Tag : Federal Reserve

Securities and Exchange Commission and Federal Reserve Board Have Granted Final Approval for Settlements with Eagle Bancorp, Inc. and EagleBank, Respectively
Currency Exchange News

Securities and Exchange Commission and Federal Reserve Board Have Granted Final Approval for Settlements with Eagle Bancorp, Inc. and EagleBank, Respectively

Fintech News Desk
by Fintech News Desk0229
Eagle Bancorp, Inc., holding company for EagleBank, one of the largest community banks in the Washington, D.C. area, today announced the Securities and Exchange Commission (SEC) and Federal Reserve Board (FRB) have granted final approval for the settlement of charges relating to the Company’s identification, classification and disclosure of related......
Metallicus Forms Advisory Board of Banking Regulatory and Compliance Experts
Banking News

Metallicus Forms Advisory Board of Banking Regulatory and Compliance Experts

Fintech News Desk
by Fintech News Desk0321
Metallicus, a leader in digital assets technologies, announced the formation of its Advisory Board comprised of former senior officials from the U.S. Federal Reserve, the Office of the Comptroller of the Currency, and executives with experience in regulatory compliance and internal audit at major financial institutions. Latest Fintech News: Torches Launches......
OneBlinc Launches New OneBlinc Debit Mastercard to Offer Fair Financing Products for Underserved Customers
Fintech News

OneBlinc Launches New OneBlinc Debit Mastercard to Offer Fair Financing Products for Underserved Customers

Fintech News Desk
by Fintech News Desk0638
New checking and debit features offer more options, better financial planning tools as part of nationwide expansion OneBlinc announced the launch of its new debit card, powered by the Mastercard network, which offers fair financing options to the over 22% of U.S. households that are unbanked or underbanked – according......
State of the Fintech Industry and a Look into 2021
Fintech Guest Posts Investment Services

State of the Fintech Industry and a Look into 2021

Greg Schultz
by Greg Schultz0702
It is no secret that 2020 has been a year like no other. The COVID-19 pandemic, economic shutdowns and government stimulus plans have greatly impacted where the financial industry stands today and where it is headed in 2021. While the current situation is not, to borrow a euphemistic medical phrase,......
Federal Reserve Announces ISO 20022 Specifications for Initial Launch of its FedNow Service for Instant Payments
Digital Payments Fintech News

Federal Reserve Announces ISO 20022 Specifications for Initial Launch of its FedNow Service for Instant Payments

Fintech News Desk
by Fintech News Desk0564
The Federal Reserve released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO. The FedNow ISO 20022 specifications define the message flows and formats that the service will leverage when operational in 2023.......
Volante to Help Shape the Future of Instant Payments
Banking Business Fintech News

Volante to Help Shape the Future of Instant Payments

Fintech News Desk
by Fintech News Desk0425
Volante Technologies, the global leader in cloud payments and financial messaging, announced their participation in a pilot program for the Federal Reserve’s upcoming instant payments offering, the FedNowSM Service. The offering highlights the industry’s charge to provide American consumers and businesses with instant payments services that deliver control, convenience and certainty. In the U.S.,......
First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank
Banking Fintech News

First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank

Fintech News Desk
by Fintech News Desk0427
Historic charter award defines a new beginning for digital banking, providing comprehensive services aimed at the 180 million Americans underserved by the traditional system(Fintech ) Varo Money, announced it has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from......
Federal Reserve Announces the FraudClassifier℠ Model to Help Organizations Classify Fraud Involving Payments
Fintech News

Federal Reserve Announces the FraudClassifier℠ Model to Help Organizations Classify Fraud Involving Payments

Fintech News Desk
by Fintech News Desk0386
The Federal Reserve published the FraudClassifier model – a set of tools and materials to help provide a consistent way to classify and better understand the magnitude of fraudulent activity and how it occurs across the payments industry. The model was developed by the Fraud Definitions Work Group, which was comprised of......
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