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NY Seizes Municipal Credit Union After Embezzlement

PYMNTS

Wong was in charge from 2007 until 2018. As FinTechs and the big banks pour millions of dollars into digital offerings, credit unions are rushing to catch up. At the same time, the credit unions are on the hook to not only provide for customer experience but also security.

New York 181
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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Why Does a Fintech Darling Need a Bank?

Jeff For Banks

Arkadi was a frequent speaker on the FinTech rubber chicken circuit, being viewed as a visionary industry disruptor. See the table from SNL Securities regarding various features of online accounts from FinTech and banks alike. Why do FinTech firms rush to banks? FinTech firms are not and do not. I suppose he was.

Fintech 60
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Issufy Scoops HSBC’s John Crompton For Chairman

PYMNTS

John Crompton, HSBC ’s former global head of corporate finance, has been named chairman of the advisory board at FinTech Issufy , which sells an electronic data management tool so banks can collect investor feedback online, as well as handle tasks such as the allocation of shares.

Capital 100
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PSD2 Is Coming To Europe And Bringing Big Changes

PYMNTS

At the end of the year, a new regulation called the second Payment Services Directive (PSD2) will officially take effect, requiring banks, credit unions, financial institutions and FinTech companies across the continent to change the way they conduct business. This controversy speaks to larger security concerns surrounding the regulation.

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Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

PYMNTS

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster. Reuters quoted central bank Vice Gov.

US 168
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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

In May 2007, Voice Commerce, the voice biometrics company he founded in 2003, launched VoicePay, the consumer-facing application of the company’s secure voice-initiated transactions processing platform. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K.