The Latest

Rapyd's new venture capital arm seeks companies that can develop or benefit from an international identity verification system.

A congressional hearing on reforming the National Flood Insurance Program focused on whether mortgage companies need to disclose incremental risks even if a homeowner lives outside a federally designated floodplain.

With a big assist from M&T Bank, the software developer Magnusmode has added step-by-step instructions for conducting essential banking activities to its mobile service that caters to consumers on the autism spectrum.

After agreeing in March to be sold to a Florida real estate firm, Sunnyside accepted a higher bid from one of its investors, Rhodium BA Holdings.

A European Union regulation that promotes data sharing among banks and third parties is making it easier for neobanks like Tide and Monese and other companies to help small merchants track their cash flow and access credit.

Goldman Sachs Group and JPMorgan Chase are ditching safeguards on credit lines to CLO managers, to defend their market share as arrangers in the lucrative business.

A slew of websites operated by financial institutions, governments and airlines including Hong Kong Exchanges & Clearing and Australia’s central bank went down briefly Thursday in the second global internet outage in two weeks.

The move is part of an effort by the largest U.S.-based bank to bring more of its digital banking services to other countries.

The New Jersey bank has been informally funding startups for more than a year. Now it has established Cross River Digital Ventures, which will focus on backing fintechs the bank wants to work with or ones that it feels will benefit the broader industry.

The Biden administration wants financial institutions to tell the government more about their customers to help the IRS thwart wealthy tax evaders. But critics say the plan could threaten account data security and the privacy of even low-income consumers.