Custodia Bank (formerly Avanti Bank) and Kraken Bank have been in a holding pattern for two and a half years as they wait for Federal Reserve master accounts.
McKinsey warned Wirecard to take immediate action on controls in their largest business more than a year ago; the consultancy...
Understanding evolving consumer sentiment while anticipating shifts in industry trends will be the key to evaluating opportunities faster.
Fig is an alternative to the predatory loans that are often offered to low-income borrowers; now they are the first...
The latest issue of deBanked magazine has an in depth review of the recent LendIt Fintech USA conference in San...
Banking-as-a-Service (BaaS) has become quite popular these days with dozens of banks offering different services to fintechs and tech companies. But almost all these banks were not originally conceived this way, they are adding BaaS as a new product offering. Our next guest on the Fintech One-on-One podcast is Wendy Cai-Lee, the CEO and Co-Founder of Piermont Bank. The bank only began operations in 2019 but it is a fully chartered bank that has been built from the ground up […]
Standard and Poor’s released a report this week said that the UK peer to peer lending sector is poised for...
The renewal of the e-commerce giant's cobranded card cements an alliance between two giants of their industries — just as both companies are pushing ahead with products such as buy now/pay later loans that put pressure on traditional credit cards.
We’ve seen Goldman Sachs enter a variety of consumer banking verticals over the last few years; now the bank has hired a senior JPMorgan Chase engineer to build cash management tools, deposit accounts as well as other products for big companies; commercial banking could bring even more deposits into the business and also help boost revenue; they will compete with other big names such as JPMorgan, Citi, Bank of America and Wells Fargo. Source
In this Forbes op-ed Ron Shelvin shares his thoughts on how the Robinhood checking account was doomed to fail; besides...