FDIC gives Square conditional permission to open a bank
Square is one step closer to launching its bank in 2021 after the Federal Deposit Insurance Corporation (FDIC) board voted to conditionally approve the FinTech’s application for deposit insurance for its Industrial Loan Company bank charter.
Bank of England cancels 2020 stress test
The Bank of England and Prudential Regulation Authority (PRA) have cancelled the 2020 annual stress tests, as part of a host of measures to help the market cope with COVID-19 (coronavirus).
Robert Bell of 86 400 believes that open banking wont show any effects for...
If everything goes according to plan, then Australia will introduce open banking in July. The founder of neobank 86 400 cannot wait, but believes the benefits will take some time to manifest.
CFTC warns against coronavirus-related fraud
The Commodity Futures Trading Commission (CFTC) has warned the public to be on alert for frauds seeking to profit from recent market volatility related to the COVID-19 pandemic.
Zego to offer drivers free 14-day cover for coronavirus cases
Digital insurance platform Zego is now offerings customers who have been forced to self-isolate due to coronavirus with up to 14 days of free cover.
Mastercard and bunq take their relationship to “the next level” by spreading the challenger...
Having gone steady since they first partnered up in 2015, Mastercard and bunq have now expanded their partnership to accelerate the growth of bunq’s card offerings in Europe.
Revolut founder gives his word “that we are doing everything we can to support...
As several European challenger banks move to limit the fallout from the coronavirus, Revolut’s CEO and founder has issued a statement.
Financial institutions prioritising customer experience and lowering fraud – study claims
Financial institutions are prioritising customer experiences and fraud reductions as the demand on remote account opening has increased, a study from cybersecurity company OneSpan claims.
How the coronavirus is forcing businesses and governments to rethink their cybersecurity strategies
Cyber criminals are taking advantage of the COVID-19 pandemic. Now companies and governments are urged to take action.
New automated compliance solution launches in the US
AAAtraq, a new US-based FinTech company offering automated compliance identification management system, has launched its operations.
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