As the banking and payments business cross into the second half of 2024, many executives say we’re at a pivotal juncture — one that will require a steady hand on the wheel. “Regulatory orders and regulatory scrutiny have taken a front seat in the industry,”...
The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up with an anticipated pullback by banks on traditionally “free” services and products. Amid that pullback, there’s opportunity for neobanks, the...
2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is now the latest financial institution (FI) to come under the Federal Deposit Insurance Corporation’s (FDIC) scrutiny, managing for the operational,...
One of the themes in PYMNTS’ monthly “What’s Next in Payments” series is that the Banking-as-a-Service (BaaS) model is under pressure right now. Synapse declared bankruptcy, while Evolve Bank and Trust was issued a cease-and-desist order, which in part requires the company to get approval...
July 16, 2024
Embedded finance, as a concept, has been around for a while, but not in the technologically savvy, user-friendly form it takes in today’s iteration. Embedded finance has emerged as a key weapon in the retail quest for online and offline customer conversions. The technology that underpins today’s embedded financing applications is also familiar. But APIs […]
July 08, 2024
As the banking and payments business cross into the second half of 2024, many executives say we’re at a pivotal juncture — one that will require a steady hand on...
July 01, 2024
2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is now the latest financial institution...
June 25, 2024
One of the themes in PYMNTS’ monthly “What’s Next in Payments” series is that the Banking-as-a-Service (BaaS) model is under pressure right now. Synapse declared bankruptcy, while Evolve Bank and...
June 18, 2024
The Treasury Prime Partner Marketplace now includes FS Vector’s regulatory compliance training platform Headmaster. This addition comes as part of a newly formalized relationship between Treasury Prime, which is an embedded banking software company, and FS Vector, which is a regulatory advisory firm, the companies said in a Tuesday (June 18) press release. “With sponsor […]
June 05, 2024
Kanastra raised $21 million in a Series A funding round to continue to improve its tech-driven back office for private credit funds and securitizations in Brazil. With the new funding,...
June 05, 2024
United Kingdom neobank Starling reportedly does not plan to reapply for a European Union banking license. Instead, the company will try to expand internationally via its software business, incoming CEO...
June 02, 2024
The impact of Synapse’s bankruptcy continues to spiral outward, extending now to FinTech startup Yotta. For the past three weeks, 85,000 of the company’s customers — holding a total of...
