Bank Innovation

JULY 24, 2019

The New York-based company this week rolled out two new products: a savings account, which is available now, with a market-leading 2.69% APY and that’s FDIC-insured […].

FDIC 170

FDIC New York Marketing Company 170

Bank Innovation

JULY 24, 2019

The New York-based company this week rolled out two new products: a savings account, which is available now, with a market-leading 2.69% APY and that’s FDIC-insured […].

FDIC 170

FDIC New York Marketing Company 170

Bank Innovation

JANUARY 19, 2018

The funds will go towards marketing its service as well as for laying “the foundation” to become a bank, company CEO Colin Walsh told TechCrunch. Varo, a mobile banking startup that provides an FDIC-insured bank […].

National 225

National FDIC Mobile Marketing 225

CFPB Monitor

MARCH 15, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

California 78

California Innovation Utah West Virginia 78

CFPB Monitor

AUGUST 1, 2018

The FDIC has not yet responded.

FDIC 68

FDIC Regulation Innovation Resources 68

PYMNTS

DECEMBER 10, 2018

The statement gave a nod to “private sector innovation” that can use tech to detect and report financial crimes such as money laundering and terrorist financing. According to the statement, the agencies said they would consider bank pilot programs. This would be the first boost in 25 years.

Regulation 172

Regulation Fintech FDIC National 172

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

South State Correspondent

JULY 30, 2023

Bank ROE Historical Performance Total assets for all FDIC-insured institutions was $23.7T The model formula appears below: Expected return = risk-free rate + (asset beta X (market return – risk-free rate)) CAPM allows us to measure the expected ROE that investors demand to retain bank ownership. as of Q1/23. in the long run.

Community Bank 195

Community Bank Community Capital Policies 195

PYMNTS

AUGUST 12, 2019

“At Joust, we understand the growing market of self-employed workers, freelancers and small businesses, and their need for an all-in-one banking solution –especially one that gives them the same benefits enjoyed by major corporations. The bank combines an FDIC-insured account and a merchant account and accepts a variety of payments.

Payments 143

Payments FDIC User Experience Apple 143

Abrigo

JANUARY 4, 2023

Crypto market a perfect environment for fraud. The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC. Consumers are accustomed to upgrades as part of innovative technology.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

JULY 25, 2019

In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. market as an example of the co-existence and collision of cash and digital payments.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

APRIL 29, 2019

Last week Robinhood, the company behind the free mobile trading app, filed an application to open an online bank that would be FDIC insured and offer high rates on savings and low rates on credit cards. Robinhood currently uses innovative technologies to deliver brokerage services to U.S. There will be no fees attached to the account.

FDIC 112

FDIC New York Mobile Online 112

PYMNTS

MARCH 7, 2017

The Accion Frontier Inclusion Fund is setting its sights on emerging markets in Sub-Saharan Africa, Latin America and Asia that have shown the most potential for inclusive FinTech. The Fund will support innovators using new technologies to help create a financial system that works for everyone. FDIC), U.S.

FDIC 100

FDIC Capital Fintech Analytics 100

Ublocal

FEBRUARY 7, 2024

’ Among the many ways to invest, the stock market is like a fertile field for your money, providing a chance to significantly increase your wealth over time. Let’s delve into why the stock market is a great place for your money to grow. However, the stock market is where acorns can transform into mighty oaks.

New Hampshire 98

New Hampshire Vermont Strategy Marketing 98

Abrigo

MAY 5, 2022

or largely focused on the domestic banking market. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. Check them all out in our Knowledge Center. keep me informed.

Community 195

Community Lending Maine Resources 195

Independent Banker

JULY 31, 2022

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

SEPTEMBER 10, 2020

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78

Utah California FDIC West Virginia 78

Gonzobanker

FEBRUARY 1, 2024

We can’t sleep on non-bank competition, bigger banks controlling even greater market share, or big tech and embedded finance. 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.” Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

PYMNTS

MAY 24, 2018

In a press release, the trade group said that in the past, the guidance has been to discourage these types of small-dollar loans; after the guidance was rescinded, banks weren’t sure whether they would be able to go back into the market. In any market, robust competition is a win for consumers.

FDIC 100

FDIC Lending Regulation Study 100

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Libeo said it will deploy the investment to expand its platform to more businesses free of charge as it helps firms navigate current market disruption. As an FDIC insured bank in the U.S.,

Fintech 193

Fintech Capital Security FDIC 193

PYMNTS

MAY 23, 2019

The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card. However, it is combined with an FDIC-backed checking account called Zero Checking. Zero announced an $8.5 in a statement.

