Federal Reserve Vice Chairman for Supervision Randal Quarles told an International Monetary Fund forum that he didn’t think ILCs were problematic; applications should be reviewed and granted based on the strength of the application; this is a shift for the Fed as they have said in the past that ILCs were an issue and that Congress should consider cracking down on them. Source.
Fifth Third Bank is still planning to open 100 new branch locations across the Southeast in the next few years;...
Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.
Wall Street financial messaging app Symphony has raised a fresh $165mn of capital valuing the company at $1.4bn; the new...
Investment in Latin American fintech is at an all time high. There is a huge amount of VC money flowing...
Fifth Third Bank CEO says the $167.8bn asset bank does not need to add a digital only offering as they...
Fifth Third Bank has struck a partnership with fintech Fundation to offer small business loans and lines of credit; Fifth...
Financial firms like TD Ameritrade and Ritholtz Wealth Management have found early success in interacting with customers through Amazon’s Alexa...
As more financial services firms beginning using Google, Amazon and Microsoft for cloud based services regulators are starting to take...
One of the primary reasons to not switch your bank is all the hassle that goers with changing direct deposit...