The Payment Systems Regulator is concerned that rising fees are harmful to merchants.
Cashless ATMs become workarounds for cannabis sales: Disguising dispensary purchases as cash withdrawals from ATMs is a stopgap measure until banking is legalized federally.
Goldman to buy robo-advisor NextCapital: The US banking giant adds a company that plays in the retirement-plans space as the market for stand-alone robo-advisors shrinks further.
Robinhood diversifies into retirement space: The move could lessen the US digital brokerage’s dependence on trading volume from its youthful customer base.
US-based Mana’s perks like debit card points and special offers on subscriptions for gaming services are tailored toward its target affinity group.
The Big Tech is reportedly developing a suite of proprietary financial services dubbed Breakout—here’s why it won’t be easy.
OakNorth’s 2021 results offer best practices for challengers: The UK neobank attributed a 73% increase in pre-tax profits to its underwriting approach and customer referrals.
Despite only holding about $9.1B in assets, the US bank has attracted big-name fintech clients and another funding round.
Bill aims to include privacy protections in US CBDC: Legislation calls for the US Treasury Department to conduct a pilot program for a central bank digital currency (CBDC).
FDIC hands big banks a climate framework: The US regulator wants large financial institutions (FIs) to anticipate risks connected to climate change. The document could also serve as an action plan to execute on pledges.
Despite their extensive climate commitments, banks invested $742B in fossil fuel companies during 2021.
N26 barred from adding customers in Italy: The Bank of Italy’s decision follows an anti-money laundering (AML) review. The Germany-based neobank faced similar troubles in its home market.
Fiserv strikes open banking collab with Finicity: The deal will let financial institutions (FIs) offer data-sharing to consumers, helping smaller players better compete with fintechs.