Friday’s stock market rout — where markets plummeted in the wake of a surprisingly strong jobs report that splashed cold water on interest rate cuts from the Fed — added to the CE 100 Index’s downward momentum of this past week. The overall index slipped...
While the cryptocurrency market continues to oscillate between hype and real-world potential, many of the world’s biggest banks have for years been quietly cutting their teeth on the technology that underpins it: blockchain. For at least the past few years, a handful of pilot initiatives...
The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation. Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.”...
The news this week that the Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body — to help determine how permissioned financial data will be shared during the rise of open banking — illuminates the long and winding road ahead....
January 13, 2025
As platforms, corporates and financial institutions scale and bring personalized financial products and solutions to their end customers, application programming interfaces (APIs) are proving to be a critical lifeline. They connect third-party applications, data and developers to shorten the time to market for those innovations as developer teams help enable alternative payment methods, like virtual […]
January 13, 2025
Friday’s stock market rout — where markets plummeted in the wake of a surprisingly strong jobs report that splashed cold water on interest rate cuts from the Fed — added...
January 09, 2025
The news this week that the Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body — to help determine how permissioned financial data will be...
January 08, 2025
Small and mid-sized businesses (SMBs) are considering a switch from national banks to local financial institutions (FIs) like community banks and credit unions (CUs). While the convenience of national banks...
January 09, 2025
The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation. Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.” In addition, Hill said the committee would “ensure agencies are […]
January 09, 2025
UBS reportedly could settle a case this week involving Credit Suisse, which UBS acquired in 2023. The bank is set to pay hundreds of millions of dollars in the settlement...
January 08, 2025
The Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body, allowing it to issue standards that companies can use to help them comply with...
January 07, 2025
A Bank for International Settlements (BIS) committee has announced the next steps it will take to promote the adoption of its harmonized ISO 20022 data requirements for enhanced processing of cross-border...
