Galileo Financial Technologies has introduced a product that automates deposit sweeps for FinTechs, enabling them to offer more competitive returns and peace of mind to customers whose balances exceed the FDIC insurance limit. The new Galileo Deposit Sweep facilitates the data exchange and reporting framework...
The credit risk associated with large, syndicated bank loans remains moderate, although there are some continuing trends in weakened credit quality, three federal bank regulatory agencies said Monday (March 10). That’s according to a Monday press release from the Federal Reserve Board, the Federal Deposit...
American consumers are missing monthly car payments at the highest rate since 1994. The share of subprime auto borrowers who were at least 60 days delinquent on their payments climbed to 6.56% in January, Bloomberg News reported Thursday (March 6), citing data from Fitch Ratings. That figure is...
There have been pockets of momentum to curb interest rates charged for balances credit cards and for loans extended by FinTechs. But the impact may be one where lending is actually curtailed, particularly as a few states have sought to winnow down rates lenders can...
January 29, 2025
The state and stability of one’s job — and by extension, earnings prospects — lies at the heart of consumers’ confidence over their own financial condition, both in the present and in the future. Recent data — from both PYMNTS Intelligence and from surveys elsewhere about over consumer confidence — indicate that there’s a bit […]
January 13, 2025
Every three months, some of the biggest names in banking report earnings, all on the same day, kicking off an avalanche of quarterly reports across all manner of sectors. The roster...
January 03, 2025
By any stretch of the imagination, for the FinTech IPO Index, the last 12 months have been largely kind. Headed into 2025, the index was up more than 58% through...
November 26, 2024
Headed into Black Friday, consumers are more positive than they have been in months. That’s among the takeaways from the latest reading of The Conference Board’s Consumer Confidence Index released...
April 08, 2025
Galileo Financial Technologies has introduced a product that automates deposit sweeps for FinTechs, enabling them to offer more competitive returns and peace of mind to customers whose balances exceed the FDIC insurance limit. The new Galileo Deposit Sweep facilitates the data exchange and reporting framework for FinTechs that collaborate with a deposit sweep provider and […]
March 10, 2025
The credit risk associated with large, syndicated bank loans remains moderate, although there are some continuing trends in weakened credit quality, three federal bank regulatory agencies said Monday (March 10)....
March 06, 2025
American consumers are missing monthly car payments at the highest rate since 1994. The share of subprime auto borrowers who were at least 60 days delinquent on their payments climbed...
March 02, 2025
High interest rates. Pending tariffs on a wealth of foreign imports. Concerns about mass deportations. Taken together, these factors are all driving a drop in demand for home improvement projects,...
