Bank of America ordered to pay FDIC $540M in risk lawsuit
A judge’s decision, made public Monday, marks the latest development in a yearslong legal fight between the bank and the regulatory agency over the unpaid deposit insurance assessments.
https://www.bankingdive.com/news/bank-of-america-fdic-540-million-risk-lawsuit-2017/745419/
https://www.alojapan.com/1246236/tokyo-apr-11-2025-jcn-newswire/ TOKYO, Apr 11, 2025 – (JCN Newswire) #Cards&Payments #fintech #Inc. #jcb #news #SumitomoMitsuiFinancialGroup #Tokyo #TokyoNews #東京 #東京都 JCB Enhances Customer Experience with Expanded Payment Acceptance for App Store and Apple Services in Asia. Customers can now use their JCB Cards to pay for purchases on the App Store, Apple Music, Apple TV app, iTunes, iCloud storage and more. This expansion reflects JCB’s commitment to providi…
Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines
Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond https://www.theguardian.com/us-news/2025/apr/10/donald-trump-tariffs-impact-uk-beyond #USeconomicgrowthandrecession #Trumpadministration #Economicgrowth(GDP) #Internationaltrade #Globaleconomy #Interestrates #Trumptariffs #NatWestGroup #ThamesWater #Economics #Inflation #Business #Fintech #Tariffs #Shein #Bonds
oh look, another #fintech bankruptcy involving Evolve Bank & Trust.
some other fun places Evolve has popped up:
1. issuer of #FTX and #BlockFi debit cards (before those companies blew up and customers lost all their money)
2. #GeorgeSantos and #AndyOgles held their campaign money at Evolve
3. #Synapse bankruptcy which cost customers of a bunch of fintech "banks" like #Yotta most if not all of their money
4. Partnered with "anti-woke" fintech #GloriFi
5. Got hacked by Russia midway through Synapse bankruptcy proceedings
6. Anonymous crypto debit card issuer for #ZELF
7. Frequently found to be the bank used by #pigbutchering fraudsters
8. Sanctioned by federal reserve for fraudulent lend
The fact that Evolve has not been shut down is kind of insane. Banking system cannot survive if these kinds of bad actors roam free like the wind.
* more on Evolve: https://fintechbusinessweekly.substack.com/p/evolves-problematic-partners-bankruptcies
* even more: https://fintechbusinessweekly.substack.com/p/evolve-hit-with-fed-enforcement-action
Democrats stall #Stablecoin bill, citing Trump crypto ambitions
Democratic lawmakers want to add language to the bill that would restrict elected officials and high-level government employees from owning and profiting off stablecoin issuers.
FB Financial to acquire Southern States for $381M
Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.
March 2025: Top five fintech M&A deals of the month
https://www.fintechfutures.com/m-a/march-2025-top-five-fintech-m-a-deals-of-the-month
Aussie Fintech Vroom Exposes Thousands of Records After AWS Misconfiguration – Source:hackread.com https://ciso2ciso.com/aussie-fintech-vroom-exposes-thousands-of-records-after-aws-misconfiguration-sourcehackread-com/ #1CyberSecurityNewsPost #CyberSecurityNews #JeremiahFowler #cybersecurity #Australia #Hackread #security #Fintech #MongoDB #privacy #breach #Leaks #Vroom #YouX
https://www.alojapan.com/1224060/indian-startups-heres-your-golden-ticket-to-global-innovation-sushi-tech-tokyo-2025/ Indian Startups, Here’s Your Golden Ticket to Global Innovation: SusHi Tech Tokyo 2025 #AI. #EmergingTech #fintech #GlobalStartupOpportunities #IndianStartups #InnovationPlatform #SmartCities #startup #StartupFunding #StartupIndia #SusHiTechTokyo2025 #SustainabilityStartups #SustainableUrbanLiving #TechnologySummit #Tokyo #TokyoTopics #UrbanDevelopment #東京 #東京都 Imagine a world where urban landscapes are seamlessly connected, transportation is…
Another Director position at the Monterey Bay Aquarium, in a team adjacent to mine
https://www.dsgco.com/search/22042-monterey-bay-aquarium-director-of-strategic-partnerships/
A Proactive Approach to Payment Fraud Prevention
Consumer education is critical to fraud management
Positive Pay is a vital investment for fraud prevention
https://news.bloombergtax.com/payroll/a-proactive-approach-to-payment-fraud-prevention
Retailers are pushing payment modernization as customers ask for more
A KPMG survey found that a majority of retailers plan to keep updating their payment programs to keep up with consumer tech demands.
Mastercard courts community banks
The card network has initiated a new partnership with the Independent Community Bankers of America that will extend its services to that group’s financial institution members.
https://www.paymentsdive.com/news/mastercard-community-banks-payments-digital-wallets-fraud/743080/
Can New 'Credential' Concepts from Mastercard and Visa Recapture Consumers' Eroding Loyalty?
My two cents: it’s a complicated scheme that very few people will adopt.
Bakkt stock down after Bank of America breaks ties
Bank of America and Webull Pay LLC opted not to renew their commercial agreements with the digital asset and payment fintech
https://www.americanbanker.com/news/bakkt-stock-down-after-bank-of-america-breaks-ties
Klarna seeks to flex advertising muscle
#BNPL provider Klarna has become an advertising juggernaut, and the new tie to Walmart will give it access to troves of additional customer data.
https://www.paymentsdive.com/news/klarna-buy-now-pay-later-bnpl-merchant-advertising-revenue/742883/
ICBA calls for taxes on credit unions, but only larger ones
I’m not sure how this would be workable (or fair)
https://www.americanbanker.com/news/icba-calls-for-taxes-on-credit-unions-but-only-larger-ones
Hallo Welt 
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