Researchers may now have more leeway in helping banks uncover vulnerabilities to their systems, but legal gray areas remain.

The payments startup Bolt Financial is cutting staff, its CEO said in a message to employees on Wednesday. 

Under the deal, participating members of the BancAlliance network will be able to buy interests in loans originated on the digital lender’s platform.

The state of Connecticut recently handed the small-dollar marketplace loan provider a cease-and-desist order, but Rodney Williams says his company is getting much-needed emergency funds into marginalized communities at a low total cost, and that the rules need to be rewritten.

Banks need to come together to create interoperable tokenized deposits, as part of an effort to bridge the gap between traditional finance and blockchain.

Several federal agencies have recently stepped up requirements on banks to notify regulators and the public when they fall victim to cybersecurity incidents.

The startup, whose name suggests its purpose of helping companies attract and retain employees, lets companies offer cash incentives to talented recruits that are vested over several years, motivating them to stay in their jobs for a while.

The company, which enjoys a large market share as a data aggregator to fintechs and banks, is adding account onboarding, identity verification and fraud detection to the array of services it offers.

Organizations are driving to become fully automated enterprises, but single point solutions are putting that goal at risk.

Sen. Cynthia Lummis, R-Wyo., says she and Sen. Gillibrand, D-N.Y., plan to release draft legislation next week that would establish a supervisory entity for emerging financial technologies and new rules for stablecoin issuers.

Q2 Holdings, a banking-software provider, is weighing options including a sale after receiving takeover interest, according to people familiar with the matter. 

Mastercard has begun to trial a biometric payment system for brick-and-mortar stores, using facial recognition rather than contactless cards, smartphones or memorable PINs.

The New York City bank bets that claiming space in virtual reality now will pay off down the line.

The bank and insurance company continues to battle its rivals over their use of technology USAA claims it invented.

NatWest Group is considering launching a separate digital lender for small businesses in the U.K. to find a new avenue of growth for the bank.

The question affects the many banks, including Silvergate Bank and Custodia Bank, that have been working on issuing or using stablecoins, as well as regulated stablecoin issuers and all crypto investors.

A clear, cross-agency regulatory framework is needed to help the industry embrace the promise of this new financial services paradigm.

Grain Technologies guarantees to cover fraud costs for the banks it works with. One of those partners, the $1.65 billion-asset Ponce Financial, recently disclosed just how high that figure has reached.