Risk101 Group

Wells Fargo | January 23, 2020

One of Wells Fargo & Co’s (WFC.N) top regulators plans to bring enforcement actions against as many as 10 former executives in relation to the bank’s sales practices scandal as soon as Thursday, a person familiar with the matter told Reuters. The Office of the Comptroller of the Currency (OCC) actions may result in monetary penalties against the executives and bans from working for OCC-regulated banks, the person said. Wells Fargo declined to comment. A spokesman for the OCC did ...

finextra | March 24, 2020

The Covid-19 outbreak may just provide the pin that bursts the fintech bubble, according to a report by Rosenblatt Securities, which forecasts a devaluation of Unicorn businesses and tough times ahead for challenger banks, marketplace lenders and robo-advisory services. The Rosenblatt note points to a likely deterioration in fintech operating performance during a deep downturn, as funding sources evaporate and exit options change significantly. States the report: "These forces may feed off ...

Financial Management, Fintech

SUNRATE | November 28, 2022

FinTech company SUNRATE, the global payment and treasury management platform announced that it has entered into a partnership with Agoda. SUNRATE will be integrating its online travel solution with the global digital travel platform. Beyond virtual cards issuance The partnership is announced one month after ITB Asia 2022, where SUNRATE shared with travel stakeholders on how its holistic online travel solution, comprising of virtual cards issuance is revolut...

Fintech

CBANC | January 11, 2022

CBANC, the largest online community for banking and credit union professionals, recently launched a comprehensive platform that features an online marketplace of products and solutions for financial institutions. The new marketplace enables information and data for 1,000 products from more than 450 companies that provide innovative solutions and services to banks and credit unions. With this, the new marketplace also provides the industry with the most up-to-date, comprehensive ca...