PYMNTS

DECEMBER 11, 2020

The startup reminded people that cryptocurrencies are not regulated in the U.K. The FinTech partnered with Metropolitan Commercial Bank for FDIC backing of deposits up to $250,000. “As by the FCA and are not protected by the Financial Services Compensation Scheme. In March, Revolut launched in the U.S.

cryptocurrency 150

cryptocurrency blockchain FDIC Bitcoin 150

PYMNTS

DECEMBER 16, 2018

The executives told Bloomberg they are working with regulators and are in the process of overhauling the marketing material related to it. Robinhood’s new products aren’t insured by the FDIC but do have the protection of the Securities Investor Protection Corp. However, we realize the announcement may have caused some confusion.”

FDIC 191

FDIC Fintech Regulation Report 191

Bank Innovation

FEBRUARY 11, 2020

This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company’s three-year quest to become a bank.

Digital Banking 293

Digital Banking Company Innovation Strategies FDIC 293

Gonzobanker

FEBRUARY 1, 2024

For the bankers we talked with, acknowledging challenges—think NIM, credit, regulation, election uncertainty, unemployment and CRE—while portraying resilience created quite a few compelling narratives throughout the event. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

PYMNTS

AUGUST 7, 2019

Bank participation is key to promoting open banking in the U.S., but according to Arjun Thyagarajan, co-founder and CEO of digital banking company Wise , the U.S. On The Open Banking Path. may not be taking a regulatory stance on Open Banking, but the same cannot be said for payments.

Fintech 181

Fintech Strategy Resources Payments 181

Gonzobanker

MARCH 22, 2023

“Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.” Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber?

social media 78

social media Capital Risk Management Strategy 78

American Banker

MAY 25, 2016

Smartphones are an important window into understanding underbanked customers, the Federal Deposit Insurance Corp. said in a report released Wednesday in conjunction with a meeting of the agency's advisory committee on economic inclusion.

FDIC 32

FDIC Mobile Meeting Report 32

American Banker

MAY 9, 2016

’s request for input on mobile financial services allows banks to promote how their mobile app helps the underserved, which is a plus when seeking merger approval. The Federal Deposit Insurance Corp.’s

FDIC 28

FDIC Mobile Community Bank Digital Banking 28

American Banker

MAY 1, 2020

Federal regulators are now conducting nearly all supervision off-site as a result of the pandemic. The temporary measures are stoking a debate about whether they should be permanent.

Regulation 55

Regulation FDIC Community Bank Digital Banking 55

PYMNTS

OCTOBER 29, 2018

In most of those cases, the narrative was about the rise of the neo-bank targeted to millennials, whose distrust of traditional banks rivaled that of their parents’ or grandparents’ distrust of “The Establishment” in the 1960s. And that is a bank – one with FDIC insurance and safeguards that keep their money safe.

Payments 196

Payments Google Apple Innovation 196

American Banker

JANUARY 5, 2017

2016 was very good to these financial services executives, who succeeded where others failed, sold their businesses for large sums, felt the love of regulators or could finally breathe a sigh of relief.

Regulation 39

Regulation FDIC Community Bank Regional 39

American Banker

MARCH 4, 2016

Regulators are quick to laud "core" deposits and so-called "stickiness," but the reality is that brokered deposits — especially CDs — have become some of the most stable and cost-effective funding available.

Regulation 28

Regulation FDIC Community Bank Digital Banking 28

Abrigo

FEBRUARY 8, 2024

As financial transactions become increasingly digital, consumers and businesses must be equipped with the knowledge to navigate day-to-day business securely. At the same time, it is important not to deter clients from using digital banking methods for daily transactions.

Fraud 195

Fraud Resources social media Software 195

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution. Average return of 13% per year.

social media 40

social media ATM Mobile Customer Experience 40

American Banker

JUNE 29, 2016

Ever since the financial crisis, starting a bank from scratch has been hard. But opening a digital-only de novo bank is an especially tall order.

Fintech 46

Fintech FDIC Digital Banking Technology 46

PYMNTS

MAY 2, 2016

Also in the mix, Walmart Pay has taken yet another step away from the theoretical toward the actual and Goldman Sachs went into digital banking. Venmo also finds itself in the company of digital and mobile-based financial services firms that caught the officially eye of regulators last week. Goldman Sachs Goes Digital.

Software 100

Software Mobile Regulation FDIC 100

PYMNTS

NOVEMBER 2, 2020

Asked about regulation, Ganu said that the firm works with an FDIC insured partner bank and a SIPC partner broker dealer, Apex Clearing Corp., to ensure regulatory compliance. Finch, he said, serves as the tech infrastructure that helps users connect those activities.

Millennials 221

Millennials Fintech Course FDIC 221