FinTechs

Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
October 22, 2024  |  Bank Regulation

Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts....

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BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules
BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules
October 21, 2024  |  Buy Now Pay Later

The suit filed last week seeking to stop a new rule from the Consumer Financial Protection Bureau (CFPB) governing buy now, pay later (BNPL) loans...

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Evolve to Return Funds to Synapse Brokerage End Users
Evolve to Return Funds to Synapse Brokerage End Users
October 20, 2024  |  Banking

Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by...

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British FinTechs Tell Government That Regulations Are Stifling Growth
British FinTechs Tell Government That Regulations Are Stifling Growth
October 13, 2024  |  Regulation

A group of U.K. FinTechs has reportedly met with the country’s government with concerns about growth limits. Get the Full Story Complete the form to...

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FinTech IPO Index Gains 0.4% as SoFi and MoneyLion Offset Chinese Stock Plunge
FinTech IPO Index Gains 0.4% as SoFi and MoneyLion Offset Chinese Stock Plunge
October 11, 2024  |  Fintech Investments

The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the...

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Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
October 09, 2024  |  Bank Regulation

A relatively obscure corner of the banking sector is being thrust into the spotlight — and the Federal Deposit Insurance Corp. may change the ways in...

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FinTech IPO Index Sinks 6.3% as Asia Soars but BNPL Firms Decline
FinTech IPO Index Sinks 6.3% as Asia Soars but BNPL Firms Decline
October 04, 2024  |  Fintech Investments

Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough...

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FinTechs and FIs Find Common Ground on Scaling Real-Time AML Compliance
FinTechs and FIs Find Common Ground on Scaling Real-Time AML Compliance
October 02, 2024  |  Digital-First Banking

Recent announcements and partnerships have shown core banking’s appeal — not just for traditional FIs, but FinTechs too — as anti-money laundering (AML) efforts must...

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Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
October 01, 2024  |  VISA

After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled...

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