Fintech Finance

JUNE 10, 2025

Sold in tamper-evident packaging without any human-readable data elements, like an account number, CVV or mag stripe on the card, the risk of sensitive information falling into the wrong hands can be significantly minimized. Member FDIC, pursuant to license from Visa U.S.A., The Tap to Pay Visa Gift Cards are issued by Pathward®, N.A.,

Fraud Prevention

Finovate

JULY 2, 2025

Unlike fiat held at a traditional financial institution, however, they are not FDIC-insured. Speaking of regulation, FDIC insurance is a key differentiator between stablecoins and tokenized deposits. Stablecoins currently operate in a developing regulatory environment and, importantly, they do not offer deposit insurance such as FDIC.

Stablecoins

Innovative Payments Association

JANUARY 14, 2025

Yet inconsistent regulatory approaches have stifled the full potential of financial technology (fintech) products such as earned wage access, mobile wallets, and fintech debit accounts. Similarly, the FDIC proposes rules that could increase costs for these same products, undermining their accessibility and impact.

Consumer Financial Protection Bureau (CFPB)

The Fintech Times

AUGUST 8, 2025

Kamath will be responsible for the global finance strategy, accounting, investor relations and providing financial leadership across the Pine Labs group. More hires Thread Bancorp, a FDIC-insured bank, has appointed Marty Miracle as chief digital officer to lead its technology strategy and digital transformation.

FinTech

Finextra

JUNE 2, 2025

In practice, this means banks expose certain data (like account balances or transaction history) through open APIs, but only when you, the customer, give consent. If Open Banking let you share your checking account data, Open Finance imagines sharing all your financial data (consensually, of course) to enable truly holistic services.

Finance

Fintech Labs Insights

DECEMBER 2, 2024

For example, Mad Rabbit , an e-commerce company featured in a Rho case study , had been spending $2k per month on ACH, wire and account fees. But what makes Rho stand out : Focus on larger startups and mid-sized businesses Dedicated account manager for each client Embedded commercial-grade accounts payable (i.e.,

Bank Card

Finextra

JUNE 23, 2025

bank account, and send money globally with just a mobile phone. On one hand, a reliable dollar stablecoin can provide a lifeline in places with volatile currencies or weak banking infrastructure. Businesses and individuals can hold value in dollars without a U.S.

Embedded Finance

Finextra

JULY 28, 2025

As such, they can be independent of the bank and FDIC guarantees do not apply. Most people use a bank account to help manage their money. Stablecoin wallets could offer interest (or something similar depending on country) that could compete with basis savings accounts. Stablecoins are held in an electronic wallet.

Stablecoins

Payments Dive

JULY 16, 2025

That figure represents just over a fourth of the roughly 8,800 federally insured banks and credit unions in the United States, according to the latest data from the FDIC and the NCUA. Those major bank owners include JPMorgan Chase, the largest U.S. bank, Bank of America, Capital One, PNC Bank, Truist, U.S. Bank and Wells Fargo.

Zelle

Fintech Labs Insights

MARCH 13, 2025

Bill Payments (2021): In October 2021, Ramp launched a Bill Pay to automate accounts payables. The platform introduced features such as automatic receipt matching (using OCR), real-time expense categorization with integrations to accounting systems, and multi-level approval workflows.

Push-to-Card

Open Banking Excellence

JULY 8, 2025

With over 76 million consumer accounts now using its APIs, the standards body Financial Data Exchange (FDX) has achieved the largest customer adoption globally. There are about 4,100 small banks, typically defined as those with assets under $10bn, out of a total of approximately 4,600 FDIC-insured commercial banks and savings institutions.

Regulations

Fintech Labs Insights

JANUARY 24, 2025

Table: The Best Fintech Product Launches of 2025 & 2024 Summary Company Date Product Sector Source Market/HQ Ramp launches treasury management product paying 2.5% mo Klarna 24 Jan 2024 BNPL Consumer CNBC Klarna is first BNPL serices with subscription ($7.99/mo)

Product

Finextra

JULY 28, 2025

Fund managers who traditionally benchmark performance to a closing price each day might have to arbitrarily choose a cutoff time for accounting purposes. Strategies would evolve: without a fixed closing time, concepts like end-of-day pricing or daily portfolio NAV calculations would need rethinking.

Payment APIs and Integration

Finextra

JULY 7, 2025

Tokenised stocks can be accessible to anyone with an internet connection and a compatible wallet or account, regardless of geography (subject to legal restrictions, of course). This has huge implications: investors can diversify globally with fewer hoops. While reputable and regulated issuers mitigate this risk (e.g.,

Blockchain

Fintech Labs Insights

OCTOBER 28, 2024

Or should you go hybrid with accounts of both types? Do you want to be able to walk into a branch and talk to someone if the you-know-what hits the fan? Or do you want to interact with state-of-the-art digital tools that might prevent all that mess in the first place?

