Compliance

Over the years, the insurance industry's payment processing sector has faced numerous inefficiencies, primarily due to its reliance on outdated systems and manual procedures. These archaic methods contribute to substantial operational challenges, including slow processing times, high-value

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

The Consumer Financial Protection Bureau (CFPB) has recently issued a final rule on personal financial data rights under Section 1033 of the Dodd-Frank Act, aiming to transform consumer financial data privacy and control. Released on October 22, 2024, the rule sets significant new obligations on

ConnectOne Bank, a New Jersey-based financial institution, has recently made a significant move in the mergers and acquisitions (M&A) realm by acquiring The First of Long Island Bank. Under the leadership of CEO Frank Sorrentino III, ConnectOne aims to strengthen its regional influence and grow

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

The financial technology sector is at a pivotal juncture, facing challenges like a dip in venture funding and regulatory hurdles, yet remaining poised for significant growth. Despite these obstacles, fintech continues to flourish, with revenues projected to surge from $320 billion to $1.5 trillion