Revolut Readies 2023 Results in Boost for U.K. Bank License Bid
The fintech has spent years trying to get a banking license from U.K. regulators that would allow it to expand its offerings in its home country.
Are tech-enhanced metal payment cards better for security?
Even as more transactions go fully digital via apps and devices, one card manufacturer is betting that metal payment cards have a long-term future as status symbols — and secure payment devices.
Banks’ use of credit risk transfer transactions is opaque and risky
CRTs have changed since the financial crisis. But the eventual credit cycle turn is likely to show again that weaker banks’ CRT use merely transformed, but did not eliminate, risk.
American Banker news quiz: July 1
In this edition of American Banker’s news quiz, test yourself on the Synapse bankruptcy, the growth of alleged violations of the Fair Credit Reporting Act, Funding Circle’s sale of U.S.-based assets and more.
Getting to yes: Reported Basel retooling may — or may not — have legs
Banking experts are divided on how regulators will reshape the capital overhaul and if reported revisions being floated by regulators will meet the banking industry’s demands.
After passing stress tests, big banks plan to increase dividends
Two days after the Fed released the results of its annual stress tests, the nation’s eight largest banks all announced plans to supplement their payouts to shareholders. At the same time, most of the banks also said that their capital requirements are expected to rise.
Thread Bank regulatory action calls out its BaaS business
The Tennessee bank is the latest to be punished for lapses in oversight of fintech partners. Unlike most FDIC consent orders, the filing liberally uses the terms “fintech” and “BaaS.”
Banking groups balk at proposed cyber incident reporting rule
The trade groups said Friday that a proposed rule from CISA would burden firms with overly broad reporting requirements as they scramble to respond to incidents.
June community bank C-suite changes
New top executives were lined up for lenders across the West and Midwest, including Bank of North Dakota.
Digital lending projects prioritize speed at megabank and credit union
Executives from Citi and TDECU teased their plans for digital lending at American Banker’s Digital Banking conference this week.