Technology

COVID-19 and the looming ransomware threat

In today’s uncertain workplace reality, C-suite executives at financial institutions seem to have an endless list of urgent priorities requiring their attention. Recent reports have shown that there is an urgent, evolving worry that financial institutions must confront: cybersecurity, and specifically, the threat of ransomware. [Continue]

Fintech competition ramps up

Colin Walsh is on the cusp of accomplishing the audacious goal he set for himself four years ago: To open the first FDIC-insured fintech bank. Walsh, founder of Varo Money, Inc., just received FDIC approval for Varo Bank, N.A. The OCC will soon finalize the preliminary approval it gave the venture 18 months ago; by the end of this month, Varo plans to file for a holding company charter from the Federal Reserve. [Continue]