It claims fintechs didn’t implement proper controls. But fintechs say that even under pressure, they followed the SBA guidelines.
The firm introduced a crypto payments onramp to facilitate purchases for web3 platforms despite recent crypto turmoil.
On today’s episode, we turn our attention to fintech regulation. Jason Mikula, publisher of Fintech Business Weekly and managing director at 312 Global Strategies BV, a consulting firm focused on financial services product strategy, talks about the challenges banking as a service (BaaS) providers and their partners face as regulators pay more attention to banks’ relationships with third parties. We also ask Mikula to take the role of "Pretend CCO" at a fintech company as he lays out his top priorities for 2023 given potentially new regulatory scrutiny. Listen to the discussion with our host Rob Rubin.
Some banks’ worst-case scenarios are others’ base cases—meaning some banks might be too optimistic.
UK consumers demanding support for rising costs from banks can leverage financial health and budgeting tools.
Weixin users can receive remittances from Tencent’s global partners directly to their wallets.
We unpack the biggest takeaways and action items from our US Mobile Banking Emerging Features Benchmark.
Initially used for natural disaster relief, bank mobiles are now going out on the road to promote financial literacy and serve the underbanked.
Dinged by regulators for failing to properly monitor their employees, the firms have responded by investing heavily in preventative measures.
Amex Business Link lets suppliers accept card and noncard payments and cross-border transactions. We break down how it can help Amex attract more issuing partners.