Market News / Story
Stocktwits Fintech Pulse: US Fintech Weekly Briefing & Market Drivers
Stocktwits ·
Stocktwits reports: Shifts in fintech regulations and elevated benchmark interest rates reshaped the domestic online payments and neobanking landscape this week, as federal watchdogs adjusted rules governing digital wallet custody. Yield-bearing deposit products remained a focal point for digital banks this week after the Federal Reserve raised interest rates by a quarter point. Elevated interest rates continue to bolster net interest margins for deposit-heavy platforms while tempering…