fintech News

House Panel Says Lax Screening Helped Facilitate PPP Fraud

WASHINGTON (AP) — Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic, a report by a House investigations panel …

Lessons from Fintech Applied to Insurtech

I’ve seen this story before. Having worked in fintech since 2005, I witnessed the fintech wave forming, cresting, and eventually crashing into the financial ecosystem. If there is a fraternal twin to banking, it’s the insurance industry. Both industries are …