banking

Fed Action Against Customers Bank Underscores Crypto’s Challenges

Fed Action Against Customers Bank Underscores Crypto’s Challenges
Fed Action Against Customers Bank Underscores Crypto’s Challenges
August 12, 2024  |  Cryptocurrency

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers...

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77% of Consumers Expect Banks to Use AI to Fight Fraud
77% of Consumers Expect Banks to Use AI to Fight Fraud
August 12, 2024  |  Fraud Prevention

Real-time payments, known for their speed and immediacy, have faced adoption hurdles primarily due to perceptions about security. As financial institutions (FIs) and payments providers...

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Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
August 07, 2024  |  Bank Regulation

The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on...

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NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s Long-Term Potential
NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s Long-Term Potential
August 07, 2024  |  Banking

Publicly traded companies are marked to market each and every day. And when quarterly results roll in, investors parse the data, the top line and...

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Banks Eye BNPL as Way to Reach Gen Z
Banks Eye BNPL as Way to Reach Gen Z
August 07, 2024  |  BNPL

As the financial landscape continues to evolve, traditional banks face an increasing challenge from digital-native FinTechs. The recent surge in buy now, pay later (BNPL)...

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Marqeta Becomes Issuer-Processor for Varo Bank
Marqeta Becomes Issuer-Processor for Varo Bank
August 06, 2024  |  Partnerships

Card issuing platform Marqeta has been named issuer-processor for online bank Varo. “Varo selected Marqeta for its ability to combine sophisticated virtual, tokenized and physical card-issuing technology with...

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UK Neobank Monzo Customer Count Exceeds 10 Million
UK Neobank Monzo Customer Count Exceeds 10 Million
August 06, 2024  |  Banking

British digital bank Monzo says it has more than 10 million personal customers.  This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached...

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Cardinal Credit Union’s Digital Leap: Financial Education Meets Modern Banking
Cardinal Credit Union’s Digital Leap: Financial Education Meets Modern Banking
August 06, 2024  |  Credit Unions

Cardinal Credit Union, a 71-year-old CU based in Ohio, is rooted in bringing financial education to the community and in educating younger generations. But the...

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