As institutions look to ease exposure, digital assets are the largest area of concern, according to American Banker Market Intelligence research
American Banker's BNPL Tradeoff Survey finds risk and regulatory fears are leading many banks and credit unions to hold off on offering the lending product.
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The payments fintech announced that it has applied for a national trust bank charter from the OCC for both bitcoin and stablecoin custody.
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The institution is among the first users of an embedded banking platform from FIS that places financial services and payments inside of the business software.
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Colorado's Attorney General Phil Weiser is suing direct-to-consumer earned wage access provider EarnIn, alleging that the company violated the state's lending laws and challenging its claim that its product is nonrecourse. It is a sign of regulators' continued interest in EWA.
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The instant payments company announced a $155 million fundraise and has filed to acquire Transact Bank, which it wants to convert into TabaPay Bank.
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Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.
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The real value of stablecoins lies in their ability to provide instant and secure transfers of value. But, in a world where every company has a bespoke stablecoin, that promise begins to break down quickly.
The risk facing U.S. banks is not that stablecoins will suddenly siphon deposits through yield alone. It is that deposits will gradually follow utility as financial experiences improve elsewhere.
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
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Real-time payments are only one component, Umar Farooq said.
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When a bank thinks of itself as a tech company, a new set of opportunities and challenges becomes clear.
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Partner Insights from Elan Credit Card - Partner Insights from Elan Credit Card
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Partner Insights from Elan Credit Card - Partner Insights from Elan Credit Card
