May 7, 2025

fintech

Crypto

Cryptocurrency extortionists in Paris sever kidnap victim’s finger

PARIS: Criminals kidnapped the father of a cryptocurrency entrepreneur in Paris and severed one of his fingers to extort millions from him. The police managed to free the kidnapping victim and arrest the suspects through an extraordinary operation, French Interior Minister Bruno Retailleau confirmed on May 4. The suspects are five men aged between 20

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Banking

CFPB Plans to Revisit Open Banking Rule Despite Staff Cuts (1)

The Trump administration is poised to reopen a Biden-era rule allowing customers to share their sensitive bank data with third-party fintechs and potentially vacate it, according to multiple sources. The Consumer Financial Protection Bureau is leaning toward reworking its open banking rule, which allows customers to share their deposit account and credit card information with

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Banking

CFPB Plans to Revisit Open Banking Rule Despite Workforce Cuts

The Trump administration is poised to reopen a Biden-era rule allowing customers to share their sensitive bank data with third-party fintechs and potentially vacate it, according to multiple sources. The Consumer Financial Protection Bureau is leaning toward reworking its open banking rule, which allows customers to share their deposit account and credit card information with

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Banking

Ending the separation of banking and commerce myth

The separation of banking and commerce is becoming untenable. As the user experience becomes more digital, the distinction washes out. It all starts to look like data processing, writes Max Bonici, of Davis Wright Tremaine.Adobe Stock There is a pervasive myth that banking and commerce are — and must be — separate in the United

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Banking

Tally Solutions transforms banking for SMEs with the launch of TallyPrime 6.0

UAE — In a significant move to empower SMEs with smarter financial management, Tally Solutions, a leading international technology provider of business management software, has announced the launch of TallyPrime 6.0. This latest unveiling introduces advanced banking integration, transforming how businesses handle bank reconciliation and automated accounting. By bridging the gap between banking and accounting, TallyPrime

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Crypto

Justice Department shuts down its cryptocurrency team

Endeavor Moore Media – stock.ado The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team, retrenching its approach to crypto. The Justice Department will move away from going after crypto cases it believes should be handled by regulatory agencies, Deputy Attorney General Todd Blanche said in a memo released Monday night.  “The Department

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Banking

Pathward Recognized for Banking as a Service Innovation in 2025 FinTech Breakthrough Awards Program

Pathward has been named “Best Banking as a Service Solution Provider” in the 9th annual FinTech Breakthrough Awards program. Through its fintech partnerships, Pathward offers various payments solutions through retailers and other consumer-facing businesses. Prestigious annual awards program honors outstanding financial technology products and companies around the world SIOUX FALLS, S.D., April 02, 2025–(BUSINESS WIRE)–Pathward

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Finance

Fulcrum Lending CEO Maxwell Wu Sees the Future of Multifamily Finance as a Partnership between Community Banks, Technology and Private Credit.

Partner Insights spoke to Maxwell Wu, Co-founder and CEO at Fulcrum Lending based in New York City about his firm’s unique take on private credit, technology, and financial trends in the multifamily space. Before launching Fulcrum, Wu led the spinout of a technology group from Greystone, serving as the chief underwriter while leading the team

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Banking

A Wake-Up Call For Fintechs And Banking

Charlie Javice, founder of Frank, exits federal court in New York, US, on Friday, March 28, 2025. … More Javice was found guilty of defrauding JPMorgan Chase & Co. in its $175 million acquisition of her student-finance startup, Frank, following a six-week trial. Photographer: Christian Monterrosa/Bloomberg © 2025 Bloomberg Finance LP OBSERVATIONS FROM THE FINTECH

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Banking

Robinhood unveils plans for new banking products

Photographer: Gabby Jones/Bloomberg The investment fintech Robinhood is expanding further into the financial services space with an announcement of several new products for the company’s Gold members.  Robinhood Banking, a new digital banking platform with both checking and savings accounts, was announced by the California-based trading app provider during a Robinhood Gold keynote event on

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