Fintech Labs Insights

APRIL 4, 2023

The new Mercury Vault ( company announcement , 13 March 2023 ) includes $5M of FDIC insurance (achieved by shipping deposits in excess of $250k to a network of 20 banks). Using this link new customers earn a $250 bonus after spending $10k on their new Mercury debit card. Related: Top 15 U.S.

FDIC 15

FDIC Online Tools Digital Banking 15

The Financial Brand

AUGUST 24, 2023

This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand. Regional bank failures and troubles in early 2023 may bear bitter fruit for the institutions in that size class and beyond that survived.

Capital 29

Capital Cards Regional Branding 29

Fintech Labs Insights

NOVEMBER 10, 2023

Centered around deposit and debit/charge card services Predominantly focused on consumers Primarily digitally delivered (rules out Wells Fargo, BofA, and the majority of traditional banks*) Founded since 1999 Do you run a small business :? Consumers (Nov 2023) first appeared on Fintech Labs SMB Center. Let’s start with our definition.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

Fintech Labs Insights

MAY 2, 2023

Below is our curated list of the best global banking tech events, conferences and trade shows in 2023. These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms.

Las Vegas 12

Las Vegas San Francisco San Diego Conference 12

CFPB Monitor

JULY 6, 2022

The agenda’s preamble indicates that the information in the agenda is current as of April 1, 2022 and identifies the regulatory matters that the Bureau “reasonably anticipates having under consideration during the period from June 1, 2022 to May 31, 2023. The agenda indicates that the Bureau estimates issuance of a final rule in March 2023.

Lending 78

Lending Regulation FDIC Data 78

Gonzobanker

FEBRUARY 1, 2024

many we talked with in the halls acknowledged that credit quality remains a wild card to start the year. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” The Fate of Glass The French have a saying that it is the fate of glass to break.

Conference 88

Conference FDIC Arizona Industry 88

Jeff For Banks

OCTOBER 15, 2021

Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. Source: US Inflation Rate by Year: 1929 - 2023 (thebalance.com) Things looked good as we entered the 21st century.

Taxes 78

Taxes FDIC Guidelines Policies 78

Fintech Labs Insights

APRIL 6, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in market with its Mercury Vault, offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? 1,400 reviews) – Trustpilot : 3.6 (550

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Abrigo

OCTOBER 28, 2022

Overall, FDIC-insured commercial banks and savings institutions aren’t seeing dramatic increases in net charge-offs ( Chart 1 ) or rates related to declining asset quality ( Chart 2 ), such as past-due rates and rates for non-current loans. The only real deterioration we're starting to see is in subprime auto and credit card portfolios.”

Management 195

Management Risk Management Policies Lending 195

Fintech Labs Insights

APRIL 20, 2023

Not only does this provide up to $5M in FDIC insurance (20 x $250k), it means that one failure in its network won’t tie up a customer’s entire balance for even a few days. . — Example: Mercury , the SMB challenger* that captured 20% of the deposits fleeing SVB, automatically spreads funds in excess of $250k, across a network of 20 banks.

How To 15

How To Training Tools Examples 15

CFPB Monitor

JUNE 15, 2020

The OCC acted alone in issuing the final CRA rule without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule. Our next blog post will address differences among the OCC’s final rule, the FDIC’s proposed rule, and the Federal Reserve’s existing regulations.

Community 60

Community FDIC Lending Examples 60

South State Correspondent

APRIL 16, 2024

In 2023, the global value of these digital wallets was approximately $9T. FDIC insurance doesn’t matter until it matters, and the funds in many digital wallets are not insured. to move the money via a real-time payment or debit card, taking 30 minutes. adults said they used a digital wallet at least once in the past year.

FDIC 195

FDIC Examples Study Samsung 195

Abrigo

FEBRUARY 8, 2024

consumers lost billions of dollars due to fraud during 2023. consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022. billion was lost to fraud through social media between January 2021 and June 2023. DOWNLOAD Takeaway 1 U.S. According to the FTC , $2.7

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Fraud Resources social media Software 195