Cards 135

Cards Millennials FDIC ATM 135

PYMNTS

OCTOBER 21, 2020

But unlike lotteries where you buy tickets – which Moelis calls the worst bet you can make – Yotta’s savings accounts are FDIC-insured through its partner Evolve Bank & Trust. Moelis said the firm plans to use the money to increase marketing and to hire engineers and development people to test and explore new channels. he said.

FDIC 232

FDIC New York Tools Marketing 232

Abrigo

AUGUST 6, 2021

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). according to FFIEC and FDIC data. Acquisitions allow organizations to spread costs across a larger asset base, recognize synergies within business lines, reduce staff, and consolidate branches in overlapping markets.

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

MAY 27, 2020

The pandemic has accelerated the digital roadmap for everyone in financial services, giving rise to more innovation in the past few months than had been seen over the course of several years. HMBradley offers FDIC-insured accounts through Hatch Bank based in California, and rates of about 3 percent on its savings accounts.

Fintech 236

Fintech Innovation Digital Banking FDIC 236

PYMNTS

NOVEMBER 1, 2018

report: “The rise of digital innovators in financial services presents a significant threat to the traditional business models of retail banks.”. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. And that marketing should build on the inherent advantages of legacy financial institutions.

Fintech 191

Fintech UX Mobile FDIC 191

PYMNTS

NOVEMBER 30, 2018

According to The Next Web , Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC -insured accounts and banking services, as well as Visa -branded credit cards and other cryptocurrency services.

blockchain 136

blockchain Bitcoin cryptocurrency FDIC 136

CFPB Monitor

DECEMBER 21, 2021

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with Wheels Financial Group, LLC d/b/a LoanMart, a California-based company that markets and services automobile title loans. LoanMart holds a CFL license.

California 78

California Utah FDIC Regulation 78

PYMNTS

JANUARY 26, 2021

In terms of the mechanics of the partnership, Johnson explained, Ternio allows other innovative companies access to Visa’s rails, with the ultimate goal of taking the "integrating it into the blockchain world.”. And they really are ready to go to market.”.

cryptocurrency 256

cryptocurrency Bitcoin blockchain FDIC 256

PYMNTS

JULY 11, 2018

Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States.

Digital Banking 103

Digital Banking United States FDIC ATM 103

PYMNTS

DECEMBER 20, 2018

SWIFT , the messaging service, said earlier this week that its SWIFT global payments innovation (gpi) service is being used for a majority — as in 55 percent — of its cross-border traffic. 19) announcement, the company said the application is with the Federal Deposit Insurance Corporation (FDIC). In its Wednesday (Dec.

Utah 134

Utah FDIC System Retail 134

PYMNTS

NOVEMBER 23, 2020

Figure Pay, he said, with the ability to scan QR codes at checkout, is predicated on the concept of using a blockchain payment rail in lieu of interchange as the network is built out — and across a swath of merchants as large as Walmart and small as localized farmers’ markets (in a type of “barbell” approach) upon initial launch early next year.

National 215

National blockchain Montana Lending 215

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. Community banks and the entire banking industry face downside risks from inflation, rising market interest rates, and continued geopolitical uncertainty, the FDIC said recently in its quarterly report.

Technology 195

Technology Lending Community Software 195

PYMNTS

JUNE 19, 2020

FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic. Can Telehealth And Other Innovations Cure America’s Post-Pandemic Medical-Cost Woes? Enterprises of all sizes, however, are tapping into the debt markets – a move that could make a corporate landscape full of zombie companies. The profits just hit $18.5

Payments 151

Payments United States FDIC Retail 151

Jeff For Banks

JUNE 2, 2023

In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). What caused a dot-com bubble? What caused it? credit default swaps anyone?).

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

OCTOBER 6, 2022

A California state court has overruled the demurrer filed by Opportunity Financial, LLC (OppFi) to the cross-complaint filed by the California Department of Financial Protection and Innovation (DFPI) in which OppFi asked the court to reject the DFPI’s “true lender” challenge.

California 78

California FDIC Analysis Utah 78

Independent Banker

MARCH 31, 2022

For a community bank to be innovative means you need to make big bets with your depositors’ capital—and that’s something we take very seriously,” Thurlow says. “By By working with other banks, we can share the costs, which allows us to take bigger bets on innovation than each of us could do on our own.”. The whole package.

Community Bank 91

Community Bank Community Payments Meeting 91

Bank Innovation

FEBRUARY 18, 2019

CEO James Gutierrez told Bank Innovation his vision is for Aura's 1,200 storefront partner locations to grow to 20,000 locations, including […].

San Francisco 186

San Francisco Fintech Innovation Security 186