New credit card will tap into borrowers’ fossil-fuel rights
Oil rights can be a surprisingly illiquid asset. A fintech called Frontlands is hoping to change that by offering a credit card for the owners of oil wells and other natural resources.
How Adyen is putting its banking licenses to work
The fintech rolled out Intelligent Money Movement, a treasury service that combines payments, liquidity management and disbursements as it looks to capitalize on its multiple banking licenses.
Inside FIS’ plans to meet banks’ interest in digital assets
Most banks are likely not large enough to not support stablecoins and tokenized deposits on their own, creating a new way for legacy IT firms to compete with fintechs.
UMBS a key risk in any GSE ownership change: report
It doesn’t have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.
Payments fintech Pepper Pay declares bankruptcy
The payments processing firm recently filed for Chapter 7 bankruptcy with a nearly $3 million disputed charge owed to a subsidiary of Global Payments.
Iran ceasefire brings brief reprieve for mortgage rates
The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence.
SMBC plans to build a second U.S. headquarters in Charlotte
The construction plan underscores the Japanese banking giant’s intent to remain active in U.S. wholesale banking after selling off American retail and small business units.
Mortgage credit hits three-year high entering spring market
The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.
The OCC must act before banks lose out on the crypto custody market
On-chain infrastructure is making idle balances obsolete. The OCC needs to act before banks lose the ability to compete in a market where consumers no longer tolerate below-market-rate returns.
Bitcoin’s value is about more than who created it or what it costs
A reporter claims to have answered the question of the identity of bitcoin’s creator but the more interesting question is: what does bitcoin say about money and monetary systems?