Banking
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FDIC lookback: banking conditions improved in 2021 | ABA Banking Journal
The FDIC today said that the banking environment improved in 2021 as the economy recovered from a period of economic…
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ABA: No compelling case exists for U.S. CBDC | ABA Banking Journal
The creation of a central bank digital currency “should only be pursued as a final option to meet clearly defined…
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Congratulations to the Banking Tech Awards USA 2022 winners! – FinTech Futures
The 1st Banking Tech Awards USA ceremony took place yesterday evening at the Julia Morgan Ballroom in San Francisco and…
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FinTech Futures: Top five stories of the week – 20 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week. UK…
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FinTech Futures Jobs: Your fintech job might change in the future
The workplace policies of your employer might well be affecting how long you see yourself sticking around in your job,…
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MarketFinance raises debt financing from Deutsche Bank
UK-based business lender MarketFinance has announced an undisclosed amount in a debt raise from Deutsche Bank. MarketFinance raises debt funding…
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ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced…
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Finovate Spring: Starling’s Anne Boden on what big banks can do better
Starling Bank CEO Anne Boden took to the stage on the opening day of the Finovate Spring conference to deliver…
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LSEG to acquire market data solutions provider MayStreet
London Stock Exchange Group (LSEG) has signed an agreement to acquire MayStreet, a market data solutions provider. LSEG will acquire…
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Dutch BNPL fintech in3 lands $85.3m Series B – FinTech Futures
Dutch buy now, pay later (BNPL) platform in3 has landed an $85.3 million Series B debt and equity funding round.…
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KPMG UK strengthens crypto and payments team – FinTech Futures
Consultancy KPMG UK is building out its crypto and payments team as it looks to strengthen its offering to clients…
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Europe funding round-up: Findity, Recognise Bank, Moneybox and more
This week’s handy Friday funding round-up includes five European fintech start-ups – Findity, Recognise Bank, Moneybox, Circit and Klarpay. Swedish…
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Programmable banking – FinTech Futures
In the heyday of neobank launches, there were a lot of start-ups saying, “We are a tech company with a…
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GOP lawmakers: CFPB must undo changes to UDAAP enforcement, adjudications | ABA Banking Journal
House Republican lawmakers this week slammed recent changes made by the CFPB to its supervision examination manual for unfair or…
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CFPB issues interpretive rule on states’ enforcement authority | ABA Banking Journal
The CFPB today issued an interpretive rule stating its view that state regulators and state attorneys general have enforcement authority…
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4 strategies banks can implement to launch digital transformation | Bank Automation News
SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few…
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FDIC establishes process for MDI designation | ABA Banking Journal
The FDIC today outlined a new process by which banks may apply for designation as a minority depository institution. According…
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Fed finalizes Reg J amendments governing FedNow service | ABA Banking Journal
The Federal Reserve today issued a final rule designed to help the agency implement the instant FedNow payments service, scheduled…
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Barr: Fed’s authority ‘Narrow, limited’ regarding transition to low-carbon economy | ABA Banking Journal
Testifying before the Senate Banking Committee today, Michael Barr—President Biden’s nominee to serve as Federal Reserve vice chairman for supervision—said…
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Ophelos partners Plend for ethical debt resolution – FinTech Futures
UK-based ethical debt management platform Ophelos has partnered with new consumer lender Plend. Ophelos partners Plend to help people resolve…
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US fintech Current launches platform API with Plaid as first partner
US fintech Current, with a mission to enhance the financial wellbeing of Americans, has launched a platform API and announced…
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UK challenger Atom hires Andy Sturrock as CTO – FinTech Futures
UK challenger bank Atom has appointed Andy Sturrock as its new chief technology officer (CTO). Atom Bank CTO Andy Sturrock…
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CommBank-backed money app Kit enters trial phase – FinTech Futures
Australia’s Commonwealth Bank has rolled out Kit, a money app for kids, via x15ventures – CommBank’s venture arm. CommBank pilots…
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Overcoming the challenges of vulnerability disclosure programs | ABA Banking Journal
By Ashish Gupta At its core, security isn’t a technology problem—it’s a people problem. To compete against an army of…
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Finovate Spring 2022: The changing landscape of financial services
Financial services is a constantly evolving industry, and this evolution has picked up pace considerably over the last few years.…
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Finbourne Technology hires Robert Byrne as CTO – FinTech Futures
Investment data management platform Finbourne Technology has hired Robert Byrne as its new chief technology officer (CTO), as the company…
