Hacker News with Generative AI: Fintech

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 21 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 21 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 22 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 26 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 35 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 51 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 57 days ago | 8 comments

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

Fintech, Banking, Video, Criticism

62 points by mxschumacher 82 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 83 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 85 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_ 91 days ago | 235 comments

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

Finance, Fintech, Economics, Consumer Issues

14 points by twiddling 91 days ago | 5 comments

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

Unified Checkout, Payments, Fintech, Uber, Business

26 points by timbilt 98 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 101 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 122 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 127 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 188 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 204 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 232 days ago | 11 comments

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