Browsing: banking

Key insights: Buy now, pay later lender Affirm submitted applications to the Federal Deposit Insurance Corp. and the Nevada Financial Institutions Division to create Affirm Bank. What’s…

Key insight: Monzo fixed the core issue but has not yet disclosed the specific root cause of the platform failure.Key insight: A “back-up bank” system allowed…

Key insight: Supply chain vulnerabilities emerged as the primary vector for banking breaches in 2025, often bypassing direct institutional defenses.Supporting data: 700Credit’s API breach exposed data…

Key Insight: While bank CEOs don’t typically weigh in on political debates or discuss government policy, 2025 under the second Trump administration was filled with such…