October 23, 2024 @ 4:30 pm By Omar Faridi  |  

Despite the arrest of key operators in early 2024, Grandoreiro continues to be used by its partners in new campaigns. Kaspersky Global Research and Analysis team (GReAT) has reportedly “discovered a new light version focused on Mexico, targeting around 30 banks.” These findings are to… Read More

 Tagged banking, cybersecurity, kaspersky, malware, mexico, online threats, security

October 23, 2024 @ 4:27 pm By JD Alois  |  

Shares of LendingClub (NYSE:LC) are inching higher after delivering Q3 2024 results. According to the digital bank’s CEO the company had a “standout quarter” CEO Scott Sanborn said that credit performance, a larger balance sheet and strong financial performance delivered good results. “Looking ahead, our… Read More

 Tagged banking, digital bank, lendingclub

October 23, 2024 @ 11:08 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has penalized both Apple (NASDAQ:AAPL) and Goldman Sachs (NYSE:GS) for apparent transgressions in regard to the popular Apple Card. Apple announced its bespoke credit in partnership with Goldman in 2019. The digital/physical offering grew quickly due to its consumer-friendly… Read More

 Tagged apple, apple card, cfpb, enforcement, goldman sachs

October 23, 2024 @ 10:20 am By Michael Wong  |  

Fintech companies are facing a challenging environment in 2024 due to high interest rates and heightened regulatory scrutiny, but they are also discovering new opportunities, according to the latest Future of Fintech Report from Silicon Valley Bank (SVB), a division of First Citizens Bank. Despite… Read More

 Tagged artificial intelligence, fintech, silicon valley bank, venture capital

October 23, 2024 @ 7:32 am By Omar Faridi  |  

European digital banking platform CaixaBank consolidates its position in mobile banking and partners with Apple (NASDAQ:AAPL) to enhance customer experience. CaixaBank closed the first months of the year with 4.4 million customers with cards linked to mobile devices, figures that are “on the rise,” with… Read More

 Tagged apple, banking, CaixaBank, europe, spain

October 23, 2024 @ 7:30 am By Omar Faridi  |  

The number of global banks losing clients to slow and inefficient know your customer (KYC) onboarding practices has surged to a record high this year, according to new research from Fenergo, the provider of solutions for KYC, client lifecycle management (CLM) and transaction monitoring. A… Read More

 Tagged aml, banking, compliance, fenergo, kyc, regtech, research

October 23, 2024 @ 7:25 am By Omar Faridi  |  

A new European initiative has now been introduced in order to improve instant payments between different currencies. The European Central Bank (ECB) is now launching an initiative aimed at making it easier for companies to develop services for making instant payments between different currencies. Initially,… Read More

 Tagged ecb, european central bank, instant payments, riksbank, sweden

October 22, 2024 @ 11:14 pm By Omar Faridi  |  

UK Finance has shared a Half Year Fraud Report 2024. According to the latest update from UK Finance, fraud continues to pose a major “threat” to the United Kingdom as well as potentially cause “serious harm’ to individuals and society in general. During the first… Read More

 Tagged fraud, research, scams, uk, uk finance, united kingdom

October 22, 2024 @ 4:07 pm By JD Alois  |  

  The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect over the next few years. Open Banking or Open Finance addresses the topic of data generated or provided by consumers… Read More

 Tagged casey jennings, cfpb, consumer financial protection bureau, david silberman, Financial Health Network, open banking, perspective, seward and kissel

October 22, 2024 @ 3:24 pm By Omar Faridi  |  

Robinhood Markets (Nasdaq: HOOD) has launched margin investing in the United Kindom. Robinhood Markets noted that their “competitive” rates for UK customers range from 5.2% to 6.25%. At Robinhood Markets, they claim to be empowering customers with the tools they need to navigate the financial… Read More

 Tagged investing, robinhood, trading, uk, united kingdom