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Comparing and Contrasting FedNow and the RTP Network

Tapping the Cloud for Accelerated Banking Innovation

Credit Unions and Community Banks Gain Credit Card Issuing Momentum

How Open Banking Can Provide Fast and Easy Consumer Payouts
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Fraud Prevention
90% of FIs Leverage Fraud-Prevention APIs as Crime-Fighting Tool
Federal Reserve building Bank Regulation
Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
Credit Cards
Nearly 1 in 5 Big Revolving Credit Users May Choose a Credit Union for Next Card
Bank of England artificial intelligence
Bank of England: AI Could Threaten UK Financial System
Fraud Prevention
FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
Acquisitions
JPMorgan Says It Is Meeting Integration Milestones Since Acquiring First Republic
Banking
Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
Security & Fraud
Treasury Prime and Effectiv Team on Fraud Detection for Companies and Banks
Bank Regulation
Bank Execs Expected to Push Back Against Capital Hikes
SMBs
Bluevine Says Business Checking Propels Managed Deposits to $1 Billion
Artificial Intelligence
Gen Z Interested in AI-Enabled Banking Experiences Despite Privacy Concerns
CBDC
BIS: CBDCs Need Risk Management Framework to Counter ’Operational Risks’
Cryptocurrency
Algorand Foundation Invests in Afghanistan’s HesabPay
Subscriptions
Millennials Want Payments Security in Their Retail Subscriptions
Faster Payments
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
Safety and Security
Nearly 40% of Millennials Want More Visible Security Measures for Routine Transactions

digital first banking

Digital-First Banking  ●   November 1, 2023
PayPal Gets Approval to Offer Crypto-Asset Activities in UK

PayPal received approval from the Financial Conduct Authority (FCA) on Tuesday (Oct. 31) to offer crypto-asset activities in the United Kingdom. The FCA has implemented stricter rules on marketing crypto assets, causing issues for some companies, Reuters reported Wednesday (Nov. 1). Those wishing to offer crypto assets in the U.K. must demonstrate sufficient safeguards against...

challenger banks

Banking  ●   October 8, 2023
Metro Bank Secures $1.1 Billion From Investors

England’s Metro Bank has reportedly secured $1.1 billion from investors following a rocky week. As Bloomberg News reported Sunday (Oct. 8), the funding package is comprised of a £325 million capital raise, comprising £150 million ($183 million) of new equity and £175 million ($213 million) in new MREL issuance. In addition, Metro will...

online banking

bank closures, brick and mortar, digital banking Banking  ●   October 27, 2023
Banks Closed 11% of Supermarket Branches Over Past Year

While brick-and-mortar bank branches have been closing for years, those located within supermarkets are reportedly shutting at a rate that is seven times higher than that of other branches. American banks closed 10.7% of their in-store branches in the year ended June 30, compared to a closure rate of only...

mobile banking

Earnings  ●   November 7, 2023
MoneyLion Revenue Rises Amid Changing Loan Landscape

MoneyLion said it recorded rising revenue this quarter after developing new personal finance tools. The financial app released quarterly earnings Tuesday (Nov. 7) showing revenues of $110 million, up 24% from the same quarter last year.  Co-Founder and CEO Dee Choubey said the results show the “strength and resiliency” of MoneyLion’s business,...

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