The corporate banking landscape is undergoing a significant transformation, driven by the advent of virtual accounts. As nearly 60% of banks are expected to revise their business models by 2026, virtual accounts are emerging as a crucial tool in this evolution. This shift is influenced by rising
The banking-as-a-service (BaaS) industry has experienced a rollercoaster of regulatory scrutiny and market dynamics over the past few years. A year ago, the future of BaaS seemed uncertain due to significant regulatory pressures. However, as we look ahead to 2025, the outlook appears much more
The Nigerian fintech sector has experienced significant transformation over the past few years, evolving from addressing local financial challenges to venturing into cross-border operations and positioning itself as a global financial powerhouse. This dynamic shift is spurred by a blend of
Navigating regulatory requirements is an ongoing challenge for financial institutions, and Lineage Bank is no exception. This local community bank, based in Franklin, Tennessee, has faced increased scrutiny from federal regulators twice this year. The Federal Reserve Board's recent enforcement
The Federal Deposit Insurance Corp. (FDIC) has recently heightened regulatory scrutiny on banks involved in banking-as-a-service (BaaS) partnerships with fintech companies, with Piermont Bank and Sutton Bank receiving notable enforcement actions in early 2024. These actions indicate significant
Fifth Third Bancorp has taken a significant step in the embedded finance and Banking-as-a-Service (BaaS) sectors with its acquisition of Rize Money in 2023. Newline, an offering born from the integration of Rize's technology and Fifth Third’s established payment network, represents a strategic
