Digital banking has become an expectation for consumers, prompting banks to partner with fintech companies to meet this growing demand. In the race to stay competitive, however, some banks forged relationships that left them vulnerable to security and compliance risks.
This was evidenced by recent consent orders the FDIC entered against Ohio-based...
A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will hold higher for longer than many economists had expected.
The producer price index rose 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus and not as much as the...
Even though most users report having problems with buy now, pay later services, they’ve become broadly accepted across all income categories in the U.S. Roughly 40% of Americans have used the service, a number that is consistent among all household income levels.
BNPL plans are often thought to be most...
China remains an essential market for most American chipmakers despite Washington’s efforts to restrict chip sales to the country and amid Beijing’s push for self sufficiency in the semiconductor sector.
Data from S&P Global showed that U.S. chip giants Intel, Broadcom, Qualcomm and Marvell Technology all generate more revenue from China compared with the U.S.
The U.S. has passed...
Global funding for fintech ventures has fallen to its lowest level in seven years, with a 16% quarter-over-quarter dip between Q4 2023 and Q1 2024. This is despite a reported 11% gain for venture funding across sectors.
Analytics firm CB Insights recently released its quarterly venture capital report highlighting activity for Q1...
