The conviction of Charlie Javice, founder of fintech startup Frank, for defrauding JPMorgan Chase by inflating user numbers has raised serious questions about trust and ethics in the fintech industry. This case exposes vulnerabilities in acquisitions and due diligence processes, sending shockwaves through the sector.
In an exciting new partnership, DoorDash will soon allow users to pay for fast food in installments thanks to Klarna's Buy Now, Pay Later service. This move aims to attract cash-strapped consumers and could revolutionize how we pay for everyday meals.
In a surprising turn of events, banks that once fought against the CFPB are now rallying to protect it from drastic cuts by the Trump administration. As the agency's future hangs in the balance, industry leaders warn of rising competition from unregulated fintech giants.
