Page 35 - Bi Intelligence News Today

Incumbent banks risk losing market share if they don't take proactive steps to seriously serve underrepresented groups.

Three US regulating bodies have collaborated on a proposed update of the Community Reinvestment Act (CRA).

PayPal launched a softPOS solution that lets merchants accept contactless payments and can help PayPal gain more in-store volume.

Increased adoption of the Cash App card and direct deposits fueled growth for the peer-to-peer (P2P) payments app.

Stripe's Financial Connections lets firms connect to customers' bank accounts—and puts it in competition with the likes of Plaid.

Globally, algorithms used in financial decision-making are drawing increased scrutiny through the lens of risk management.

The Clearing House and Fiserv partnered to make the real-time payments network more accessible for consumers and businesses, per a press release.

US bank Truist bought fintech Long Game in an effort to "future proof" its core business and appeal to millennials and Gen Zers.

A report says cybersecurity threats have escalated beyond mere wire transfer fraud to "the hijacking of the digital transformation."

The Federal Reserve started onboarding participants for its FedNow pilot test as its 2023 launch date approaches.