The CFPB issued a series of orders to Affirm, Afterpay, Klarna, PayPal and Zip to collect information on the risks associated with BNPL.
Financial banking platform MoneyLion announced today it is acquiring embedded finance marketplace Even Financial for $440 million.
The Office of the Comptroller of the Currency released draft “supervisory principles” for banks with more than $100 billion of assets, saying they should account for weather-related risks. Officials said public feedback on the guidelines will help inform more detailed interagency policy next year.
Following the House Financial Services Committee hearing on cryptocurrency last week, the Senate Banking Committee held a related hearing to discuss the stablecoin market. Entitled Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?, the Senate Banking Committee had a single
Astra and Cross River Bank announced a partnership to launch the first-ever account-to-account (A2A) debit transfer product.
The Pennsylvania bank run by Sam Sidhu is updating its platform to support real-time payments for cryptocurrency companies and will offer embedded finance and banking-as-a-service to fintechs.
The Facebook and Amazon failures remind us that vague talk about networks and clouds and blockchains is no substitute for the kind detailed risk analysis and countermeasure planning that will be required to create the next piece of vital national infrastructure: CBDCs.
After exactly two years since the last in-person event, Bo Brustkern and Peter Renton took to the LendIt keynote stage to welcome hundreds of Latin American fintech and financial services executives.
Just a few years ago, Banking as a Service (BaaS) was a term hardly ever heard in Latin America outside...
As the importance of a robust digital engagement crystallized during the pandemic, some companies were better prepared to make adjustments.