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Since romance frauds generate more than 10 times the money for scammers per event than other types of fraud, 2020 saw a substantial boost in the use of this tactic.
March 11 -
Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.
March 11American Bankers Association -
Slow settlement on traditional rails can cause dangerous delays in moving funds, says AppBrilliance's C. Eric Smith.
March 11AppBrilliance -
Square, LendingClub and SoFi are among the upstarts that once positioned themselves as outsiders but now seek to challenge banks more directly. Here's how they're doing it.
March 10 -
JPMorgan Chase has hired former HSBC executive Jeremy Balkin as the new head of fintech and innovation for wholesale payments.
March 10 -
Banks need to adjust their money laundering protections to comply with tough new rules in the U.S., says Genpact's Manish Chopra.
March 10Genpact -
The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S.
March 10 -
The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S.
March 10 -
People open new accounts for a variety of purposes, often providing services banks don't provide, says FICO's Anna Hamilton.
March 10FICO -
The option to transact using Chase Pay will be removed from all merchant websites and apps by the end of the month.
March 9