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Congratulations to the Grasshopper Bank team on the definitive merger agreement with Enova International

The bench strength we’ve built with our outstanding senior advisor team is a key competitive differentiator for Klaros. Today, I’m pleased to welcome Seth Ross to that team. Many of us at Klaros know him already. We’re excited to formalize his relationship with Klaros and make our clients aware of his role. Seth has deep expertise in Banking-as-a-Service (BaaS), earned wage access, and international money-movement, and a proven track record of driving growth in embedded finan

by Michele Alt, Roman Goldstein, and Patrick Haggerty To protect stablecoin holders from issuer insolvency, GENIUS: Requires an issuer to hold full and segregated reserves against all its outstanding stablecoins; Provides holders of stablecoins issued by a nonbank issue r a superpriority claim in bankruptcy on those reserves and the issuer’s other assets; and Prescribes a non-bankruptcy resolution process for any insolvent bank issuer . Congress, however, overlooked a few imp

We’re excited to welcome Lindsey Trussell to the Klaros team. Lindsey is a seasoned banking regulator with over a decade of experience. She began her OCC career as a safety and soundness examiner, overseeing institutions with assets ranging from $100 million to $400 billion, and most recently served as the Analyst to the Deputy Comptroller for Asset Management and Market Risk Policy, where she led the development and coordination of supervisory policy related to asset managem

The rapid emergence of artificial intelligence (AI) technologies creates a new pool of cyber risk, and a material commercial reason for partner banks to focus on information security.

Are you a foreign fintech considering entering the U.S.? Here are three key pointers to save you time and grief.