Starling Bank chief executive Ann Boden has expressed her opinion on the future of bank branches. She said: “Over time, I think that’s probably going to become the post office or a shared branch network. “I think in future it’s very, very unlikely that each of the big...

Starling Bank CEO Ann Boden:“very, very unlikely” big banks will all have branches on the high street in the future

Credit unions have long faced challenges in deploying digital lending capabilities that match the efficiency and accessibility of larger banks. Amount, a longtime trusted partner to some of the largest banks in the U.S., is now poised to assist credit unions in modernizing their lending products. With a fresh $30 million in equity funding, Amount is set to expand its digital origination and decisioning platform, specifically targeting credit unions seeking to enhance lending and better serve their members.

Amount’s $30M Investment to Revolutionize Digital Lending for Credit Unions

Securing investors is a critical step for founders looking to fund their startups and fuel growth. In this blog post, we will explore valuable insights on how to attract investors, drawing inspiration from the success story of Judo Bank. By examining Judo Bank’s strategies, we can uncover key considerations and...

How to Secure Investors: Lessons from Judo Bank

Modern Treasury, essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Bank and Wells Fargo. Instant payments, powered by the first new...

Modern Treasury Drives Growth of Instant Payments with Leading Banks

JPMorgan Chase is already hearing from US lawmakers after declaring it may soon impose unprecedented fees on its 80 million-plus customers. In a letter to the banking giant obtained by Fortune, Democratic Senators Elizabeth Warren and Chris Van Hollen blast the bank’s flirtations with fee hikes, including charges for basic checking accounts and services.

JPMorgan Chase’s Plan to Charge 80,000,000 Customers for Basic Checking Accounts and Services Is ‘Outrageous,’ Say US Senators in Blistering Response to Banking Giant

Missouri State

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CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

The recent failure of one of the top banks in the tech industry, Silicon Valley Bank, has led to concerns about a broader financial crisis that could have far-reaching consequences. The US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have taken extraordinary steps to prevent such a...

Silicon Valley Bank Depositors to Have Access to “All of Their Money” Following Government Intervention

Atlanta, GA

The chief executive and founder of an Atlanta-based financial consulting firm is also the leader of a $300 million Ponzi scheme who used investors’ cash to fund his own luxurious lifestyle, according to federal regulators. Suggested Reading. The Securities and Exchange Commission (SEC) on Wednesday charged Drive Planning CEO...

A finance CEO's $300 million Ponzi scheme funded a 'lavish' lifestyle, authorities say

Florida State

Akeena

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

Flagstone, the UK’s leading cash deposit platform*, has more than doubled the size of its Assets under Administration (AUA) since January 2023. The fintech business’s AUA now stands at £13.5 billion having consistently increased by more than £1 billion per quarter in the last 18 months.

Fintech Savings Platform Flagstone Doubles Customer Assets in 18 Months

Federal prosecutors have seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares owned by the FTX founder, according to a court filing revealed on Friday. John Ray, who replaced Bankman-Fried as CEO to guide FTX’s restructuring, is attempting to rescue...

Federal Prosecutors Seize $700 Million in Assets Connected to Sam Bankman-Fried

Camden, NJ

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Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

London is a hotbed for fintech startups, and the three companies that come up most frequently in conversations are Monzo, Revolut, and Starling Bank. These companies are considered the most successful in the London fintech space, but which one is the best for aspiring fintech employees?. This article offers an...

Revolut, Monzo and Starling: Who will you be joining in 2023?

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

PYMNTS

In the global view, small businesses aren’t so small. They represent 90% of all businesses and more than 50% of employment globally. And in emerging markets, they are contributing 40% of GDP. Those stats from the World Bank underscore the need for these smaller companies — the sole proprietorships,...

Visa’s Koenigsberg Says Small Businesses Are Ready to Embrace BNPL

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Morristown, NJ

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

The Australian Securities and Investments Commission (ASIC) reportedly took down 615 crypto scams in 12 months. According to an August 19 statement, scammers use fake news articles, reviews, and deepfake videos generated using Artificial Intelligence (AI) to dupe Australians on social media platforms. The recent crackdown was part of a...

Australia’s ASIC shuts down 615 crypto scams in a year

Black Banx, a new digital-only challenger bank, has been making waves in the banking industry with its innovative approach and customer service. Compared to other established banks like Wise, Revolut, and N26, Black Banx offers an alternative experience that could benefit those who want more from their banking services. Convenience...

Black Banx: A Promising Digital Banking Business in 2022 and Beyond

The Bank of England recently made headlines by rejecting the banking licence application of popular financial technology company Revolut. This decision has significant implications for both Revolut and the broader fintech industry. Revolut’s Ambitious Bid for a Banking Licence. Revolut, a UK-based fintech unicorn, has been disrupting the traditional...

Bank of England Rejects Revolut’s Bid for Banking Licence

NewsBreak

The Bursting of the FinTech Bubble: A Unique Opportunity for Banking Organizations

In recent years, the FinTech industry has seen a massive surge in growth and popularity. However, with the recent decline in shares of high-growth, low-profit public...

The Bursting of the FinTech Bubble: A Unique Opportunity for Banking Organizations

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