BRAINTREE, Mass. – Tremont CU, which serves residents of greater Boston and more than 200 select groups, was approved by the Massachusetts Department of Banking to add more than 100,000 members of the Massachusetts Fisherman’s Partnership Inc., which consists of 20 subsidiary member organizations.
The $175-million credit union currently serves Suffolk, Norfolk and Middlesex counties and a broad variety of select groups.
The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
Oil rights can be a surprisingly illiquid asset. A fintech called Frontlands is hoping to change that by offering a credit card for the owners of oil wells and other natural resources.
The fintech rolled out Intelligent Money Movement, a treasury service that combines payments, liquidity management and disbursements as it looks to capitalize on its multiple banking licenses.
Most banks are likely not large enough to not support stablecoins and tokenized deposits on their own, creating a new way for legacy IT firms to compete with fintechs.
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.
The payments processing firm recently filed for Chapter 7 bankruptcy with a nearly $3 million disputed charge owed to a subsidiary of Global Payments.
