The New York Community Bank saga has occupied the headlines for much of the past month. But the bank may finally be seeing light at the end of the tunnel. Yesterday, NYCB received a $1 billion infusion of capital from a group that included former Treasury Secretary Steve Mnuchin and former OCC head Joseph Otting.

In the new Apple iOS 17.4 update there is a little something for fintech enthusiasts: a new API called FinanceKit. This is another example of Apple edging its way into open banking after last November the company allowed UK users to connect outside accounts.

The CFPB continues its attack on all kinds of junk fees charged by banks. This time they are targeting credit card late fees.

So far this year we have seen so many negative stories about banking as a service. You could be forgiven that BaaS is dying a slow and painful death.

We are almost one year removed from the banking crisis precipitated by the struggles at Silicon Valley Bank. Now, another bank is having its own struggles. New York Community Bank (NYCB) has announced a new CEO and discovered "material weaknesses" in some of its internal procedures.

There is never a dull moment in the Banking-as-a-Service space. Treasury Prime is the latest company to make news in the space.

While AI chatbots have been around for several years, with the rapid AI advances of the past 18 months, they are reaching a new level of usefulness.