Stay updated with breaking news from Ab Technology. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The plaintiffs allege that the banks did not catch obvious red flags or implement proper safeguards such as requiring two employees to approve each transaction.
About half of small businesses nationwide are now classified as financially unhealthy: They have difficulty paying bills on time, inadequate cash reserves or insufficient insurance. Eytan Bensoussan, founder and CEO of NorthOne, a neobank for small businesses, shares his thoughts on how banks and fintechs can help these customers survive.
Nadine Chakar will take the helm at Securrency from current CEO Dan Doney, who will become chief technology officer.
The fintech says its users took out 70 million cash advances in 2022, and many grew their paychecks along the way.
Charles Vice, former commissioner of the Kentucky Public Protection Cabinet's Department of Financial Institutions, will advise the National Credit Union Administration's board on policy and tech-related initiatives.