The UK is finalizing plans for new crypto regulations. And in the US, the FTC has joined the SEC in clamping down on misleading crypto ads.
Stablecoin issuer Circle canned its $9B SPAC plans while Goldman Sachs considers nabbing struggling crypto firms at a discount.
They aren’t too far off, but they’ll need to overcome a few challenges and implement new ways of banking.
The UK digital bank said one in three of its covid loans is in a distressed state, raising questions over the bank’s fraud detection practices.
A growing number of migrants in the US and a lack of formal remittance channels are creating an opening for US-based remittance firms in the country.
The AI-powered client portal combines the bank’s services and products in one place. All eyes will be on the customer transition.
Regulators try another angle to claim authority over crypto markets and lay down the law.
The American Free Enterprise Chamber of Commerce introduced an ad campaign in opposition of the Credit Card Competition Act.
Banks, FIs, and fintechs must work together to quickly identify scams and to build stronger preventative controls.