House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday (Oct. 31) to regulators at the Federal Reserve Board, Office of the Comptroller of the...
Innovation in business-to-business (B2B) payments used to be measured in decades, not years. But now, it can be measured in months — even weeks — as B2B payments undergoes profound transformations. “The three main driving forces are a change in demands and expectations on both the...
There used to be an old radio show that asked about the evil that lurked in peoples’ hearts. “The Shadow knows,” intoned the narrator. We’ll bend that verbiage a bit – who knows what risks lurk at the fringes of the financial sector? The shadow...
The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on banks’ reduced control and visibility into critical financial functions. The statement also provides a roadmap into some of the key...
October 04, 2024
Innovation in business-to-business (B2B) payments used to be measured in decades, not years. But now, it can be measured in months — even weeks — as B2B payments undergoes profound transformations. “The three main driving forces are a change in demands and expectations on both the buyer side as well as the supplier side, the changing […]
October 31, 2024
House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday (Oct. 31) to regulators at the Federal Reserve Board, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corp. (FDIC) responding to […]
April 01, 2024
It’s been well-documented that banks and FinTechs have been collaborating together on financial services innovation, where they once were mainly competitors. But for the banks striking partnerships with these digital-only...
March 04, 2024
PNC has teamed with treasury platform Koxa to debut an embedded banking offering. The integration, announced Monday (March 4), is aimed at PNC clients that use the Workday enterprise resource planning (ERP) system,...
October 23, 2023
America’s regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that saw...
