PYMNTS

NOVEMBER 2, 2020

Ganu offered up a use case as illustration: The user who deposits a hypothetical $1,000 into their Finch account receives a Finch debit card. Asked about regulation, Ganu said that the firm works with an FDIC insured partner bank and a SIPC partner broker dealer, Apex Clearing Corp., to ensure regulatory compliance.

FinTech 88

FinTech FDIC Regulatory Compliance Checks 88

FICO

MAY 25, 2023

Still, I don’t believe that nothing can’t be done in the short term, or that AI regulation should focus solely on specific use cases, not the technology itself. I highly encourage other businesses to consider similar blockchain use cases in their data science organizations. Although FICO was granted a U.S.

AI 52

AI Regulations Audit Government 52

PYMNTS

MARCH 4, 2019

That also means that if the power goes out or the network crashes, you can still use cash. Specific use cases where cash is preferred and “quite high,” he said include fast food and convenience stores. No special equipment is needed to pay in cash or receive cash, so it’s very convenient.

ATMIA 51

ATMIA Laws Financial Inclusion ATM 51

PYMNTS

MAY 24, 2016

Most payday loan borrowers have credit cards that are maxed out; paying off credit card balances is actually a fairly common use case for short-term loans. That is why the OCC and the FDIC made banks stop offering deposit advance products, because they were basically just payday loans due in full in two weeks.”

CFPB 41

CFPB FDIC Rules Credit Union 41

PYMNTS

OCTOBER 30, 2019

The investment also signals the spread of the open banking business model beyond markets in which it is a regulatory requirement, with Galileo planning to use the funds to expand across Latin America as well as Europe and the U.K. Banks, FinTechs Team Up.

Payment APIs and Integration 41

Payment APIs and Integration Cross-Border Cross-Border Payments Small Business 41

PYMNTS

JUNE 14, 2018

Mezu, said Brisker, aims to give those people a way to receive money they otherwise might not have been able to accept and store it in what is essentially a virtual bank account, complete with FDIC insurance through a partnership with Virginia-based MainStreet Bank – but without having to hold a formal bank account themselves.

Privacy 47

Privacy P2P Venmo Non-Bank 47

Nanonets

APRIL 24, 2023

Origination in finance is often a lengthy process and it's overseen by the Federal Deposit Insurance Corporation (FDIC) for compliance with Title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The term also applies to other types of amortized personal loans.

Origination 52

Origination Process Underwriting Automation 52

Fintech Labs Insights

APRIL 20, 2023

An obvious criminal use case for ChatGPT and similar generative AI services is crafting better ( actually near-perfect ) personalized phishing attacks. Criminals can use text generators for grammatically perfect emails, voice generators for pitch-perfect phone calls, and even decent-quality video images to fake a Facetime call. .

Phishing 15

Phishing Small Business AI Accounts 15