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Varo Money gets new backers as it nears completion of its bank charter

American Banker

The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.

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New But Not Yet Normal: Can Agility Make the Difference?

Banking 2020

Burgeoning regulations like BASEL III, individual liquidity adequacy assessment etc. and corresponding liquidity pressures, which were aimed at making the banking system shock-proof are indicating an erosion of growth in many high potential markets. New opportunities for economic growth are taking center-stage across the globe.

Capital 40
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High-Frequency Trading: Is It The New Normal?

Banking 2020

For now, the biggest news regarding HFT is that there probably won’t be real news for a while—it’s being reported that for now, at least, the Securities and Exchange Commission (SEC) won’t institute a new set of regulations to curb alleged violations in this contentious arena. It would be nice if those changes happened on our terms.

Oakland 70
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Lending: When Technology Makes the Call

Banking 2020

On the flip side, banks and credit unions don’t survive in a vacuum—they’re answerable to shareholders and regulators, and they’re building on a foundation of centuries-old tradition. And since the human factor in largely absent, there’s a real question whether regulations governing anti-discriminatory practices even apply.

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High-Frequency Trading: Is It The New Normal?

Banking 2020

For now, the biggest news regarding HFT is that there probably won’t be real news for a while—it’s being reported that for now, at least, the Securities and Exchange Commission (SEC) won’t institute a new set of regulations to curb alleged violations in this contentious arena. It would be nice if those changes happened on our terms.

Oakland 42
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PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead.

Retail 28
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PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead.

Retail 28