Latest

Home

Anonymous hacker in front of his computer. | iStock photo

·Oct. 25, 2023

Global financial crime compliance costs analyzed in LexisNexis Risk Solutions study

The digital banking shift, digital payments, cryptocurrencies and artificial intelligence (AI) are critical factors behind escalating global financial crime compliance costs that exceed $200 billion. Those are among the findings in LexisNexis Risk Solutions’ True Cost of Financial Crime Compliance Study for 2023.

Read Full Story

·Oct. 25, 2023

How Increased Access to Data could level the playing field for Community Banks

Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.

Read Full Story

LatAm

·Oct. 24, 2023

Brazil’s Pagbank hits 30M clients, claims a spot among LatAm’s largest neobanks

Pagbank reported 30 million customers, a 19% increase from 24.8 million a year earlier, now among Latin America's largest neobanks.

Read Full Story

Express delivery, e-commerce online purchase concept. Parcel box on mat near front door. 3d illustration

Fraud/Identity

·Oct. 24, 2023

America’s Quiet Epidemic: First-Party Fraud

First-party fraud is rife, costing over $100 billion a year. Many say they're accidental, but data sharing could stop repeat offenders.

Read Full Story

Crypto

·Oct. 23, 2023

Proposed Treasury crypto regulations bring clarity, but questions remain

Proposed regulations recently released by the Treasury Department help bring added clarity to participants in the digital asset economy. But the process is far from over. Investors, centralized crypto exchanges, payment processors, some hosted wallet providers, and some decentralized exchanges are the most affected. Miners, stakers and developers are not impacted.

Read Full Story

Lending

·Oct. 23, 2023

Gig Economy Loan Approvals Could Lie in Income Probability

The UK gig economy is underserved by lenders' traditional affordability assessment. A shift to probability of future income could be key.

Read Full Story

News Roundup

·Oct. 20, 2023

Fintech News Roundup for the Week Ending October 20, 2023

The top five stories in fintech this week as featured on the Fintech Nexus 5 are from CFPB, JPMorgan and Mastercard, The State of New York, The Federal Reserve and Plaid

Read Full Story

Lending

·Oct. 20, 2023

How Risk Teams Can Help Drive Product Innovation

The Chief Risk Officer at Pipe provides new perspective on the collaboration between risk and product teams in fintech

Read Full Story

Open Banking

·Oct. 19, 2023

CFPB Proposes Rule to Accelerate Open Banking

In a long awaited move, the CFPB proposed a rule to improve consumer access to their financial data and drive the shift to open banking.

Read Full Story

Banking

·Oct. 19, 2023

Banking (R)evolution: A New Wave of Digital Banking in the Caribbean

Financial innovation is happening all around the world and the Caribbean is no exception. With a population of 45 million people it is a rich market for fintech.

Read Full Story