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BaaS start-up Unit raises $100m Series C – FinTech Futures
Israeli Banking-as-a-Service (BaaS) start-up Unit has raised a $100 million Series C round, valuing the company at $1.2 billion. Unit…
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Neolender ThinCats taps cloud banking vendor Mambu as it looks to scale
Neolender ThinCats has selected Mambu’s cloud banking technology as it looks to scale and expand its small and medium-sized enterprise…
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Podcast: Thwarting would-be bank robbers, Hoosier-style | ABA Banking Journal
From Butch Cassidy to Bonnie and Clyde, bank robbers have always had a pop culture mystique. But bank robberies are…
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Now is not the time – FinTech Futures
“Now is not the time to talk about new technologies,” said the important people, “We just got slapped with a…
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UiPath updates: cloud-based robots and AI-model training for citizen developers | Bank Automation News
Cloud-based robots that can be launched without infrastructure provisioning and artificial intelligence (AI) model training are two new initiatives UiPath…
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Embedded payments platform Modulr raises $108m Series C
Modulr, an embedded payments platform for digital businesses, has raised $108 million in Series C funding. Myles Stephenson, Modulr CEO…
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Lenders use alternative data to expand auto books | Bank Automation News
Auto lenders in the first quarter leveraged TransUnion’s alternative data and underwriting models to expand their lending pools as the…
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Nude partners GoCardless to deliver VRP inter-account payments
Paytech GoCardless has been selected by savings app Nude to power its users’ payments as they look to save and…
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Mastercard partners Dreams for sustainable banking solutions
Swedish financial wellbeing platform Dreams has announced a strategic partnership with Mastercard to deliver sustainable banking products for financial institutions.…
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Core banking vendor Thought Machine raises $160m Series D
Core banking software vendor Thought Machine has closed a Series D funding round worth $160 million, valuing the company at…
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Tide partners Sage to offer new tax and accounting product
UK-based business financial platform Tide has announced a partnership with Sage, a cloud business management platform, to offer an integrated…
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Hawaii State FCU taps Lumin Digital to enhance banking services
Hawaii State Federal Credit Union has signed a multi-year agreement with Lumin Digital for its cloud-native platform for online and…
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Fintechs need to take the lead on mental health – FinTech Futures
What are the three words that come to mind when you hear the word ‘fintech’? Fintechs should put employee wellbeing…
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How Zirtue aims to remove the stress from relationship-based lending
Loans are an unfortunate pillar of the modern American economy. From the ever-increasing price of higher education to bankruptcy-inducing medical…
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Bank Automation Summit 2022 Fall agenda | Bank Automation News
The Bank Automation Summit Fall 2022 agenda is set, with sessions on developing for the cloud, embedded finance and robotic…
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Home builder confidence falls in May | ABA Banking Journal
The National Association of Home Builders/Wells Fargo Housing Market Index decreased eight points to 77 in May. This is the…
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Hsu: Banks should focus on counterparty credit, concentration risk amid economic uncertainty | ABA Banking Journal
As high inflation and economic uncertainties persist, Acting Comptroller of the Currency Michael Hsu today said that “now is the…
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FDIC finalizes rule to investigate misuse of agency name, logo | ABA Banking Journal
The FDIC today approved a final rule establishing a process by which the agency will identify and investigate any conduct…
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Blockchain fintech Oasis Pro lands $27m Series A – FinTech Futures
US blockchain fintech Oasis Pro has completed a “significantly oversubscribed” $27 million Series A financing round. Oasis Pro founder and…
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Brazilian fintech Nomad raises $32m in Series B funding – FinTech Futures
Latin American fintech Nomad, which enables Brazilians to establish bank accounts in the United States, has raised $32 million in…
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Westpac partners 10x Banking on new platform for institutional clients
Aussie banking heavyweight Westpac has partnered with 10x Banking to develop a new transactional platform designed for institutional clients. Westpac…
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NatWest Group fined £1.82m for overcharging credit card interchange fees
The UK’s payments regulator has fined NatWest Group £1.82 million for overcharging interchange fees on credit cards. PSR fines NatWest…
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First-party data: Smarter insights when determining creditworthiness | ABA Banking Journal
By Mark Leher An account holder’s creditworthiness is more than just a credit score. Creditors evaluate a variety of factors…
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Prepare for investors’ questions on diversity | ABA Banking Journal
By Debra Cope During proxy season—the period from mid-April to mid-June when most public companies hold their annual meetings—investors are…
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