The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on banks’ reduced control and visibility into critical financial functions. The statement also provides a roadmap into some of the key...
Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. The failure of Silicon Valley Bank and other bouts of financial instability have called attention to these deposits and possible changes to how they’re held at banks....
Blend and Astra have partnered to enable financial institutions to add card funding to their deposit accounts. With this collaboration, financial institutions that use Blend’s platform for digital banking solutions will also be able to use Astra’s instant-payments-as-a-service offering to enhance the digital onboarding experience for consumers...
The headlines swirl around Synapse’s bankruptcy and customers’ tales of being frozen out of their accounts. The FinTech space is always evolving, and the ongoing legal wrangling and attempts to find $85 million in account shortfalls will seemingly be long and drawn out, with no...
October 31, 2024
Call it one more unpredictable turn in an unpredictable year. As the convergence of financial technology gets closer to consumers and businesses, the focus on money movement takes a twist toward an area where money is usually at rest: deposits. “If you think about where financial services is going, which is more tech-enabled and more […]
August 07, 2024
Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. The failure of Silicon Valley Bank and other bouts of financial instability...
January 17, 2020
With Retail’s Big Show in New York, earnings season kicking off and banks reporting on the State of the State 2019, there was no shortage of headlines this week. Yet,...
October 20, 2017
What will it take to save the trees? To cut out the cutting of checks? In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster...
August 05, 2024
Blend and Astra have partnered to enable financial institutions to add card funding to their deposit accounts. With this collaboration, financial institutions that use Blend’s platform for digital banking solutions will also be able to use Astra’s instant-payments-as-a-service offering to enhance the digital onboarding experience for consumers looking to fund their new deposit account, the companies said […]
April 28, 2024
For America’s biggest banks, deposit costs are exceeding interest income. That’s the first time that’s happened since the Federal Reserve began increasing rates two years ago, the Financial Times noted...
October 27, 2023
While brick-and-mortar bank branches have been closing for years, those located within supermarkets are reportedly shutting at a rate that is seven times higher than that of other branches. American...
October 23, 2023
America’s regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that saw...
