Revenue potential and competitive pressure beckon to card issuers, but Fitch Ratings warns of credit risks in this trendy product.
Cryptocurrency exchange Binance was victims of what the CEO called a well orchestrated large scale security breach; more than $40mn...
Some payment providers like Square have been in the news recently for the increases in withholdings during the crisis; Square...
The worst week in SoFi‘s history is coming to an end. The company announced today that Mike Cagney has stepped down as CEO effective immediately. This follows the news on Monday that Cagney would be stepping down as CEO by the end of the year. But the bad news this week kept escalating and the board decided it needed to take action now. Source.
According to a new report by Accenture and McLagan, which is part of Aon Hewitt a business unit of Aon plc, blockchain technology could reduce infrastructure costs for eight of the world's 10 largest investment banks by an average of 30%, translating to $8 billion to $12 billion in annual cost savings for those banks; key figures include a 70% cut on central finance reporting, a 50% cut on business and central operations, and a 50% cut on compliance. Source
A letter from the Office of the Comptroller of the Currency stated that bank custody services, which have long been...
Digital banking has been a big positive for the financial services industry, though it has opened companies to greater cyber...
The largest crypto-tracing firm is spinning up “Government Solutions” for agencies.
Samir Desai has landed $30m for a mysterious new venture in the payments space....
In the Financial Health Network's recent report it was found economic conditions are "disproportionately" affecting vulnerable households.