In a substantial regulatory crackdown that underscores frequent and severe non-compliance within the financial sector, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have levied fines totaling $477.75 million against 26 broker-dealers and investment
Leeds Credit Union (LCU) is taking a significant step forward by introducing a new loan decisioning platform in collaboration with tech partners LendingMetrics and Singlify. The new initiative is geared toward transforming the loan approval process, making it faster, more accurate, and ultimately
Linker Finance, a forward-thinking FinTech company, has recently secured $3.7 million in a successful seed funding round. This substantial investment aims to enhance the digital capabilities of community banks across the United States, helping them compete more effectively with larger financial
Founded in 2020, RelyComply has quickly grown to become a notable player in the RegTech industry. Known for its comprehensive, single-platform Anti-Money Laundering (AML) solutions, the company has recently announced a strategic rebranding effort aimed at better communicating its value propositions
How Is Surety Bank Transforming with Apiture's Digital Platform? Surety Bank, a community bank based in Florida, has embarked on a significant digital transformation journey to modernize its banking services. The bank has partnered with Apiture, a leading provider of digital banking solutions,
The financial industry has undergone rapid transformations over the past decade, especially in the realm of online payment solutions. Major advancements in technology, changing consumer behaviors, and global moves toward digitalization are key drivers of this shift. As we look towards the future in
The fintech industry in 2024 is in the midst of transformative changes driven by significant technological trends and innovations. These trends are revolutionizing financial services, making them more efficient, secure, and customer-centric. Amid the myriad advancements, the role of Artificial
The tech industry is undergoing rapid transformations, impacting various sectors from electric vehicles (EVs) to blockchain and beyond. Recent developments in the electric vehicle market, cryptocurrency challenges, and tech innovations have reshaped the landscape. Battling fierce competition,
In today’s fast-paced digital landscape, the financial sector faces mounting pressure to enhance its anti-money laundering (AML) and Know Your Customer (KYC) processes. Traditional methods are proving insufficient as the volume of data grows exponentially, particularly unstructured data such as e
Multitude SE, a leading European FinTech company specializing in digital lending and online banking services, has unveiled its financial performance for the first half of 2024. The company reported significant growth in both revenue and earnings before interest and taxes (EBIT), though a slight dip
