Credit unions (CUs) are increasingly collaborating with financial technology firms (FinTechs) to deliver innovative financial products and services. This shift in dynamics is designed to address the limitations that CUs face, such as constrained budgets, limited technical expertise, and smaller
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 payments industry has been curious about the potential role of stablecoins in creating faster and cheaper transactions for years. Recently, with the advent of a new U.S. presidential administration that is open to digital currencies, those whispers of stablecoins' benefits are turning into
The insurance industry is currently navigating the complexities of adopting real-time payment systems, a move that promises to revolutionize the sector by enhancing efficiency and customer satisfaction. Simultaneously, the UK government is taking significant steps to regulate the use of copyrighted
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
The financial technology (FinTech) sector is on the brink of significant transformation, driven by innovations, consumer demands, and regulatory frameworks. By 2025, several key trends are expected to redefine the landscape, offering new opportunities and challenges for businesses and consumers
