FedNow will expose fintech’s gaps: Compliance-by-design can help banks avoid risk

The best financial technologies will be those created through the lens of regulatory limitations — a compliance by design approach.

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6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+. You see, insurtech startups often need to take into account the myriad rules and regulations in place when they seek to innovate and embed insurance into products, which might make it difficult to pull it off. And given the current emphasis on achieving cost efficiency to extend runways in the broader startup ecosystem, it appears investors are open to insurtech startups that can build a sustainable business model, regardless of it including embedded insurance. “Insurtech startups that do not offer embedded insurance, and rather provide other innovative solutions will still attract VC funding this year, especially if they can show cost-efficient and sustainabl...

Apple tvOS 16.4 update gives light-sensitive users a ‘Dim Flashing Lights’ feature

Apple released the tvOS 16.4 update to the public yesterday, bringing various improvements to the system, including a new “Dim Flashing Light” feature. The new accessibility option can detect flashes of light or strobe effects and then automatically dim the display of a video. The “Dim Flashing Light” feature is notable a s it will likely benefit Apple TV users with light sensitivity or, possibly, users with epileptic seizures. According to the Epilepsy Foundation , 2.7 million Americans have epilepsy, and approximately 3-5% of them are photosensitive. Photosensitive epilepsy is when seizures are triggered by flashing lights, patterns or color changes. Flashing lights can also cause headaches and migraines. The tvOS update is available for the Apple TV 4K and Apple TV HD. It can be installed manually by going to “Settings,” “System” and then “Software Update.” If your Apple TV is set to update automatically, then it should be downloaded already. The other updates weren’t as signi...

Ivella is the latest fintech focused on couples banking, with a twist

Money can make people moody. There are layers of privilege, or lack thereof, that can make even the simplest conversation about bills feel like baggage to deal with. Translate that discomfort to relationships and it can feel like an awkward — and fragmented — dance on who pays which bill when (and how). Ivella , a Santa Monica-based startup, wants to build banking products for couples to take away some of these tensions. Led by CEO and co-founder Kahlil Lalji , the startup is launching with a split account product that just raised $3.5 million in funding from Anthemis, Financial Venture Studio and Soma Capital. Other investors include Y Combinator, DoNotPay CEO Joshua Browder and Gumroad CEO Sahil Lavingia. Lalji, who helped creators with digital content before jumping into the world of fintech, says that the startup was born out of his own frustration at the expectation that couples would just use Venmo unless they were married. The best solution, so far, has been joint accounts...

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