In today’s top news in digital-first banking, banks have tightened their loan standards per a survey from the Federal Reserve, while a watchdog organization warned banks about the risk of outsourcing key technology. Plus, Mizuho Financial Group is the latest bank to try to cash...
As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. A virtual IBAN is a reference...
In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. Stand?”, the Federal Reserve Bank of Boston said, “To date, U.S. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way...
If data is the oil that brings change to financial services, the pipelines are increasingly under scrutiny. Late last week, the Consumer Financial Protection Bureau (CFPB) said it will look to issue advance notice of proposed rulemaking on “open banking” by the end of this...
In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Plus, Surecomp has introduced financial crime solution...
In today’s top news in digital-first banking, Mastercard has unveiled its artificial intelligence (AI)-powered Cyber Secure tool suite, while Radius Bank has advanced in its relationship with application programming interface (API) company Treasury Prime with the launch of its Commercial API Banking Program and sandbox....
In today’s top news in digital-first banking, credit union service organization (CUSO) PSCU is teaming with FICO Customer Communications Services on a fraud alert tool, while Canada-based BMO is launching a new support system for the country’s small companies. Plus, Coinbase is opening up a waitlist...
In today’s top news in digital-first banking, Oracle is introducing new cloud offerings to provide smaller banks with the tools to combat large-scale money laundering schemes, while the Automated Clearing House saw a sizable increase in acidity in Q3. Plus, Brex unveiled an Instant Payouts...
In today’s top news in digital-first banking, BlueVine has launched its new integrated digital banking, payments and lending platform, while J.P. Morgan Chase has formed a new business unit geared toward blockchain and digital currency work. Plus, Western Union has again expanded its payout options...
