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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Montgomery will also retain his position at the Boston Fed, where he focuses on services for the U.S.

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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). a financial services holding company based in Kansas City, Missouri. This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”.

FDIC 166
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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. In the recent publication, Community Banks’ Ongoing Role in the U.S. Digitalization.

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Onward Financial’s Employer-Backed Payday Loan Alternative

PYMNTS

In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial. The first is practicality – the vast majority of the financially unstable derive their income from work, and the source of that income is an ideal point to start managing money. But now, they are ready to think about expanding.

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Hospital ERPs Find Promise In The Cloud

PYMNTS

Cloud technology is relatively old, considering the pace of innovation in the back office. However, that doesn’t mean every business has taken this seemingly basic first step in digital transformation.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

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EyeVerify Teams Up with BioConnect to Boost Payment Security

Fintech Labs Insights

BioConnect VP Bianca Lopes said EyeVerify’s solutions had “the highest standards of mobile-friendly security and built perfectly for the financial services industry: secure and frictionless.” See EyeVerify and more than 70 other fintech innovators as they demonstrate their latest technologies live on stage.