After billions of dollars in losses, Marcus’ products will shift to the wealth and asset management businesses.
Colassano noted similarities between TCH’s RTP network pricing and FedNow’s and discussed real-time payment innovations.
The global economic downturn is putting pressure on FIs around the world. In the UK, firms are turning to tech and hiring to weather the storm.
It’s gained approval as a mutual savings bank, which means its commodity-dependent deposits are FDIC insured.
Despite the stalled IPO market, this one is expected in early 2023 at a valuation of $12 billion.
Director Rohit Chopra said he’s looking into issues like P2P payments fraud, which could lead to stricter regulation down the road.
While many US adults report not using cash most weeks, just how much cash you use depends on who you are.
Railsr has become the latest embedded finance firm to raise money, netting $46M.
Customers complete a digital questionnaire that helps pair them with the financial advisor who can best advise their financial situation.
The deposits will be used to extend small business and housing loans in low-income neighborhoods.