Small Business

Fintech Labs Insights

MAY 20, 2025

cash back on spending Funds Management : Up to 30 days of float before charges must be repaid (note balances must be paid in full, no revolving) Integration with Relay accounts : Streamlined expense tracking and management 4. This card offers: Cash-back rewards : 1.5%

Payment APIs and Integration

Fintech Labs Insights

FEBRUARY 13, 2025

3,800 reviews) Resources : Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? HQ: SF | Founded: 2017 | Raised $136M (including $120M in 2021) | Valuation: $1.7 billion | Website visits: 2.2 822 reviews) | iOS app: 4.9

Small Business

PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). FDIC staff found that Square satisfied each of the statutory factors required for approval, subject to certain conditions.

FDIC

PYMNTS

OCTOBER 19, 2020

The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year, according to a new report by the Federal Deposit Insurance Corp (FDIC). households without checking accounts fell to 5.4 The unbanked rate jumped to 8.6 percent in 2011, up from 7.6

FDIC

Payments Dive

MAY 2, 2023

Under the agency’s targeted coverage scenario, accounts used for payment purposes — specifically, business payment accounts— would merit higher deposit insurance coverage.

FDIC

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

FDIC

PYMNTS

SEPTEMBER 8, 2016

With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 The percentage of Americans going without banking services fell to 7 percent in 2015 from 7.7

FDIC

PYMNTS

DECEMBER 16, 2020

Ternio , a global FinTech platform, has integrated with Plaid , a financial data company, to help Ternio BlockCard bank accounts access faster and more secure connections to financial accounts, according to a press release. dollars between all of their accounts.”. customers to activate their FDIC-insured BlockCard bank accounts.

Accounts

PYMNTS

JANUARY 7, 2021

After Simple Bank launched as an online bank specializing in high-interest savings accounts, the current economic climate ended up making it unfeasible. The letter says that in the future, those accounts will solely be operated under BBVA, but customers will be able to access their money normally until then. So BBVA pulled the plug.

FDIC

Innovative Payments Association

DECEMBER 10, 2024

Changes are needed at the FDIC. Last week the Government Accountability Office (GAO) released a study regarding how the Federal Reserve and the FDIC ”Should Address Weaknesses in Their Process for Escalating Supervisory Concerns.” This suggests to me the FDIC is out of touch with the current marketplace.

FDIC

Stax

JANUARY 1, 2024

Business savings accounts are crucial to a sound organizational strategy. resident has only $1000 or less in their personal savings account. resident has only $1000 or less in their personal savings account. Accounts combining high-interest rates, no fees, and advanced online solutions are available.

Accounts

PYMNTS

OCTOBER 21, 2020

Instead of getting a tiny amount of interest like you would from a traditional savings account, you get the chance to win more substantial prizes.”. But unlike lotteries where you buy tickets – which Moelis calls the worst bet you can make – Yotta’s savings accounts are FDIC-insured through its partner Evolve Bank & Trust.

Accounts

International Payments Processing

AUGUST 30, 2021

Kratom Merchant Account Because of the legality of the products, it isn’t easy to get a Kratom merchant account. Therefore, the largest of merchants are usually considered for a sponsored Kratom credit card processing account. IPP has several solutions that offer Kratom merchant accounts.

Accounts

International Payments Processing

AUGUST 30, 2021

Kratom Merchant Account Because of the legality of the products, it isn’t easy to get a Kratom merchant account. Therefore, the largest of merchants are usually considered for a sponsored Kratom credit card processing account. IPP has several solutions that offer Kratom merchant accounts.

Accounts

PYMNTS

NOVEMBER 14, 2018

The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. ” Recent research from the FDIC shows 20 percent of U.S. With that in mind, the FDIC suggests that in 2017, 14.8 million (or nearly 13 percent) of U.S.

FDIC

Payments Source

FEBRUARY 19, 2021

Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses. It is looking to charter its own FDIC-insured institution to be a direct provider.

FDIC

Bank Automation

MARCH 12, 2024

The digital, FDIC-insured bank looked to affiliate marketing platform Fintel Connect nearly two years ago to expand its reach, Fintel Connect Chief Executive Nicky Senyard tells Bank Automation News on this episode of “The Buzz” podcast. Fintel Connect helps Live Oak Bank increase its deposit volume.

Volume

PYMNTS

JUNE 9, 2020

Affirm has debuted a high-yield savings account called Affirm Savings, according to an announcement. Now, consumers get the same transparency in a savings account, so they can save more, faster.”. The Affirm Savings account comes with 1.30

Accounts

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. FDIC) is looking to modernize bank reporting. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. FDIC Looks To Modernize Bank Reporting.

Regs

PYMNTS

JULY 24, 2019

“If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter.

Deposit Account

PYMNTS

FEBRUARY 18, 2020

The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. Other FinTech startups, like Robinhood and Square , are looking into becoming banks so they can improve their profits and offer customers bank-like products, including checking accounts.

FinTech

PYMNTS

DECEMBER 16, 2020

In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. FIS Powers Launch Of Quontic Bank’s Bitcoin Rewards Account. The rollout makes Quontic “the first FDIC insured financial institution in the U.S. Aeldra’s U.S.

Online and Mobile Banking