The collapse of Synapse, a financial technology firm, has sent shockwaves through the fintech world, exposing significant weaknesses in regulatory oversight. In response, the Federal Deposit Insurance Corporation (FDIC) has proposed new rules aimed at better regulating the partnerships between
Technological advancements have continuously reshaped various industries, and the financial services sector is no exception. As fintech solutions and artificial intelligence (AI) find their footing in this space, they are driving unprecedented transformation, from enhancing operational efficiency
Ramp Network, a leading player in the crypto infrastructure sector, has made remarkable strides in expanding its services and simplifying cryptocurrency transactions for a diverse range of users. The company has successfully broadened its reach, now offering services to residents in all 50 US
Arch Lending, a prominent New York-based fintech start-up, has recently made waves in the financial sector by securing a substantial $75 million in equity and debt financing. This financial milestone has the potential to set new benchmarks in the domain of crypto-backed loans. As the company gears
PrivacyHawk, a leading consumer data protection firm, has achieved a tremendous milestone by surpassing 1 million users within just two years of its operation. The company's remarkable success is accentuated not only by its rapid user growth but also by the fact that it has recently secured $3
The burgeoning field of embedded finance has gained notable traction in the Philippines, transforming the way financial services are integrated into everyday business operations across various sectors. According to the Philippines Fintech Report 2024, the industry is slated to expand at an
The fintech world and retail landscape are experiencing significant shifts. PrizePool, a neobank renowned for offering attractive banking rewards, has announced the closure of its consumer app, leaving many customers in a scramble to reroute their financial activities. Amid its acquisition, the
In an ambitious bid to understand the rapidly evolving relationship between traditional banks and the burgeoning fintech sector, U.S. banking regulators have issued a comprehensive request for information (RFI). Released by the Office of the Comptroller of the Currency (OCC), the Federal Reserve
The financial technology sector is witnessing a substantial shift as community banks increasingly adopt innovative solutions to enhance their offerings. Northeast Bank, based in Minnesota, has embraced this trend through a strategic partnership with Corserv. This initiative aims to introduce a new
Cybersecurity remains a critical concern in today’s digital landscape, particularly for startups and small to medium-sized businesses (SMBs). Often, these companies struggle to implement robust security measures due to limited resources and expertise. The emergence of Endari, a new cybersecurity
