With Fraud Growing, Robinhood Becomes Latest Fintech To Block Customers From Transferring Money From Certain Banks

Fraudsters are more sophisticated and bolder than they've ever been before. To combat the rise in fraud, some merchants, banks and fintech companies have started to block transactions from neobanks. Alloy's CEO, Tommy Nicholas, talked with Forbes about the scary implications this trend could have on the fintech industry.

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