OCC reverses 2024 bank merger review rule
The Office of the Comptroller of the Currency (OCC) has released an interim final rule, reinstating its expedited review process…
09 May 2025
DenizBank partners with Konsentus to improve open banking security
DenizBank, a subsidiary of DenizBank Financial Services Group, has joined forces with Konsentus to enhance its open banking operations. The bank operates in Austria and Germany. This collaboration will support…
09 May 2025
Pinwheel and nCino collaborate to ease direct deposit switching
Pinwheel has teamed up with nCino, integrating its Direct Deposit Switching (DDS) service into nCino's Consumer Banking Solution. This collaboration aims to improve the efficiency of deposit switch conversions for…
08 May 2025
Fintech firm Revolut selects Fourthline for identity verification
British fintech company Revolut has chosen Dutch identity services provider Fourthline as its “strategic partner”. This partnership is aimed at supporting Revolut's expansion plans while ensuring “operational agility” and “scalability”. …
08 May 2025
Santander to shutter 18 branches in US
Banco Santander is set to close six branches in Massachusetts and an additional 12 locations across the Northeast US, as detailed in recent federal regulatory filings. The affected Massachusetts branches…
08 May 2025
US CFPB spurns BNPL rule enforcement
The Consumer Financial Protection Bureau (CFPB) has ceased enforcement of a rule that classifies buy now, pay later (BNPL) firms as credit card issuers. In May 2024, the agency, under…
07 May 2025
UK’s FCA opens consultation to simplify mortgage rules
The Financial Conduct Authority (FCA) as launched a consultation aimed at simplifying the rules governing the UK mortgage market. According to the regulator, the initiative is intended to make it…