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USA

·Jun. 6, 2019

New Research Examines Biggest Threat to Banks

Tearsheet asked 107 financial professionals from traditional financial institutions and fintechs who is the biggest threat to banks in consumer...

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Fintech News Roundup USA

·Apr. 17, 2018

New Resource Bank Partners with P2Bi

New Resource Bank has been offering asset based loans through a partnership with P2Bi and the agreement could help to establish a template for smaller banks working with fintechs; the partnership is a win-win for P2Bi with more leads and the bank as they get to more efficiently work through customer relationships that might normally take more time and energy than it would be worth. Source.

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Fintech News Roundup USA

·Mar. 1, 2018

New Samsung Galaxy S9 could be a Game Changer for Facial Recognition

Samsung’s new Galaxy S9 is marketed as having a better camera and can take clear pictures in low light; the technology could solve one of the bigger facial recognition issues which is poor quality pictures in low lighting; thus far banks have been slow to adopt the new technology as they have yet to be comfortable wit the way it currently works; with Samsung and Apple continuing to improve their cameras and a younger generation of customers increasing, facial recognition will soon be an important piece for all banks. Source.

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Fintech News Roundup USA

·Dec. 5, 2017

New SEC Cybersecurity Unit Shuts Down ICO Scam

The new unit at the SEC was started in September to focus on potential illegal activities in the digital currency market; the ICO that was shut down promised returns of 1,000 percent; the SEC filed charges against Dominic Lacroix who they claim was trying to raise $15mn from thousands of investors. Source.

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Fintech News Roundup USA

·Aug. 18, 2017

New SEC Request for Bitcoin ETF Approval

Currently reconsidering the Winklevoss brothers' ETF proposal, the SEC has now received another approval request for a bitcoin ETF; investment manager VanEck has submitted a prospectus to the SEC for a bitcoin-related ETF; the fund differs from previous funds, with its investments based on derivatives of bitcoin; VanEck is seeking to list the fund on the Nasdaq and says it will also include conventional investments such as US Treasury bonds and cash for risk diversification. Source

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Fintech News Roundup USA

·Jan. 9, 2019

New Security Threats Surround Open Banking, Faster Payments

According to cybersecurity company BioCatch, new market trends such as faster payments and open banking are introducing new security threats to corporate...

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Fintech News Roundup USA

·Mar. 20, 2020