Remove Deposit Account Remove Posting Remove Underserved
article thumbnail

Avoiding Over-Regulation: American Fintech Council Warns That FDIC New Act Could Hinder Innovation

The Fintech Times

The new proposal will allegedly strengthen FDIC-insured depository institutions’ (IDI) recordkeeping for custodial deposit accounts with transactional features. It would also preserve beneficial owners’ and depositors’ entitlement to the protections afforded by Federal deposit insurance.

FDIC 104
article thumbnail

Singapore’s ANEXT Bank Reports Doubling of Its MSME Clients

Fintech News

ANEXT Bank continues to focus on serving the underserved MSMEs. As of the end of May, 69% of its customers are micro businesses, with 56% of loan customers and 80% of deposit customers falling into this category. These FBOs hail from 78 different nationalities, including mainland China, Indonesia, Japan, Malaysia, and South Korea.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

OakNorth and Marqeta Join Forces to Tackle £22billion SME Funding Gap in UK

The Fintech Times

This includes deposit accounts and tools to automate bill payments. OakNorth specialises in supporting ambitious entrepreneurs and businesses that are underserved by traditional banks. The post OakNorth and Marqeta Join Forces to Tackle £22billion SME Funding Gap in UK appeared first on The Fintech Times.

article thumbnail

Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools

Fintech Finance

By partnering with Marqeta, OakNorth will provide its small and medium-sized business customers the services typically only available to commercial banking customers, including deposit accounts and tools to automate bill payments, helping them plan for rising costs and thrive amid economic uncertainty.

article thumbnail

Leveraging Alternative Data to Extend Credit to More Borrowers

FICO

Instead, innovative analytic firms such as FICO are investing in identifying new predictive and compliant data sources to build models that accurately assess if underserved borrowers are in a position to successfully take on a new credit obligation. But just because someone doesn’t have a FICO® Score, it doesn’t mean they’re not credit ready.

article thumbnail

AFC Provides House Financial Services Committee Feedback to Make Community Banking Great Again

The Fintech Times

In its letter, AFC focuses particularly on the impact partnerships can have on underserved communities. The post AFC Provides House Financial Services Committee Feedback to Make Community Banking Great Again appeared first on The Fintech Times. Moloney , SVP and head of policy and regulatory affairs at AFC.

article thumbnail

The Full List of Digital Banks in Singapore and Their Top Benefits (2025)

Fintech News

GXS Bank, the Best Digital Bank for Freelancers and Small Businesses GXS Bank focuses on the underserved segments, offering tailored banking solutions. terms and conditions apply and may be subject to change The post The Full List of Digital Banks in Singapore and Their Top Benefits (2025) appeared first on Fintech Singapore.