Digital payment and credit platform Aliaswire on Tuesday (Feb. 8) added a new bank account validation (BAV) solution for banks and their commercial clients, which comes ahead of a new rule requiring ACH originators to make account validation part of their fraud detection. Get the...
A new economic forecast says U.S. banks will see more growth from the “bread and butter” business of taking deposits and lending money, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Fidelity Investments has launched a business called Saifr, a regulatory technology (RegTech) service that helps financial institutions create, review and approve public communications to mitigate brand, reputational and regulatory risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Wells Fargo has had a 2015 regulatory order from the Office of the Comptroller of the Currency (OCC) eliminated, which involved add-on products which Wells Fargo sold improperly, Bloomberg reported Thursday (Jan. 20). Get the Full Story Complete the form to unlock this article and...
The EU is cracking down on the ability for banks outside the EU to sell services to the bloc, with a focus on “core banking.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Mergers and acquisitions have been a mainstay of financial services, a strategic tool that helps big firms get bigger and smaller firms become, well, big. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
After two months of hand-wringing and criticism from the financial industry and political opponents who feared President Biden’s nominee to oversee the nation’s top banks was too harsh, Saule Omarova’s bid to lead the Office of the Comptroller of the Currency (OCC) was withdrawn Tuesday...
Stricter rules and more oversight are needed to curb the risk of bond funds throwing market stability and the runaway growth of decentralized finance (DeFi), the Bank for International Settlements (BIS) said in its December Quarterly Review. Get the Full Story Complete the form to...
President Joe Biden is weighing whether to nominate attorney and former Consumer Financial Protection Bureau Richard Cordray as the Federal Reserve’s top banking regulator, people familiar with the discussions told The Wall Street Journal Tuesday (Nov. 30). Get the Full Story Complete the form to...
