#finserv

Large drop in new defaults may signal reprieve for servicers A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from Intercontinental Exchange's mortgage technology unit. https://www.nationalmortgagenews.com/news/large-drop-in-new-defaults-may-signal-reprieve-for-servicers #FinTech #FinServ #Banking

Fed officials mishandled sensitive information: Watchdog report The Fed's Office of Inspector General, or OIG, released a 40-page report on Thursday detailing the shortcomings of the central bank's efforts to prevent employees and officials from disclosing proprietary information and analysis. https://www.americanbanker.com/news/fed-officials-mishandled-sensitive-information-watchdog-report #FinTech #FinServ #Banking

How a serial borrower fooled 7 banks out of $39 million A single borrower obtained fraudulent commercial loans from bank after bank for nearly a decade, using companies he controlled and false equipment-purchase applications. https://www.americanbanker.com/news/how-a-serial-borrower-fooled-seven-banks-out-of-39-million #FinTech #FinServ #Banking

Block to pay $45M to states for fraud on Cash App Block allegedly falsely advertised "advanced fraud detection" and secure account protocols when predatory scams were permitted to proliferate. https://www.americanbanker.com/news/block-to-pay-45m-to-states-for-fraud-on-cash-app #FinTech #FinServ #Banking #Payments #PayTech

How new payments tech is fueling Huntington's merger conversions Huntington Bancshares has joined The Clearing House's CHIPS corporate payment system. https://www.americanbanker.com/payments/news/huntington-joins-clearing-houses-chips-payments-system #FinTech #FinServ #Banking #Payments #PayTech

Western Union launches its own #Stablecoin Western Union has officially released its #USDPT stablecoin on Solana through a partnership with Anchorage Digital Bank. https://www.americanbanker.com/news/western-union-launches-its-own-stablecoin #FinTech #FinServ #Banking #Payments #PayTech

Adyen to buy German loyalty platform in first-ever acquisition Adyen has entered into a definitive agreement to buy Berlin-based loyalty and incentive platform Talon.One for 750 million euro ($879 million). https://www.americanbanker.com/payments/news/adyen-to-buy-talon-one-in-first-ever-acquisition #FinTech #FinServ #Banking #Payments #PayTech

The fusion of #TradFi and #DeFi raises questions for banks The "on-chain" economy still needs the stability of traditional settlement. Decentralized technology and traditional banking oversight are becoming increasingly interdependent. https://www.americanbanker.com/payments/news/how-banks-should-navigate-the-tradfi-defi-inflection-point #FinTech #FinServ #Banking