When the CFPB released their long-awaited proposal on open banking rules in October there was cautious optimism from both banking and fintech groups. Fast forward two and a half months, when everyone has had a chance to fully digest the 299-page proposed rulemaking, there are many suggestions for improvement. With the 60-day comment period ending this week, the CFPB […]
Nick Christian, head of national fintech and specialty finance at Silicon Valley Bank, wants startup founders to know that his banking service – now a division of First Citizens Bank – is back in business and raring to go. With the family-run, North Carolina-based, First Citizens Bank holding $214 billion in total assets, $146 billion […]
Enjoying our podcasts? Don’t miss out on future episodes! Please hit that subscribe button on Apple, Spotify, YouTube, or your favorite podcast platform to stay updated with our latest content. Thank you for your support! Siddhartha Jajodia, U.S. CEO and Chief Banking Officer of Revolut Around the world, several digital banks have achieved impressive scale. But most of these […]
Fintech Nexus Newsletter (December 21, 2023): Small business lenders must get ready for Section 1071
In Congress, anything that helps small businesses typically comes with bipartisan support. But section 1071 of Dodd-Frank is a little complicated. It is another section of Dodd-Frank that is still in the process of being implemented (the other being 1033). And many in Congress don’t like it. So what is Section 1071? At first glance, it […]
While more people are shopping online, they are increasingly concerned about their digital security. Might passkeys be the answer? Quintin Stephen believes they will help. Stephen is the global business lead and director of authentication for Giesecke and Devrient (G+D), a global security tech company based in Munich. He said his customers are seeing significant […]
We published more stories in 2023 than any year in our history as we ramped up our journalistic capabilities. It is a good thing because it was a big year for fintech news. Who could have predicted that crazy time in early March when Silicon Valley Bank imploded and it seemed like everyone in fintech […]
Instead of modifying decades-old transaction infrastructure, Spade provides better fraud protection by creating a new system. Customers like Sardine, Mercury, Unit and Ramp have improved their fraud models by more than 15% using Spade’s real-time merchant intelligence for the card ecosystem. Co-founder and CEO Oban MacTavish called providing clean network data the most significant fintech opportunity today. When he […]
Real-time payouts have never mattered more in today’s digital economy. How can a real-time Pay to Card program help differentiate your business? In this webinar, our leading payment experts discuss how a real-time, card-based payments program can help fortify your business margins by providing your end users with control of their cash flow. Our experts will […]
Neu’s path to success will produce financially literate college graduates and a strong bottom line. The journey began in late 2023 with the release of the Neu Card, whose attributes include no late fees and interest charges, a maximum $1,000 spending limit, no Social Security number required, and no credit history or cosigner required. It […]