An American Banker op-ed argues that the Community Reinvestment Act (CRA) does not need a complete overhaul; instead just some...
UK-based Redwood Bank has launched digital banking services after obtaining a banking license for business in the UK; Redwood Bank is the first bank with a 100% cloud-based infrastructure and will offer SME mortgages for business owners and professional landlords as well as a 35-day business savings account; Redwood Bank is wholly-owned by Redwood Financial Partners Ltd. which is controlled primarily by Warrington Borough Council with a 33% ownership stake; the newly launched bank is covered by the UK's Financial Services Compensation Scheme (FSCS) which protects customers' eligible deposits of up to a total of GBP85,000 ($109,846). Source
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Antitrust investigators are scrutinizing financial incentives Visa gave to Square, Stripe and PayPal.
Banks’ Days May Be Numbered Thanks To Digital Wallets Plaid’s Niko Karvounis: ‘Connectivity is a foundational element of digital finance’...
While the Federal Reserve has said they will pour virtually unlimited amounts of capital into the mortgage-backed securities market there...
DailyPay, featured in TIME's "Best Inventions of 2021," today announced their one-of-a-kind digital wallet solution. DailyPay's digital wallet solution is designed for everyday working Americans, many of whom are facing unprecedented financial challenges with the resurgence of the pandemic.
Credit Sesame has made its first acquisition that will solidify its position as a fintech banking platform; the company known...
Scammers are stealing users content on social media to create fake Instagram accounts to lure in victims by promising huge returns on cryptocurrency.
Prosper recently published their third quarter results; the company grew originations 6% from the previous quarter to $821 million; reported a net loss of $26.9 million largely due to non-cash charges related to warrants as part of the consortium deal announced this year. Source