Three fintech stories that caught my eye: 1) Plaid introduces one-click IDV (I have some questions!) 2) Chase introduces a card for new-to-credit consumers that makes no sense. 3) Monarch tries out GPT-4 for PFM (how weird will they let it get?) workweek.com/2023/06/18/we-…

Critical 'nOAuth' Flaw in Microsoft Azure AD Enabled Complete Account Takeover thehackernews.com/2023/06/critic… via The Hacker News

Customers Bank Snags Loans & Team from Signature's Wreckage financialbrand.co/3PmnMXu

LA City Council Approves First Steps Towards Creating Public Bank buff.ly/42POT02

Kinda surprised a subprime credit card backed by borrowers' car titles was able to raise a $24m Series A in this climate: finsmes.com/2023/06/yendo-…

Nearly 27 million Americans have federal student loans in forbearance totaling $1.1tn or $41k/borrower. Interest payments are set to resume Oct. 1 after a 3-year moratorium. MS analysts see an economic hit in Oct. when spending levels shift lower due to higher debt service costs.

WOW: Lithuanian central bank revokes emoney license of bankrupt Railsr's European entity, Payrnet, in scathing statement finding "serious, systematic and multiple violations of legal acts." In some cases, Payrnet did *ZERO* AML/CFT assessment of clients lb.lt/en/news/licenc…

Zero-Day Alert: Apple Releases Patches for Actively Exploited Flaws in iOS, macOS, and Safari thehackernews.com/2023/06/zero-d… via The Hacker News

Alert: Million of GitHub Repositories Likely Vulnerable to RepoJacking Attack thehackernews.com/2023/06/alert-… via The Hacker News

This is embarrassing. Thanks Sen. Tuberville Marines Face No Confirmed Commandant for First Time in 164 Years military.com/daily-news/202…

West Virginia bets on hydrogen in gamble to save coal plant politi.co/44ilbSt via POLITICO

WhatsApp Business crosses 200M MAUs, introduces personalized messages feature tcrn.ch/46qTZTg via @techcrunch

Data security startup Cyera lands a $100M investment tcrn.ch/43RDIFr via @techcrunch

How to Build a BaaS Program: A Checklist for Getting Started financialbrand.co/46ov8j7

‘There’s no one system that can solve the problems across the B2B payments landscape’: Goldman Sachs’ Hari Moorthy on what lies ahead for B2B payments tearsheet.co/payments/there…

Revolut arrives in New Zealand finextra.com/newsarticle/42… via Finextra

Why Banks Can’t Underestimate Consumers’ Growing Comfort with Fintechs financialbrand.co/3XAT8vk

If You Are Going to Bank on Customer Loyalty, Return the Loyalty thefinancialbrand.com/news/bank-cult…

Threads profile can only be deleted by deleting Instagram account, Meta says tcrn.ch/43emeli via @techcrunch

Thrive Capital doubles down on Clair, a fintech helping frontline workers get paid instantly tcrn.ch/44cBCAd via @techcrunch