931 Jobs Gone 💣

PLUS: Illinois Credit Union 1 taps nCino for cloud lending push ☁️

March 28, 2025

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

  • Block axes 931 employees to "stay lean" 🔪

  • Illinois Credit Union 1 taps nCino for cloud lending push ☁️

  • What fintech leaders are really thinking this week 🤫

  • Must-watch fintech events coming up 📅

Source : Yelp

 Illinois Credit Union 1 teams up with tech firm nCino to upgrade its lending system and expand across the U.S.

🚨Breaking News
Illinois Credit Union 1 is using nCino’s cloud lending tech to boost loan services and power its national expansion.

⚡Wire Simplified

  • nCino is a cloud-based platform that makes lending faster and easier.

  • Credit Union 1 is based in Illinois and wants to grow beyond its home turf.

  • The new system helps process personal and auto loans much quicker.

  • It’s all about faster approvals, fewer papers, and happier customers.

  • The upgrade also prepares them for nationwide competition.

✔️Straight to the Point
Illinois Credit Union 1 is gearing up for national growth with nCino’s tech — aiming for quicker loans and a bigger footprint.

Would you prefer your credit union to go digital for faster services?

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Source : Payments Dive

Block (you know, the company behind Square and Cash App) is laying off nearly 1,000 employees to cut costs and stay lean.

🚨Breaking News
Block is laying off 931 workers, continuing its cost-cutting strategy to keep the company "smaller and more efficient."

⚡Wire Simplified

  • Block runs Square, Cash App, and other fintech tools.

  • CEO Jack Dorsey wants fewer layers and more focus.

  • The layoffs affect all departments, from product to legal.

  • This follows earlier job cuts and comes after a hiring freeze.

  • Block now has around 12,000 employees — and counting down.

✔️Straight to the Point
Block’s trimming its workforce to stay agile, but the constant layoffs may raise eyebrows about its long-term growth story.

Fintech Talents North America 2025
Fintech Talents North America is the ultimate FinTech event for credit unions, community banks, financial institutions, and FinTechs from across North America. The event offers networking opportunities, workshops, and discussions on the latest trends in FinTech.
Date: September 2–3, 2025 | Location: New York, NY, USA

24 Fintech 2025
24 Fintech is a global FinTech movement that sets the stage for the next chapter in financial technology. The event brings together industry leaders to discuss the future of FinTech, including topics like digital currencies, AI, and open banking.
Date: September 2025 | Location: Riyadh, Saudi Arabia

Fintech Week London 2025
Fintech Week London is a week-long event that brings together FinTech leaders, startups, and investors to discuss the latest trends and innovations in the industry. The event features conferences, workshops, and networking opportunities.
Date: July 7–11, 2025 | Location: London, UK

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Fintech Wire News. 

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