The SEC is at it again.
Over the weekend we learned that the SEC has sent a Wells Notice to Robinhood regarding its crypto activities.
Zelle has started refunding imposter scam victims, after years of banks questioning their responsibility to do so.
Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022.
The biggest name in Silicon Valley venture capital over the last half-century is Sequoia. And the biggest name in European fintech is Klarna.
Fraud is going to be top of mind for all financial institutions in 2024. Banks and fintechs alike are constant targets of fraud attacks.
It was interesting to read this morning about the experience of Regions Bank when it comes to check fraud.
It has been almost two weeks since the SEC approved Bitcoin ETFs and we now have some data on the 10 ETFs that have been trading since then.
The two biggest and oldest names in finance are leading the way: BlackRock and Fidelity. Each fund has attracted more than $1 billion in inflows.
We are moving to a world of instant payments but how we get there is still uncertain.
A blockchain-based payments system designed for central banks has just completed its first live transactions with the Bank of England. Created by Fnality, the system processed live payments from member banks, Lloyds, Santander and UBS.
It is a bold or naïve CEO that prefaces a major announcement with the words, "This will shock the world".
New PayPal CEO Alex Chriss said exactly that in his first public interview since becoming CEO. That was a week ago and he was referring to major announcements that would happen at the company's Innovation Day that it conducted yesterday.
Payment by bank account is a functionality that has existed for more than a decade in many countries. But it is still a relatively new phenomenon in the U.S.
In lieu of a solution that stops the crimes from happening in the first place, bank reimbursement is the only source of protection.