As the influence of technology grows in the midst of the mobile technology revolution and a global pandemic, so do the roles financial technology firms and servicers play in the American financial system. While most fintech companies partner with banks and credit unions to bring their products and innovation to market today, some, propelled by a favorable regulatory environment, have decided to forge their own future and convert into banks themselves.
April 8, 2020
The president of the United States signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. The legislation includes provisions for advanced tax credits to Americans that meet certain eligibility criteria.
November 12, 2019
The race to offer deposit, savings, or “cash” accounts adjunct to existing financial services solutions and nonbank brands continues at full swing, with Credit Karma announcing a high-yield savings account feature on October 3, 2019.