December, 2024

December, 2024

FDIC Finds More ‘Problem Banks,’ Now at 3-Year High
The Federal Deposit Insurance Corp.’s roster of “problem banks” continues to grow. The overall number of those banks — 68 as of the end of the third quarter, up two banks from the second quart...

Google’s Gemini 2.0 Promises Autonomous Control of Complex Business Tasks
A subtle but potentially significant shift is occurring in artificial intelligence (AI). Machines are advancing beyond processing commands to undertaking tasks with more autonomy. Google’s release o...

Rhode Island Urges Residents to Protect Personal Information Amid Data Breach
Rhode Island is urging the state’s residents to protect their personal information amid a data breach of RIBridges, a system that handles many of the state’s social services programs. The state’...

CARD.com Taps Visa Direct to Expand Financial Services Globally
CARD.com now enables its users to make cross-border payments via Visa Direct. This offering results from a collaboration between CARD.com, which is a FinTech specializing in mobile banking and card pa...

AI Companies Receive 42% of US Venture Capital Investment
Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate, HSBC Innovation Banking said Monday (Dec. 16). The scale of capital invested in AI compa...

Ripple Prepares to Bring Stablecoin to Global Exchanges
Blockchain firm Ripple says it is preparing to bring its stablecoin to the world’s exchanges. The dollar-backed Ripple USD (RLUSD) will be available beginning Dec. 17, the company announced Mond...

How the Math Powering Payments Adds Up in the Quantum Era
At a first-principles level, math forms the foundation of the entire payments ecosystem. There are encryption methods that rely on advanced mathematics to secure sensitive payment data; tokenization ...

CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
A new regulatory report shows a variety of unlawful activity in America’s student loan market. The report, issued by the Consumer Financial Protection Bureau (CFPB) Monday (Dec. 16, covers violat...

New Federal Regulatory Posture Is Unlikely to Accelerate Corporate Fintech Deals – Report
PitchBook released their Quarterly Fintech M&A Review, which is tracking big bank M&A activity. PitchBook has shared informative and detailed insights on M&A by the 30 largest US banking institutions ...

Bitcoin (BTC) Continues to Outperform Gold and S&P 500 – Research Study
Bitcoin (BTC), coined as “Magic Internet Money” is perhaps a “legitimate” investment asset alongside traditional assets such as stocks, commodities, and bonds. This, according to an update fro...

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