Author: Fady Askharoun
On August 17, 2023, the Federal Reserve Board and Washington State Department of Financial Institutions (WSDFI) announced an enforcement action against Farmington State Bank and its holding company, FBH Corporation. The Fed and WSDFI found…
The Novel Activities Supervision Program: The spark or the death knell for innovation? | amznusa.com
The banking crisis brought with it a spotlight on banks’ involvement with emerging technologies like crypto. Silvergate and Signature Bank, two of the banks that failed during the fateful period, had heavy ties to the…
Proposed regulations recently released by the Treasury Department help bring added clarity to participants in the digital asset economy. But the process is far from over. Investors, centralized crypto exchanges, payment processors, some hosted wallet…
American Fintech Council Partners With Fintech Nexus on Their 7th Annual Policy Summit | amznusa.com
Regulatory engagement is essential for fintech companies and innovative banks as the industry continues to struggle with regulatory uncertainty both in Washington, D.C. and states across the country. It is critically important, now more than…
Out of the “wild west” of the crypto industry, stablecoins have arisen as a first point of call for widespread regulation. Earmarked for their near-stable value while still incorporating the programmability and cross-border capabilities of…
Policy leaders in the fintech space gathered in Washington DC yesterday for the seventh annual American Fintech Council Policy Summit. It was a full day of learning and networking that provided a real sense of…
Financial institutions are zeroing in on compliance when evaluating fintech partners. Nearly three-quarters (72%) of banks and credit unions cite compliance as their top criteria in the due diligence process, according to a recent survey…
The surprising victory of libertarian Javier Milei in Argentina’s presidential elections has injected fresh optimism into the fintech sector. Industry leaders are hopeful for a tailwind as they anticipate a more favorable regulatory environment and…
We published more stories in 2023 than any year in our history as we ramped up our journalistic capabilities. It is a good thing because it was a big year for fintech news. Who could…
In today’s financial landscape, big banks and traditional players prioritize making money off of cash-strapped communities. They don’t put nearly as much value and resources towards empowering them and ensuring their products are inclusive, accessible,…
