Regulators want America’s biggest banks to help cover the cost of the recent banking crisis. The Federal Deposit Insurance Corp. (FDIC) is weighing the idea of shifting a large chunk of the $23 billion cost of two high-profile bank failures to large lenders like J.P....
Revolut’s response to an audit of its books has reportedly drawn criticism from its board. Earlier this month, the British FinTech had announced that an opinion by auditors “confirmed that ‘the financial statements give a true and fair view’” of its business. But as the...
For financial institutions — credit unions, especially — fighting fraud is a nuanced battle. Karen Postma, managing vice president of risk analytics and fraud services at PSCU, told PYMNTS that FIs are grappling with the rising tides of first-party and third-party fraud. The pandemic has...
Inflation is a pressure point, and consumers are pulling back on discretionary spending. And it may be the memberships — specifically the “value add” offered by those memberships — that keep individuals and families spending with a select few retailers. In other words, with the...
Bud Financial has expanded into the United States. The U.K.-based provider of open banking and transactional data intelligence has already made key hires as it goes to market in the U.S., Bud said in a Wednesday (March 29) press release. “We are thrilled to bring...
Pinwheel has partnered with Visa to provide consumer-permissioned income and employment data to businesses. By joining the Visa Fintech Connect Program, Pinwheel can provide this data to merchants, financial institutions and FinTech companies more easily and with additional security and compliance, the companies said in a Wednesday (March 29) press...
The RealReal has added resources to help consignors do business on the luxury resale marketplace. The firm has enhanced its consignment service model and added new sources of pricing data, The RealReal said in a Wednesday (March 29) press release. “Between their designated team and...
Grocers’ efforts to drive digital engagement have led to a surge in online food purchases. The Context Leading grocers have been expanding their digital businesses, both investing in their consumer-facing platforms and building out their internal fulfillment capabilities. Take, for instance, Kroger, which has been driving...
DWF Labs has reportedly invested $40 million in Fetch.ai. Fetch.ai will use the new funding from the global digital asset market maker and Web3 investment firm to further its aim of providing an autonomous machine-to-machine ecosystem to help developers deploy and monetize their applications, CoinDesk...
