FinTechs

CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
July 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has...

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Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
July 12, 2024  |  Bank Regulation

Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts...

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FDIC Warnings on Nonbanks Point to Gaps in Deposit Insurance
FDIC Warnings on Nonbanks Point to Gaps in Deposit Insurance
July 10, 2024  |  Digital Banking

They say there are no guarantees in life. That sentiment applies to financial services — at least depending on where you look, or what promises...

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HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
July 09, 2024  |  Cross-border Payments

Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing...

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How Banks and Big Tech Use AI to Modernize Workflows
How Banks and Big Tech Use AI to Modernize Workflows
July 02, 2024  |  artificial intelligence

Unlocking operational leverage is the name of the game for today’s businesses. In the face of ongoing macroeconomic uncertainty, controlling for what is controllable while...

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Dem Senators to Synapse: Let Customers Access Deposits
Dem Senators to Synapse: Let Customers Access Deposits
July 02, 2024  |  Politics

Four Democratic U.S. Senators have a message for bankrupt FinTech Synapse: Let your customers get access to their deposits. The four senators — Senate Banking...

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Acquisitions Dominate FinTech IPO Headlines as Index Climbs 2.2% for the Week
Acquisitions Dominate FinTech IPO Headlines as Index Climbs 2.2% for the Week
June 28, 2024  |  Fintech Investments

The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One...

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Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
June 21, 2024  |  Bank Regulation

For the banking as a service (BaaS) firms, the Synapse bankruptcy, the cease-and-desist order against Evolve, and the wait for regulatory clarity are all proving...

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Meet the 27 Million Americans Who Drive 8% of Consumer Spend but Struggle to Pay Their Bills
Meet the 27 Million Americans Who Drive 8% of Consumer Spend but Struggle to Pay...
June 21, 2024  |  Consumer Insights

The big consumer news last Friday was that the University of Michigan’s June Consumer Sentiment Index hit a seven-month low. Many scratched their heads, particularly...

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