Investment

A report from the Financial Stability Oversight Council cited a bigger share of originations and servicing by nonbanks as a potential vulnerability in the financial system.

Nationwide Building Society is investing in the U.K. fintech charity app Percent, broadening Nationwide's support of charities and expanding Percent’s user base beyond its traditional core segment of students and young adults.

The cloud-based payment network Rapyd is adding the newly founded venture capital firm Durable Capital as one of its investors.

The cloud-based payment network Rapyd is adding the newly founded venture capital firm Durable Capital as one of its investors.

While we expect growing consumer demand for biometrics, we also expect to see payments industry players move toward these types of future-proof technologies and away from legacy password-type systems, says Nuance Communications' Simon Marchand.

In a move to aid faster expansion and provide more security and regulatory compliance tools, Sweden's Klarna Bank is strengthening its longtime relationship with Amazon Web Services by making it the preferred cloud provider.

In a move to aid faster expansion and provide more security and regulatory compliance tools, Klarna Bank in Sweden is strengthening its longtime relationship with Amazon Web Services by making it the bank's preferred cloud provider.

Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely.

New tech like APIs and artificial intelligence will help consumers manage all their finances through an app, rather than just transfer funds.

The bank will continue to hold cash in sweep accounts until 2031, although at a lower rate; capital requirements could lead big banks to hold off lending.