US FDIC issues consent order to Thread Bank
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
How can financial institutions strike a balance between speed and safety with instant payments?
If you want to participate in the future, you have to let go of the past.
The start-up operates under identity resolution SaaS platform FullContact.
Fintech founders discuss a decade of shifting perspectives and practices.
The bank is alleged to have “engaged in unsafe and unsound banking practices”.
The merchant acquirer is to utilise the vendor’s workflow automation tools.
Day one’s proceedings took a specific focus on the topics of AI, tokenisation and digital modernisation journeys.
The bank is utilising Mastercard’s open banking platform and Nvidia’s accelerated computing and AI capabilities.
New products include a Passkey service, Visa data tokens and the Visa Flexible Credential for payments.
Larson previously spent over eight years at Canadian multinational information corporation Thomson Reuters.
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
We sat down with Roman Zilber of Intrepid Fox to discuss the intersection between KYB and GenAI.
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
Green Dot says the consent order relates “principally to various aspects of compliance risk management”.
Napier AI claims that since 2021, its top-line revenue has grown at more than 30% year on year.
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Informatica says the solution provides an “enterprise-wide, 360-degree view of customers”.
Arun Kumar has joined from Luma Financial Technologies as the company’s new CTO.
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Binance has agreed to pay $4.3bn in “one of the largest corporate penalties in US history”.
The bank was flagged by the OCC last year for “unsafe or unsound” practices concerning its BaaS business.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Created 20 years ago, Lynx leverages AI and machine learning to detect and prevent financial crime.
The first two quarters of this year saw global enforcement fines amount to $1.5bn and $2.27bn, respectively.
JP Morgan Payments will leverage Trulioo’s person match and identity document verification services.
The Board alleges that the bank violated customer identification rules.
Through the partnership, Generali Investments Holding will utilise Fenergo’s client lifecycle management solution.
We chat with Andrew Davies of ComplyAdvantage about what’s shaping the financial crime landscape in banking.
Gupta joins Arival Bank from US-based consumer fintech company Eco, where he served as head of compliance.
We speak with Jason Harrell of DTCC about the emerging cyber threats financial institutions should be prepared for.
According to documents seen by CNBC, the SEC’s Boston office has been investigating Freedom for months.
AI can’t replicate human nuance nor can it fully comprehend the human motivations for committing fraud.
Expel’s managed detection and response (MDR) solution claims to reduce alert-to-response times “to minutes”.
While tech advancements are made with the best intentions to improve our lives, criminals can also use it to their own benefit.
Here’s our pick of five of the top news stories from the world of finance and tech this week.