The layoffs come as the fintech is still working to close the SPAC merger it announced in August 2021.

Regional banks will need to implement holistic, sophisticated data and risk analysis technology following last month's bank runs, experts say.

A consortium of financial companies said premiums are rising despite a relatively low level of overall risk, causing some banks to reconsider their policies.

The cost and scope of data sharing were among bankers' top complaints, while fintechs would like fewer restrictions, a report by the Consumer Financial Protection Bureau found. 

The fintech founder was also Square's first chief technology officer and the chief product officer of blockchain-based payments company MobileCoin.

The founder of the defunct fintech that provided online college financial aid services was charged with fraud for inflating the company's customer base ahead of being acquired by JPMorgan.

Silicon Valley Bank served about half of all startups. As fintechs seek out new bank relationships, here are some of the things they are looking for. 

The equity deal means that Acorns will gain a foothold in the U.K. and Europe, where GoHenry, the challenger bank it acquired, also operates.

Challenger banks MoneyLion, Acorns and Moves are partnering with "taxtech" companies to extend free or low-cost filing help to customers.

The neobank purchased the fintech lender in an all-cash offer, but did not disclose the price tag.

The February attack on the title loan company exposed Social Security numbers and possibly driver's licenses and passports. Eleven other financial companies have reported hacks this year.

StellarFi, Stratyfy, FinClusive and Oscilar have all had positive news in recent days.

M&T Bank joins a Massachusetts fintech-focused hub; Republic Bancorp in Louisville, Kentucky, once again expands in the Cincinnati market; ChatGPT suffers a security lapse and more in this week's banking news roundup.

Greenlight, developer of a digital banking app for kids and parents, launched a B2B product for financial institutions. Morgan Stanley and WaFd Bank are early partners.

The Securities and Exchange Commission has also proposed regulation to "level the playing field" in the equities market.