The Dutch fintech company's hiring plans stand out amid a wave of tech industry layoffs as funding slows.

Fierce, which Rob Cornish launched Wednesday, offers a high-yield cash account and the ability to buy securities, including fractional shares.

The Federal Deposit Insurance Corp. has lowered the Utah bank's CRA score to "needs to improve," putting other banks that work with high-rate lenders on notice. 

Mike Cagney, the former chief executive of the lending giant SoFi, is searching for investors for his latest startup, Figure Technologies. The company, which builds financial products on a blockchain, is also seeking to spin off some product lines as it navigates a dramatic industry downturn.

Brandon Krieg, the former CEO of the investing and banking app provider, will head up a new unit that focuses on employers.

Fidelity National Information Services has so far eliminated 2,600 staffers as new Chief Executive Stephanie Ferris continues her strategic review of the financial-technology giant's business.

The current interest rate environment advantages banks over their fintech competitors. That can't be allowed to stifle invention.

As companies downsize and restructure, American Banker is tracking these decisions to help our readers understand how their industries are adapting.

The San Mateo, California-based online consumer lender has now laid off some 500 employees in recent months. The downsizing reflects broader challenges in the tech industry, but it also comes as Upstart struggles to get enough funding for its loans.

In this month's roundup of American Banker's favorite stories: Development of central bank digital currencies gains momentum, ongoing lawsuits against JPMorgan Chase and PNC address the banks' liability and more.