April 18, 2024
Revolut Invests $100 Million in Mexico as Remittances Jump
Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said the bulk of that investment...
April 11, 2024
OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to...
This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take steps to serve newly arrived...
April 11, 2024
CFPB and EU Eye Consumer Risks of BNPL, AI and...
Consumer protection officials for the United States and the European Commission have met to discuss three shared priorities: buy now, pay later (BNPL), digital payments and artificial intelligence (AI). The...
April 10, 2024
This Week in Web3: Usability, Utility and Oversight
The next iteration of the internet, Web3, has been around for a while now. Meta’s Reality Labs division — the arm of the tech giant that focuses on metaverse, mixed...
April 09, 2024
Keytom Launches Digital Asset-Focused Neobank
Keytom, a neobank centered around digital assets, has announced its launch. The Dubai-based company said its goal is to introduce “a new era of financial management by organizing all digital...
March 26, 2024
Nu Lowers Yield on Savings Accounts in Mexico
Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for the first time since 2021....
March 15, 2024
Customer Is Still King and Queen of Banking Innovation
In a world where change is constant, digitization has become one of life’s certainties. This advancement is coming to even traditionally staid sectors like financial services and banking, spurring profound...
March 07, 2024
CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late fees, and other actions, would...
March 01, 2024
The Ten Second Rule: EU Mandates Instant Payments Availability
Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and...
