Latest

Banking

Anonymous hacker in front of his computer. | iStock photo

·Oct. 25, 2023

Global financial crime compliance costs analyzed in LexisNexis Risk Solutions study

The digital banking shift, digital payments, cryptocurrencies and artificial intelligence (AI) are critical factors behind escalating global financial crime compliance costs that exceed $200 billion. Those are among the findings in LexisNexis Risk Solutions’ True Cost of Financial Crime Compliance Study for 2023.

Read Full Story

·Oct. 25, 2023

How Increased Access to Data could level the playing field for Community Banks

Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.

Read Full Story

LatAm

·Oct. 24, 2023

Brazil’s Pagbank hits 30M clients, claims a spot among LatAm’s largest neobanks

Pagbank reported 30 million customers, a 19% increase from 24.8 million a year earlier, now among Latin America's largest neobanks.

Read Full Story

Open Banking

·Oct. 19, 2023

CFPB Proposes Rule to Accelerate Open Banking

In a long awaited move, the CFPB proposed a rule to improve consumer access to their financial data and drive the shift to open banking.

Read Full Story

Banking

·Oct. 19, 2023

Banking (R)evolution: A New Wave of Digital Banking in the Caribbean

Financial innovation is happening all around the world and the Caribbean is no exception. With a population of 45 million people it is a rich market for fintech.

Read Full Story

Fintech

·Oct. 18, 2023

The Issue of BaaS Middleware

The popularity of BaaS has grown as businesses opt for a quick API to offer banking products, but it may have a problem.

Read Full Story

LatAm

·Oct. 17, 2023

Neobank Albo taps $40M in series-C round to expand SME products

Digital neobank Albo saw a $40 million investment from U.S. and Mexican venture capital firms to expand SME loans in Mexico.

Read Full Story

asset management

·Oct. 13, 2023

Swift experiments with blockchain but may need a governance shift

Swift released results of new blockchain experiments, but in order to become industry standard for the technology, a shift may be needed.

Read Full Story

Guest Post

·Oct. 11, 2023

How Community Banks Can Grow Their Younger Customer Base

To attract the next generation community banks have their work cut out for them. But there are steps any bank can take to make themselves more attractive to millennial and Gen-Z consumers.

Read Full Story