The Office of the Comptroller of Currency (OCC) released its semi-annual risk report on Monday, highlighting the key issues the federal banking system faces as financial institutions continue to weather the pandemic. Amid operational, credit compliance and strategic risks, the OCC cautioned banks of the evolving cyber and ransomware attacks the regulator has increasingly witnessed.
Nearside (formerly Hatch), a fintech offering checking accounts and rewards programs to small- and medium-sized businesses, announced raising a $58 million Series B led by Valar Ventures, according to a press release.
For new, fast-growing fintechs, mastering the user experience and refining product capabilities can be a significant investment. The challenge is that financial services customers also demand a seamless customer service experience. According to a survey by enterprise contact center platform Talkdesk last year, two-thirds of the nearly 900 consumers polled said one bad customer experience […]
Britain’s Financial Conduct Authority unveiled a new set of rulings on Friday that aims to supercharge London’s role as a global center for listing companies, on par with that of the NYSE and the EU following Brexit.
Meta, the Big Tech firm formerly known as Facebook, has begun testing a new payments feature within its Messenger platform known as Split Payments, according to a company blog post.
Global card-issuing platform Marqeta is partnering with First National Bank of Omaha (FNBO) to expand the bank’s credit card offerings via Marqeta’s APIs.
MX, a financial data platform and modern connectivity fintech, announced partnering with Florida’s largest credit union in membership and assets, Suncoast Credit Union, according to a press release shared with FinLedger.
Shibani Sanan grew up studying medicine, with plans to be a doctor. In her spare time, she taught herself to code and design software, eventually leading to a number of consulting jobs in India. Having grown more passionate about software development, Sanan spent the last 20+ years leading both small and large tech teams at […]
Global blockchain security firm CertiK is fintech’s newest Unicorn after announcing an $80 million Series B2 funding round.
The Consumer Financial Protection Bureau (CFPB) is enhancing its enforcement scrutiny of banks that are “heavily dependent” on overdraft and non-sufficient funds (NSF) fees after research by the government watchdog found banks pulled in an estimated $15.47 billion in 2019 via these penalties. According to a Wednesday report from the CFPB, three banks in particular—JPMorgan […]
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