Kabbage Lawsuit Ignites Debate Over ‘True Lenders,’ Fintech-Bank Partnerships
The lawsuit of a small business in Massachusetts against alternative lender Kabbage is raising questions about the role of partner ...
Tag: Financial Regulation
Japanese Regulator Warns of ICO Risks As Bitcoin Tops $6,000
Japan is the latest country to express concern over initial coin offerings and cryptocurrency, with its regulatory body the Financial ...
Banks Still Aren’t Spending Money on Open Banking (Or Blockchain or Artificial Intelligence….)
EXCLUSIVE- APIs and open banking might be becoming more integral to financial institutions, but it doesn’t seem like banks are ...
Set Aside More Cash to Cover Bad Loans, ECB Tells Banks
The European Central Bank is planning to ask banks within the euro zone to up the amount of cash on ...
Top Australian Banks Kill ATM Fees
Four major Australian banks have dropped fees for cash withdrawals at their domestic ATMs, in a move that could save ...
Australia is the Next Largest Market for Alternative Lending, KPMG Says
Australia has become the second largest market for alternative lending due to the country’s favorable regulations for lenders. This is ...
ECB Said Fintech Banks May Need to Hold Bigger Liquidity
“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European ...
Switzerland Shuts Down E-Coin ‘Sham’ Currency as Crypto-Concerns Grow
Swiss financial regulator the Financial Market Supervisory Authority, or FINMA, has shut down the providers of a cryptocurrency known as ...
Ant Financial Plans to Resubmit MoneyGram Application
Ant Financial, the Chinese payments company behind Alipay, is planning a third attempt to acquire U.S. money transfer service MoneyGram. ...
SoFi’s Bank Charter Has Almost No Chance, Former SEC Chairman Says
SoFi’s hopes of becoming a bank have most likely been crushed after the departure of former CEO Mike Cagney, Securities ...
