Technology

To meet the growing demand, banks are faced with a choice of hiring, reskilling or outsourcing.

A recent announcement from the CFPB makes clear that the agency expects banks to adopt multifactor authentication, password management and security patching.

Despite facing backlash last year after erroneously closing some customer accounts, the fintech continues to generate buzz.

The Federal Reserve Board's new guidance comes as the central bank is slated to decide whether to grant Custodia, a Cheyenne, Wyo.-based crypto firm, a master account.

It's surprising given the cryptocurrency's volatility, but the New York Yankees, the Houston Rockets, MVB Bank and Vantage Bank are among the companies that have begun letting employees invest some of each paycheck in bitcoin in recent months.

Mastercard is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments. 

The two major tech firms were targeted in an intricate phishing scheme last week. One fended off the attack; the other was not so fortunate.

Digit engaged in deceptive acts or practices by routinely causing checking accounts to overdraft, the Consumer Financial Protection Bureau said.

Direct connectivity between the cross-border payment company and the data aggregator will let Wise's 13 million customers use the 6,000 fintech apps in Plaid's network without the need for a bank account.

Websites such as Credit Karma and LendingTree, which work closely with financial institutions, have had to rethink their strategies to bounce back from the pandemic.