Weekly Wrap: Ongoing ‘platformification’ to continue in 2020
Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, December 20, 2019. In...
Risk & Security
Robinhood fined $1.25 million over how it routed customer orders
Robinhood Financial agreed to pay $1.25 million penalty to a brokerage industry regulator for failing to ensure that its customers...
Vital Fed payment system experiences second delay of 2019
The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central...
Fed Governor Brainard highlights Facebook Libra’s risks
Federal Reserve Governor Lael Brainard As large tech and payments companies bail on Facebook’s Libra digital currency project, Federal Reserve...
Cheatsheet: Why PayPal is suing the CFPB regarding its Prepaid Rule
PayPal this month filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) regarding fee disclosure requirements, arguing that the...
Banks facing data crisis may need political help, Denmark warns
First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial...
Weekly Wrap: Canadian fintech gets funding injection, as BMO tackles gender identity
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 6, 2019. In...
Plaid, Kabbage: Clearing House Model Agreement creates ‘uneven playing field’
The Clearing House (TCH) showed encouraging progress for the digital financial ecosystem last month when they proposed their model financial...
BMO tackles ID checks for changing gender identities, but use cases are limited
BMO Harris Bank, through a partnership with Mastercard, wants to solve an identity verification problem for customers who have changed...
Online glitch at Indian bank HDFC hits business for third day
A prolonged glitch at HDFC Bank Ltd., an Indian lender well known for its digital services, could erode trust and...
