Mar 15, 2021 | Federal Regulation, FinTech, News
New FDIC CIO Sees Fintech as Path to Expand Banking The Federal Deposit Insurance Corp. (FDIC) recently named Sultan Meghji as its first chief innovation officer. Meghji co-founded the fintech company Neocova in 2016, and is now tasked with heading the FDIC’s efforts...
Mar 8, 2021 | Federal Regulation, FinTech, News
FDIC Names First-Ever Chief Innovation Officer Last month, the Federal Deposit Insurance Corporation (FDIC) named Sultan Meghji as the agency’s first Chief Innovation Officer. Meghji will lead the agency’s efforts to promote the usage of innovative technologies...
Mar 3, 2021 | Financial Literacy, FinTech, News
Experian Research Finds Consumers Embracing Digital Transactions Experian’s 2021 Global Insight Report revealed that 60 percent of consumers currently use a mobile wallet to make digital payments, and 38 percent of consumers anticipate increasing their online activity...
Jan 29, 2021 | FinTech, News
Walmart to Launch Fintech Startup Earlier this month, retail giant Walmart announced a strategic partnership with Ribbit Capital to create a fintech startup aimed at expanding Walmart’s financial services offerings for customers and employees. The fintech startup will...
Dec 24, 2020 | Banks & Credit Unions, FinTech, News
FDIC Approves ILC Rule, Clearing Way for Corporations to Become Lenders Earlier this month, the Federal Deposit Insurance Corp. (FDIC) approved a final rule allowing major non-bank businesses to seek banking charters and begin lending to consumers as so-called...
Dec 7, 2020 | FinTech, News
LendUp Starts Digital Bank, Named ‘Ahead Financials’ Last week, small-dollar lender LendUp officially launched a subsidiary digital bank called Ahead Financials, offering younger customers and the emerging middle class a no-fee checking account and debit card,...
