JPMorgan and Deutsche Bank will face allegations that they enabled the sex offender.
The Dutch neobank has applied for a US banking license just as many consumers are shunning fintechs and turning to established lenders.
First Citizens is discussing if and how it can take over the plan. Regulators should have already created rules for a situation like this.
It provides a clear framework for enforcers and consumer-facing firms on what’s abusive and deceptive. Is a crackdown coming?
Consumers value features that protect their accounts and financial data, based on our exclusive survey data and analysis of 42 emerging features from the seven largest Canadian financial institutions in their mobile banking apps.
A dearth of banks willing to serve crypto startups presents opportunities for risk-tolerant fintechs and neobanks.
Acorns acquired the youth-focused bank app to enter the European market and address customers’ full financial life cycles.
They don’t think banks protect them from risks or offer valuable products and services, though most get decent customer service. Consumer Duty could change the perception.
Through a multiyear agreement, PayPal will become Live Nation’s preferred payment partner.
The regtech Fourthline has netted €50M to build out its platform which uses AI to help banks and fintechs handle compliance.
The payments firm responded to some short-seller allegations. But its failure to address key claims could cause future problems.
It’s calling on bank officials to enforce tighter regulations that can be enacted under existing laws. But the actions don’t solve all the issues.
The new office can play a key role in creating guidance and standardized frameworks for major technologies like digital assets and AI.