lending Tree, recently shared this explanation of trigger leads on the company’s Q4 earnings call. “For those that do not know the trigger leads, the very basic version of that is when, for example, we develop a lead […]