A recent enforcement action by the Federal Reserve taken against Customers Bancorp and its Customers Bank subsidiary has taken note of the risks and challenges inherent in handling digital assets — and faster payments, too. In the action, announced on Thursday (Aug. 8) and signed...
In FinTech news today, big investments gave small firms supersized valuations and even birthed a happy new unicorn following Happy Money’s latest funding round. GoCardless bagged $312 million and HubPay notched $20 million in its first funding post-seed. On the FinTech innovation front, merchants will...
Digital FinTech Customers Bank on Tuesday (Feb. 8) announced the launch of a financial institutions group (FIG), which will serve securities broker dealers, future commissions merchants, market makers, liquidity providers, insurance companies, trust companies and financial institutions. Customers Bank also hired Brandon Troster as senior...
Customers Bank, the multi-billion-dollar subsidiary of Customers Bancorp, Inc., and blockchain-based digital payment provider Tassat Group Inc. on Tuesday (Oct. 19) announced the debut of a real-time payments platform for B2B clients. The collaboration means customers will be able to make and accept instant payments,...
August 12, 2024
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token […]
August 09, 2024
A recent enforcement action by the Federal Reserve taken against Customers Bancorp and its Customers Bank subsidiary has taken note of the risks and challenges inherent in handling digital assets...
February 08, 2022
Digital FinTech Customers Bank on Tuesday (Feb. 8) announced the launch of a financial institutions group (FIG), which will serve securities broker dealers, future commissions merchants, market makers, liquidity providers, insurance companies, trust companies and financial institutions. Customers Bank also hired Brandon Troster as senior vice president, banking group head, to lead the Broker Dealer […]
October 19, 2021
Customers Bank, the multi-billion-dollar subsidiary of Customers Bancorp, Inc., and blockchain-based digital payment provider Tassat Group Inc. on Tuesday (Oct. 19) announced the debut of a real-time payments platform for...
