Silicon Valley Bank is still open for business for fintech companies. In many ways, even though it is now part of First Citizens Bank, it is very similar to what it was before, at least from a fintech perspective.
When the CFPB released their long-awaited proposal on open banking rules in October there was cautious optimism from both banking and fintech groups.
Fast forward two and a half months, when everyone has had a chance to fully digest the 299-page proposed rulemaking, there are many suggestions for improvement. With the 60-day comment period ending this week, the CFPB has received over 11,000 comments.
Neu’s path to success will produce financially literate college graduates and a strong bottom line. The journey began in late 2023 with the release of the Neu Card, whose attributes include no late fees and interest charges, a maximum $1,000 spending limit, no Social Security number required, and no credit history or cosigner required.
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.
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Generative AI is coming to lending and it is going to happen this year. Lenders who are early movers will have an advantage here. This new white paper from Prodigal shows how.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
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.
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Serial fraud is becoming a major problem for financial institutions today as criminals use automation and scale like never before. This white paper provides actionable steps to combat serial fraud.
With community banks pulling back on lending to small businesses vertical software platforms are filling the void. They provide software, of course, but are increasingly also providing access to capital.
Fintech Nexus Newsletter (January 2, 2024): HSBC’s Zing to take on Wise, Revolut in foreign exchange
HSBC has announced Zing, a new retail-focused service offering inexpensive foreign exchange.
The large banks. particularly in Europe, have mainly looked on with envy as startups like Wise and Revolut have built large businesses on the back of offering cheap foreign exchange to tens of millions of retail customers.