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#finserv

8 posts · Last used Jul 25

Alex Jimenez @AlexJimenez@mas.to
· 2mo ago
Large drop in new defaults may signal reprieve for servicers A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from Intercontinental Exchange's mortgage technology unit. https://www.nationalmortgagenews.com/news/large-drop-in-new-defaults-may-signal-reprieve-for-servicers #FinTech #FinServ #Banking
Large drop in new defaults may signal reprieve for servicers
National Mortgage News

Large drop in new defaults may signal reprieve for servicers

The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.

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Alex Jimenez @AlexJimenez@mas.to
· 2mo ago
Fed officials mishandled sensitive information: Watchdog report The Fed's Office of Inspector General, or OIG, released a 40-page report on Thursday detailing the shortcomings of the central bank's efforts to prevent employees and officials from disclosing proprietary information and analysis. https://www.americanbanker.com/news/fed-officials-mishandled-sensitive-information-watchdog-report #FinTech #FinServ #Banking
Fed officials mishandled sensitive information: Watchdog report
American Banker

Fed officials mishandled sensitive information: Watchdog report

The central bank failed to prevent critical economic information from falling into the hands of "foreign adversaries," according to a report from its inspector general.

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Alex Jimenez @AlexJimenez@mas.to
· 3mo ago
How a serial borrower fooled 7 banks out of $39 million A single borrower obtained fraudulent commercial loans from bank after bank for nearly a decade, using companies he controlled and false equipment-purchase applications. https://www.americanbanker.com/news/how-a-serial-borrower-fooled-seven-banks-out-of-39-million #FinTech #FinServ #Banking
How a serial borrower fooled 7 banks out of $39 million
American Banker

How a serial borrower fooled 7 banks out of $39 million

U.S. Bank, Arvest, Old National, BMO and WaFd took the losses in a decade-long scheme the DOJ announced.

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Alex Jimenez @AlexJimenez@mas.to
· 3mo ago
Block to pay $45M to states for fraud on Cash App Block allegedly falsely advertised "advanced fraud detection" and secure account protocols when predatory scams were permitted to proliferate. https://www.americanbanker.com/news/block-to-pay-45m-to-states-for-fraud-on-cash-app #FinTech #FinServ #Banking #Payments #PayTech
Block to pay $45M to states for fraud on Cash App
American Banker

Block to pay $45M to states for fraud on Cash App

A settlement with 46 states resolves allegations that Block's Cash App engaged in deceptive marketing and failed to maintain legally mandated fraud protections. The deal also requires Block to honor an agreement with the Consumer Financial Protection Bureau made in the final days of the Biden…

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Alex Jimenez @AlexJimenez@mas.to
· 3mo ago
How new payments tech is fueling Huntington's merger conversions Huntington Bancshares has joined The Clearing House's CHIPS corporate payment system. https://www.americanbanker.com/payments/news/huntington-joins-clearing-houses-chips-payments-system #FinTech #FinServ #Banking #Payments #PayTech
How new payments tech is fueling Huntington's merger conversions
American Banker

How new payments tech is fueling Huntington's merger conversions

As the Ohio-based bank absorbs a pair of banks in Texas, it's also enhancing its ability to quickly move larger sums for business clients.

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Alex Jimenez @AlexJimenez@mas.to
· 5mo ago
Western Union launches its own #Stablecoin Western Union has officially released its #USDPT stablecoin on Solana through a partnership with Anchorage Digital Bank. https://www.americanbanker.com/news/western-union-launches-its-own-stablecoin #FinTech #FinServ #Banking #Payments #PayTech
Western Union launches its own stablecoin
American Banker

Western Union launches its own stablecoin

The company is officially releasing a digital asset product that it first announced back in October.

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Alex Jimenez @AlexJimenez@mas.to
· 5mo ago
Adyen to buy German loyalty platform in first-ever acquisition Adyen has entered into a definitive agreement to buy Berlin-based loyalty and incentive platform Talon.One for 750 million euro ($879 million). https://www.americanbanker.com/payments/news/adyen-to-buy-talon-one-in-first-ever-acquisition #FinTech #FinServ #Banking #Payments #PayTech
Adyen to buy German loyalty platform in first-ever acquisition
American Banker

Adyen to buy German loyalty platform in first-ever acquisition

The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.

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Alex Jimenez @AlexJimenez@mas.to
· 6mo ago
The fusion of #TradFi and #DeFi raises questions for banks The "on-chain" economy still needs the stability of traditional settlement. Decentralized technology and traditional banking oversight are becoming increasingly interdependent. https://www.americanbanker.com/payments/news/how-banks-should-navigate-the-tradfi-defi-inflection-point #FinTech #FinServ #Banking
The fusion of TradFi and DeFi raises questions for banks
American Banker

The fusion of TradFi and DeFi raises questions for banks

Banks must plan to support decentralized finance without disturbing their existing businesses. That's easier said than done.

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