Cross River Intelligence Archives

Greetings, Fed raises rates another 0.75%. Coinbase under investigation for unregistered securities. Kraken may have violated Iran sanctions. Mahalo Banking raises $20Mn. Wealth management loans grow. Credit union sues Apple. Shopify trims workforce. In case you missed it, we released a special edition of our newsletter this past Thursday: summarizing the latest BNPL models, covering new en ...

Happy Thursday everyone! We come to you today with a special edition of the newsletter. Due to the changing times and BNPL space, we wanted to provide an update to our Q3 BNPL Distribution Models framework, summarize the latest BNPL models, cover new entrants to the space, and examine emerging risks. As we face a potential recession, BNPL has continued to remain highly relevant, despite mar ...

Greetings, Interest rates continue to climb, and home price increases slow. CFPB pushes banks on Zelle fraud. X1 card raises $25Mn. WebBank commits $250Mn to Avant facility. Mastercard expands startup programs. Affirm partners with SeatGeek. Lenders deploy “fairness-as-a-service.” Industry participant outlook in Vegas this week at SFVegas 2022 was tempered at best. Investors con ...

Greetings, Inflation hit a new high. CBDCs and crypto remain top of regulators’ minds. Focus on overdrafts continues. CFPB sues Ace Cash Express. Kadmos raises $29.5Mn. Klarna confirms lower valuation. Upstart says funding “constrained.” Cross River teams with SmartBiz. New here? Subscribe here to get our newsletter each Sunday. Inflation at 9.1% as Economic Risks Inten ...

Greetings, Despite continued negative economic news, unemployment remains low. Commodity prices fall. Another 75 bps rate hike in the works? CFPB terminates Payactiv sandbox approval. Fed seeks new regional presidents. Tax startup April raises $30Mn. Commercial depositors want higher rates. Klarna valuation sinks lower. Openpay exits the U.S. Partnership enables community bank credit cards. ...

Greetings, The Fed’s focus is on getting inflation under control, even if that risks a recession. Zelle class-action suit dismissed. FTC sues Walmart over money transfer fraud. EWA platform Tapcheck raises $20Mn. Goldman leading group that may buy Celsius’ assets. FTX and BlockFi announce deal, with option to acquire. NerdWallet acquires On the Barrelhead. Amount lays off 18% of st ...