Hacker News with Generative AI: Fintech

Erlang Solutions' Blog round-up (erlang-solutions.com)
The tech world doesn’t slow down, and neither do we. From the power of big data in healthcare to keeping you up-to-date about fintech compliance, our latest blog posts explore the important topics shaping today’s digital world.

Erlang, Technology, Fintech, Healthcare, Big Data

43 points by amalinovic 9 days ago | 0 comments

Stripe's payment API: The first 10 years (2020) (stripe.com)
A few years ago, Bloomberg Businessweek published a feature story on Stripe. Four words spanned the center of the cover: “seven lines of code,” suggesting that’s all it took for a business to power payments on Stripe.

Payments, Business, APIs, Stripe, Fintech

24 points by lispybanana 14 days ago | 2 comments

Fintech founder charged with fraud; AI app found to be humans in the Philippines (techcrunch.com)
Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice.

Fintech, Artificial Intelligence, Fraud, Philippines

500 points by noleary 15 days ago | 230 comments

Solid (formerly Wise) files for bankruptcy (techcrunch.com)
Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7.

Fintech, Startups, Bankruptcy

15 points by otterley 16 days ago | 14 comments

Grab closed an office full of engineers on $300k+ and nobody noticed (efinancialcareers.com)
When Grab laid off 1,000 of its employees in mid-2023, CEO Anthony Tan said the $19bn Singapore fintech was trying to "rebalance [its] resources." Little was revealed about the specifics at the time, including the closure of an expensive office that has slipped under the radar ever since.

Tech Layoffs, Fintech, Singapore, Grab

9 points by teleforce 22 days ago | 1 comments

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

28 points by garyhtou 27 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 31 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 36 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 36 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 41 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 84 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 85 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 86 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 90 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 98 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 115 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 121 days ago | 8 comments

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

Fintech, Banking, Video, Criticism

62 points by mxschumacher 146 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 147 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 148 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_ 154 days ago | 235 comments

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

Finance, Fintech, Economics, Consumer Issues

14 points by twiddling 155 days ago | 5 comments

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

Unified Checkout, Payments, Fintech, Uber, Business

26 points by timbilt 162 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 165 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 185 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 190 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 252 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 268 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 296 days ago | 11 comments

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

Fintech, Venture Capital, Artificial Intelligence, CEO

11 points by petethomas 296 days ago | 2 comments