Federal regulators have cited Crypto and FinTech-focused lender Cross River Bank. The Federal Deposit Insurance Corp. (FDIC) issued a cease-and-desist order against the New Jersey-based bank due to its lending practices, the agency announced Friday (April 28). According to an order from the FDIC, issued March 8, Cross River...
Greengage has launched an eMoney account service facilitating payments in British pounds sterling and euros. This new offering from the United Kingdom digital merchant banking firm is designed for small and medium-sized businesses (SMBs), high net worth individuals (HNWs) and digital asset firms, Greengage said...
Digitization across the banking landscape is a one-way street that is only accelerating. As modern solutions and systems take the marketplace by storm, it is imperative that firms establish both a culture of compliance and an elastic, scalable risk management framework in order to take...
People can’t seem to decide which digital banking experience they like best, which would explain the tangle of tied scores and new or returning names to PYMNTS’ Provider Ranking of Digital Banking Apps. It would also explain why there are currently 16 apps in a Top...
After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an important milestone for the country’s payment and FinTech landscape, Samira Nwaturuocha, COO and chief risk and security officer at Lagos-based...
For Apple, crafting a financial services ecosystem — spanning payments, credit and deposits — needs banks and FinTechs in the mix. And it is savings that can tie the far-flung providers, accounts and offerings together. With the tech behemoth’s recent launch of a high-yield savings...
Fears of a recession are stressing consumers and complicating banks’ efforts to deliver winning customer service. More than eight in 10 bank executives, for example, reported that their banks increased their technology budgets over the previous year, with a substantial 63% implementing or upgrading payments...
The Apple/Goldman Sachs joint efforts to make inroads into consumer banking continue. And for Apple, the debut of a Goldman Sachs savings account — geared to Apple Card holders — is a bid to cement the ecosystem that takes the tech giant ever further afield...
Liberty Bank has launched a digital bank designed for small business owners. The new Owners Bank is initially available in Rhode Island, Massachusetts, Connecticut and Pennsylvania and will later launch nationally, the Connecticut-based independent mutual bank said in a Monday (April 17) press release. “Big banks often fall short...
