Wall Street Journal
Crimestoppers
Some of the largest banks in the U.S. are looking to link up with state motor vehicle agencies to help fight identity fraud. “Motor-vehicle departments are appealing partners for banks as more people are opening accounts online. At the DMV, applicants typically must appear in person, at least initially, with a stack of documents including birth certificates and social security cards that are verified by trained staffers. If banks can enlist DMV help,
Filling the vacuum
A divided Congress makes it less likely there will be a compromise on a remake of Fannie Mae and Freddie Mac, but “that provides an opportunity for the Trump administration to take steps on its own — and the industry is lobbying to
War against hackers
Aflac has installed tripwires in its corporate digital network in order to trick hackers into revealing their presence. “Cybercriminals who click on links disguised as employee credentials or sensitive human resources data in fact are raising a
Financial Times
Win some, ...
Goldman Sachs’ online retail unit Marcus is “spooking” British competitors with its high-rate savings accounts, luring customers away or forcing them to raise rates to stay competitive. “Yes,
But the bank has to do more to
Homecoming
Simple, the American digital bank backed by Spain’s BBVA, has lured Amazon executive David Hijirida to become its CEO, “an example of talent
“Banking was my first love, especially on the retail consumer side,” Hijirida said. “The reason why I left was really out of frustration with traditional banks and finding it very difficult to change those institutions from the inside.”
Transformation
“Exploring the way technology is changing industry and society,” specifically how it its impacting banking and finance, gets a deep dive from the paper. One article looks at how American fintech companies are gaining ground by “
A third article looks at Arizona’s regulatory “sandbox” that “is a step towards
The paper also looks at the JPMorgan Chase-led Interbank Information Network, a
But a pilot project in Canada that hopes to use
Snubbing Frankfurt
Citigroup is looking for more
Elsewhere
For sale
Rabobank is
Quotable
“Your ill-advised commentary goes beyond holding the Fed accountable. You appear to be telling the Fed what to do with interest rates, which we believe is