Search Results for: deposit insurance

First Citizens, CIT Announce Receipt of Regulatory Approvals for Merger
Banking News

First Citizens, CIT Announce Receipt of Regulatory Approvals for Merger

Fintech News Desk
by Fintech News Desk0
First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced that their previous proposal to merge the two companies has received approval from the Board of Governors of the Federal Reserve System today. The......
Lighthouse Expands Into Insurtech Space
Fintech InsurTech News

Lighthouse Expands Into Insurtech Space

Fintech News Desk
by Fintech News Desk0
The Burgeoning Tech Company Partners with Topa Insurance Company to Offer Security Deposit Insurance Lighthouse, the Los Angeles-based software for landlords and tenants, announced a new partnership with Topa Insurance Company to offer security deposit insurance. The partnership marks a significant step for Lighthouse into the insurtech space, making them a licensed......
Cadence Bank Announces 2022 Share Repurchase Program
Banking News

Cadence Bank Announces 2022 Share Repurchase Program

Fintech News Desk
by Fintech News Desk0
Cadence Bank announced that its Board of Directors authorized a new share repurchase program allowing the company to purchase up to an aggregate of 10 million shares of Cadence’s common stock. Subject to the approval of the Federal Deposit Insurance Corporation, this new share repurchase program will be effective on......
Fund Manager RFP Opens for Mission-Driven Bank Fund
Banking Fintech News

Fund Manager RFP Opens for Mission-Driven Bank Fund

Fintech News Desk
by Fintech News Desk0
Microsoft Corp, and Truist Financial Corporation, as anchor investors in the Mission-Driven Bank Fund, on announced the issuance of a request for proposal (RFP) to identify qualified candidates to manage the fund on behalf of investors. The RFP submission period will be open. Latest Fintech Insights: Kueski, One of the Largest BNPL......
Tassat Reports Record Interest in Its Blockchain-Based B2B Payments for Banks and Stablecoin Offering
Blockchain News

Tassat Reports Record Interest in Its Blockchain-Based B2B Payments for Banks and Stablecoin Offering

Fintech News Desk
by Fintech News Desk0
Interest Follows President’s Working Group Recommendations on Bank-Issued Stablecoins for Digital Payments Tassat Group Inc., the leading blockchain-based B2B payments platform provider to U.S. banks, reports it has received a record number of inquiries from banks for its TassatPay platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments......
President’s Working Group (PWG) Addresses Payment System Risks Associated with Stablecoins
Cryptocurrency Digital Payments Featured

President’s Working Group (PWG) Addresses Payment System Risks Associated with Stablecoins

Sudipto Ghosh
by Sudipto Ghosh0
Stablecoins are fast becoming an alternative to bitcoin payments, even as these hybrid cryptocurrencies already facilitate digital transactions of other cryptocurrencies. In order to regulate the payments risks associated with digital asset trading involving stablecoins, the President’s Working Group on Financial Markets (PWG) released a comprehensive report on stablecoins. The......
Bitfury Appoints Former United States Acting Comptroller of the Currency Brian P. Brooks Chief Executive Officer
Blockchain Digital Asset Management Fintech News

Bitfury Appoints Former United States Acting Comptroller of the Currency Brian P. Brooks Chief Executive Officer

Fintech News Desk
by Fintech News Desk0
Founder Valery Vavilov to Become Chairman and Chief Vision Officer Bitfury Group, the Bitcoin mining and crypto tech pioneer, announced that Brian P. Brooks, former United States Acting Comptroller of the Currency, has joined the Company as Chief Executive Officer, effective October 29, 2021. Mr. Brooks will lead the 10-year-old......
Tassat CEO Praises Federal Stablecoin Recommendations
B2B Digital Payments News

Tassat CEO Praises Federal Stablecoin Recommendations

Fintech News Desk
by Fintech News Desk0
Tassat-Enabled Bank-Issued Stablecoins Are Backed One-to-One by U.S. Dollars and Qualify as FDIC-Insured Deposits Ron Totaro, CEO of Tassat Group Inc., whose TassatPay™ blockchain-based B2B payment platform enables bank-issued stablecoins, offered comments on the recommendations on stablecoins by the President’s Working Group on Financial Markets and federal financial regulators: Read More: QuickFee Introduces......
Q2 and BCG Join Forces to Tackle Major Commercial Banking Challenge
Banking News

Q2 and BCG Join Forces to Tackle Major Commercial Banking Challenge

Fintech News Desk
by Fintech News Desk0
YieldBuilder, a new loan pricing solution, combines BCG’s industry-leading pricing strategy and change management expertise with Q2’s one-of-a-kind advanced analytics and pricing software Q2 Holdings, Inc., a leading provider of digital transformation solutions for banking and lending, and Boston Consulting Group (BCG) announced the launch of YieldBuilder to help solve one......
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