The top five stories in fintech this week are from the Federal Reserve, Marqeta, Synapse, US Bank and we finally have new CRA rules!
BaaS fintech Synapse is having a rough year. Synapse and its clients need to be removed from Evolve's platform by December 31.
Often marketed as a "force for good," UK fintech's actual impact on issues such as diversity and the climate crisis remains limited.
Fintech Galileo announced an expansion into five new regional markets, driven by an alliance with Mastercard.
The Fed came back with a plan yesterday to debit card fees for merchants. Will it be too much for banks to handle?
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In saturated markets, such as B2C BNPL, differentiators are key to product stickiness. Old-school elements may have a place in some sectors.
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Artificial Intelligence (AI) will foster the most change of any technology Ravi Subramanian has seen in his 25 years in finance because it allows visionaries to dream big.
Yesterday, the official legislation was issued to make the long-awaited adjustment to the CRA, accounting for the digital landscape.
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.
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Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.