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Weekly Wrap: Varo gets FDIC approval, as Curve prepares for US launch

Bank Innovation

In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. card startup Curve opened a New York City office in advance of its U.S. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. launch; and Wells Fargo’s […].

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Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency

PYMNTS

The company's crypto debit card, BlockCard , has seen 500 percent growth in usage rates, measured year over year. The company also offers an FDIC-insured checking account to help spur crypto-friendly banking, Johnson noted. Through that checking account, users can purchase crypto to be held in custody.

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Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

You might also like this video, "A look at credit risk in a rising-rate environment." 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.

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Pokemon The Surprise Retail Sizzle Of The Summer?

PYMNTS

But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Top as in the very top: the FDIC chairman, his chief of staff, and the General Counsel. Maybe not even from a PR perspective either. Lending Club Algorithms .

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Secure Digital Banking and Customer Communications

FICO

Automated methods allow them to make decisions that make their lives easier — for example, to temporarily freeze a card, or prove a transaction is legitimate and allows it to proceed. credit card offers vs loans vs overdraft), which means strategies must be aligned and coordinated. Watch my LinkedIn Live video with Melaina T.

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How to Protect Your Small Business Bank Accounts from AI-Assisted Phishing Attacks

Fintech Labs Insights

Criminals can use text generators for grammatically perfect emails, voice generators for pitch-perfect phone calls, and even decent-quality video images to fake a Facetime call. An obvious criminal use case for ChatGPT and similar generative AI services is crafting better ( actually near-perfect ) personalized phishing attacks.

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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

Business debit card with free withdrawals. Security features (account freeze, real-time transaction notifications, FDIC insured). Video reviews. Related: Top 15 Online Digital Corporate Credit Cards for Small Businesses (June 2021). Features & benefits listed on homepage: Free. Faster access to direct deposits.

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