Hacker News with Generative AI: Fintech

Show HN: We open sourced a $50M neobank (hackclub.com)
Hack Club launched HCB in 2018 to enable hackathons to raise and spend money through fiscal sponsorship.

Open Source, Fintech, Banking, Hackathons

25 points by garyhtou 4 days ago | 4 comments

931 Laid off at Block (Formerly Square) based on performance (techcrunch.com)
Fintech Block laid off 931 people, roughly 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen by TechCrunch.

Fintech, Layoffs, Business, Technology

15 points by darth_avocado 8 days ago | 4 comments

DoorDash and Klarna signed deal where customers can pay for food in installments (unusualwhales.com)

Fintech, Food Delivery, Payments, Partnerships

9 points by nradov 12 days ago | 8 comments

DoorDash Offering Payment Plans for Food Delivery Sparks Backlash (newsweek.com)
DoorDash is teaming up with Klarna to introduce a "buy now, pay later" option for food delivery, allowing customers to split their purchases into four interest-free payments.

Fintech, Food Delivery, Consumerism, Business

44 points by ferguess_k 13 days ago | 102 comments

Tell HN: Wise makes all user phone email and name data discoverable by default (ycombinator.com)
Wise makes all user phone email and name data discoverable by default

Privacy, Data Security, Fintech, User Data, Wise

18 points by wise-throwaway 18 days ago | 0 comments

Emerging AI Agent Architecture for Fintech with DeepSeek Foundation Models (ycombinator.com)
Folks, we're defining a new AI Agent architecture for Fintech to support different foundation models.

Fintech, Artificial Intelligence, Foundation Models

5 points by harishmaiyags 61 days ago | 0 comments

CFPB Orders Wise to Pay $2.5M for Illegal Remittance Practices (consumerfinance.gov)
The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.

Financial Regulation, Remittance, Consumer Protection, Fintech

7 points by impish9208 62 days ago | 0 comments

Show HN: Masterkey – A TurboTax-like platform for self-service home buying (trymasterkey.com)
Save $12,400 and Buy Your Home with Confidence using Masterkey's AI-powered platform

Real Estate, AI, Fintech, Software, Personal Finance

14 points by giulioco 62 days ago | 0 comments

No one is disrupting banks – at least not the big ones (popularfintech.com)
The largest U.S. banks just reported their fourth quarter and full-year 2024 results. And you know what? Banks are doing really well. This made me realize that, unfortunately, despite almost 30 years of trying, Fintech companies have not disrupted banks. At least, not the big ones.

Finance, Banking, Fintech

232 points by kazanins 66 days ago | 433 comments

CFPB Orders Operator of Cash App to Pay $175M and Fix Its Failures on Fraud (consumerfinance.gov)
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund.

Financial Regulation, Fintech, Consumer Protection, Fraud

4 points by cbrozefsky 75 days ago | 0 comments

Lawsuit:PayPal Accused of Poaching Commissions Via Its 'Honey' Browser Extension (law.com)
Fintech giant PayPal was hit with a proposed class action on Sunday for allegedly pocketing sales commissions belonging to YouTube influencers for promoting products and services in their content.

Fintech, Lawsuits, Class Action, E-commerce, YouTube

5 points by xbmcuser 92 days ago | 0 comments

Creem: The payment platform that calls BS on hidden fees (shipandsip.substack.com)
Co-founders Gabriel and Alec are two builders from the blockchain & crypto space who decided to reshape fintech for small indie entrepreneurs and startups.

Fintech, Startups, Payment Platforms, Blockchain, Crypto

9 points by John_McT 98 days ago | 8 comments

Yotta Bank and the Problem with Fintech (Patrick Boyle) [video] (youtube.com)

Fintech, Banking, Video, Criticism

62 points by mxschumacher 123 days ago | 61 comments

Formance – The Color of Money: Towards a New Data Model for Fintech, Part II (formance.com)
Earlier, we discussed the concept of promises, and how fintechs should see themselves as being in the business of managing warehouses of promises, that is, managing promises between banks and clients on their behalf. But because promises are non-fungible, warehousing will require a new ledger semantics, one that will ultimately make auditing transactions easier and that provides greater protection for customers and other fintechs in the value chain.

Fintech, Data Models, Auditing, Promises, Ledger Semantics

9 points by lifeisstillgood 124 days ago | 6 comments

Engineers do not get to make startup mistakes when they build ledgers (alvaroduran.com)
Not losing track of money is the bare minimum for fintech companies.

Fintech, Startups, Software Engineering

590 points by fagnerbrack 125 days ago | 551 comments

Americans see their savings vanish in Synapse fintech crisis (cnbc.com)

Financial Crisis, Fintech, Savings, Economics, United States

258 points by hunter2_ 131 days ago | 235 comments

Americans see their savings vanish in Synapse fintech crisis (cnbc.com)

Finance, Fintech, Economics, Consumer Issues

14 points by twiddling 131 days ago | 5 comments

Unified Checkout: Streamlining Uber's Payment Ecosystem (uber.com)

Unified Checkout, Payments, Fintech, Uber, Business

26 points by timbilt 139 days ago | 1 comments

Cash App migrated 400TB of data to PlanetScale's cloud (planetscale.com)
Cash App's move to PlanetScale resulted in streamlined database operations, improved performance, and reduced operational overhead.

Cloud Computing, Database Management, Software, Fintech, Case Study

50 points by mschoening 141 days ago | 14 comments

Stripe Confirms Plans to Acquire Stablecoin Platform Bridge (bloomberg.com)
Stripe Inc. co-founder and Chief Executive Officer Patrick Collison confirmed in a X post on Monday that the payments company plans to buy stablecoin startup Bridge.

Stripe, Fintech, Cryptocurrency, Acquisitions, Stablecoins

4 points by thesecretceo 162 days ago | 1 comments

Stripe in talks to acquire Bridge for $1B (techcrunch.com)
Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes.

Stripe, Acquisitions, Fintech, Crypto

14 points by pseudolus 167 days ago | 9 comments

Ask HN: Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC? (ycombinator.com)

Fintech, Payment Processing, Fees, Online Payments

257 points by OnuRC 228 days ago | 359 comments

Venmo and Zelle May Not Be Free for Much Longer (bloomberg.com)

Finance, Payment Processing, Fintech, Business

15 points by cwwc 244 days ago | 19 comments

Thousands ofAmericans got caught in fintech and lost access to bank accounts (cnbc.com)

Fintech, Banking, Consumer Issues, Financial Technology

32 points by ValentineC 272 days ago | 11 comments

Revolut CEO Storonsky Builds Side Bet to Disrupt Venture Capital with AI (bloomberg.com)