There are perennial questions that come around all the time: Do banks need branches Why are banks so bad at stopping bad actors (AML and KYC) Will we end up cashless Can banking be run by machines Are banks needed (disintermediation) Can regulators keep up Can we create a system that has no government involved……

There are perennial questions that come around all the time: Do banks need branches Why are banks so bad at stopping bad actors (AML and KYC) Will we end up cashless Can banking be run by machines Are banks needed (disintermediation) Can regulators keep up Can we create a system that has no government involved……

Things we’re reading today include … Revolut investor slashes $5bn off valuation (telegraph.co.uk) ‘Banking as a Service’ startup Griffin raises $24M as it attains full banking license | TechCrunch Labour says it will use state bank to fund female-led businesses | Women in the boardroom | The Guardian A Year Later, Lessons From Silicon Valley……

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at the piping hot global payroll space, neobank Dave’s financial results and related stock boost, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT, subscribe here. The big story…

This week’s main blog discussions include … Introducing the Dimonsaur For the past decade, Jamie Dimon has regularly been decrying bitcoin as a scam. Here’s a few of his quotes: Jamie Dimon tells Davos that Bitcoin is a ‘pet rock’ that does nothing—except help with fraud and money laundering Jamie Dimon lashes out against crypto:……

Banks are looking for ways to monetize the sharing of consumer data as open banking regulations are passed across the globe.  Open banking pushes banks to collaborate with fintechs to share consumer data without friction, Matthijs van Voorst, strategic partnership director at the Netherlands-based $380 billion ABN AMRO Bank, said at the recent FinovateEurope event, noting…

To ensure that data is handled responsibly, Mastercard uses an established set of data and tech responsibility standards as well as additional senior executive oversight on all generative AI applications.   “Financial institutions have an advantage at the starting line when it comes to using generative AI,” Andrew Reiskind, chief data officer at Mastercard, told Bank…

I have found that several of my major bank account providers have started to question me about various activities from cryptocurrency investments to general document identification and reidentifying who I am. Of course, these are all driven by regulatory requirements for compliance, KYC, AML and such like but, in the process, it has killed my……

I have found that several of my major bank account providers have started to question me about various activities from cryptocurrency investments to general document identification and reidentifying who I am. Of course, these are all driven by regulatory requirements for compliance, KYC, AML and such like but, in the process, it has killed my……

I have found that several of my major bank account providers have started to question me about various activities from cryptocurrency investments to general document identification and reidentifying who I am. Of course, these are all driven by regulatory requirements for compliance, KYC, AML and such like but, in the process, it has killed my……