Budgeting app Money Lover went quiet after learning its APIs could be easily hacked. FIs must take steps to ensure they’re not next.
It’s weighing the sale of its universal banking business, just as banks turn their focus to core banking cloud migration.
Regulation will spur growth in the ESG fintech market: The increasing difficulty of staying in compliance could expand the opportunity from $21B today to $160B in the next five years.
Highlighting benefits to regional and community banks can help shore up relationships as fraud concerns mount.
Banks know that Gen Z and Gen Alpha are the up-and-coming banking customers, and they’re offering numerous options to help teens and kids learn the ropes. We’re devoting this entire edition to an overview of the competitive landscape for FIs seeking to get these consumers while they’re young.
The bank wanted to introduce credit cards for its retail customers but gave up on the idea after shifting its strategy to weather economic headwinds.
Alpha Kappa Alpha founded For Members Only Federal Credit Union to empower Black women to build generational wealth.
Wahed brought on the firm to provide will-writing services and legal advice to its customers who follow Sharia law.
NY-based Comun will use the funds to create a resource hub for Spanish-speaking Latino immigrants to the US.
It released draft legislation to provide more safeguards for UK consumers, many of whom are under financial strain.
Inflation is changing anxious consumers’ financial goals. Banks can play a big role in helping them feel supported.
They support the government’s open banking framework, and they expect to see financial accessibility improve for the underserved.
TD Bank and First Horizon Bank hope their plan will convince regulators to okay their deal.