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Charles Potts: Opportunities in the fintech landscape

Independent Banker

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. While challenging for some, this convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

FDIC 166
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Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

Credit card spending is also the highest it has ever been recently, as the market for Mastercard and Visa is higher than $600 billion. House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. Large bank delinquent accounts in Q2 were at 2.44 percent and 6.34 million in Q2.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept.

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