FDIC Financial Technology Technology 
Abrigo
FEBRUARY 25, 2025
The most recent FDIC Small Business Lending Survey found that slightly more than half of large banks (those with at least $10 billion in assets) can approve a small and simple loan in one business day or less, compared with only 29% of small banks (those with less than $10 billion). The results?
PYMNTS
JULY 22, 2020
Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.
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Jack Henry
DECEMBER 9, 2021
Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.
CFPB Monitor
JANUARY 25, 2021
Unless Rakuten’s most recent application is granted before that date, Rakuten’s FDIC insurance application, if approved by the FDIC, would subject Rakuten to the terms of the Rule. Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020.
Perficient
JULY 12, 2023
Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The complete 60+ page guidance is available to readers here.
South State Correspondent
NOVEMBER 14, 2024
Uninsured depositors, those with balances over the $250,000 FDIC threshold limit, are more likely to utilize instant payments and more likely to drain balances. Competition will force most banks to adopt this technology to compete for treasury management and consumer primary account status.
PYMNTS
DECEMBER 5, 2018
In its announcement, Signature noted that rather than funds requiring the intervention of two different financial institutions to move money between two parties, the platform enables funds to be moved in real time between corporate customers, as long as both are clients of Signature Bank. ” .”
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