Elemi Bank applies to FDIC and seeks $25m in capital to launch corporate offering
The bank is expected to establish itself as a state-chartered, corporate bank with a B2B offering.
The bank is expected to establish itself as a state-chartered, corporate bank with a B2B offering.
The report also covers the current market, credit and compliance risks being faced by FIs.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
The European Parliament approved final implementation deadlines for SEPA instant payments on 7 November.
SoFi’s cryptocurrency services will formally end on 19 December.
The US banking giant is aiming to boost its presence and service offerings in the UAE.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Binance has agreed to pay $4.3bn in “one of the largest corporate penalties in US history”.
Kraken says it disagrees with the allegations and aims to “vigorously defend” itself in court.
The bank was flagged by the OCC last year for “unsafe or unsound” practices concerning its BaaS business.
Enova says it has reached an agreement with the CFPB, with the majority of items being self-reported by the firm.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The first two quarters of this year saw global enforcement fines amount to $1.5bn and $2.27bn, respectively.
Consolidation and M&As can create an environment where dynamic regional banking ecosystems can flourish.
Cash App had been pursuing a VASP licence in the country since 2021.
Having regulators test AI before release will ensure a much better understanding of its capabilities.
The mindset of today’s investors and the importance of maintaining a competitive edge.
The proposals will target 17 companies who control 88% of the market share.
We chat with Ecommpay’s Olga Karablina about the state of play of open banking adoption worldwide.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
As regulatory sands shift, businesses should be confident moving towards open banking.
In this podcast episode recorded live at Money20/20 USA, we chat with Scot Lenoir, Chairman of Evolve Bank & Trust.
Reserve board member and governor Michelle Bowman has opposed the revised cap.
JP Morgan Payments will leverage Trulioo’s person match and identity document verification services.
With the licence, Elavon intends to offer authorisation, settlement, card machines, and banking services in the UK.
In this episode of the podcast, we’re joined by Teresa Cameron, Finance Director at Clear Junction.
The Board alleges that the bank violated customer identification rules.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Through the partnership, Generali Investments Holding will utilise Fenergo’s client lifecycle management solution.
In this episode of the podcast, we’re joined by Arthur Ribakovs, Director of Financial Partnerships at Ecommpay.
The company has now raised more than $500 million since its inception in 2015.
As ESG transitions towards a matter of law and compliance, a lack of focus could have very serious consequences.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The CFPB has made it clear to banks that people are entitled to get basic information without having to pay junk fees.
Nvayo says that it “is working with the FCA to resolve their concerns and hope to find a solution”.
According to documents seen by CNBC, the SEC’s Boston office has been investigating Freedom for months.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
AI can’t replicate human nuance nor can it fully comprehend the human motivations for committing fraud.