As shoppers embrace new forms of AI, crypto and alternative financing, payment experts say financial institutions will need to reassess traditional payment products.
A Trump presidency might very well accelerate recent efforts to adapt banking regulation to the rise of fintech.
-
The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.
-
Bank of America, Wells Fargo and U.S. Bank are among the institutions taking advantage of regulatory tailwinds to get more aggressive.
-
The giant card network and the global bank are combining their scale to boost real-time cross-border transfers as fintechs target the market.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
As online shopping and card fraud increase, startups offering easy-to-use "burner" cards could see strong traction.
-
Banks and data aggregators agree that screen scraping is a practice probably best left behind. In the coming year, the two might get better at sharing data via APIs.
-
A preview of the next version of Moven's personal financial management app finds a new direction helping people understand the trade-offs they make between short-term and long-term financial goals.
-
Some observers wonder if proposed regulatory targets for Fannie Mae and Freddie Mac will stoke concerns about low shareholder returns. But others suggest those fears are unfounded.
-
The templates are meant to make it easier to obtain agency approval for small-dollar loan products and to accommodate mortgage servicers that want to provide online loss mitigation options.
-
A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.
New bureau research digs into the fees that bettors get charged when they use credit cards to fund gambling accounts.
Analysts awaiting specifics on the "implicit guarantee" for Fannie Mae and Freddie Mac are split on whether mortgage rates and guarantee fees could rise.
-
The final Community Reinvestment Act rule notably expands the definition of "large" banks to include banks with at least $2 billion of assets, requiring more banks to comply with the updated rules. That expanded scope is a feature, not a bug.
-
The Consumer Financial Protection Bureau's mission is important. That's why Congress needs to have stricter oversight of its actions.
-
Three years removed from the Black Lives Matter protests, banks have not fulfilled their promises to help close the racial wealth gap.
-
Pornographers, private-prison operators and digital-asset firms were among the industries that major banks curbed ties with over moral or reputational concerns, according to the Office of the Comptroller of the Currency's preliminary findings in its "debanking" probe launched earlier this year.
-
Brex is powering Fifth Third's commercial card issuance in a move that boosts the fintech's distribution network and provides the bank with a more competitive commercial card proposition.
-
A new bill from Sens. Katie Britt, R-Ala., and Catherine Cortez Masto, D-Nev., would streamline the Securities and Exchange Commission's small-business surveys, which the agency uses to consider the needs of small businesses in rulemakings.
-
The student lending giant offered forecasts of future earnings that were far below Wall Street's expectations. In recent months, Sallie Mae has been upbeat about the new opportunities it sees under the Trump administration.
-
PayPal and other fintechs already offer small business loans based on future payment flows, creating a competitive market.
-
The lawsuit alleges the fintech giant secured its own corporate data with strong MFA while leaving client systems vulnerable to compromise.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
After two successful international expansions, Junqueira aims to bring Nubank's products to U.S. consumers even as the neobank faces strong competition from U.S.-based banks and fintechs.
While banks welcome the "whole-of-government" approach that led the effort, private sector takedowns remain difficult without federal warrants.
The 23rd annual ranking of women leaders in the banking industry.
-
Partner Insights from UiPath
- Sponsor content from CO-OP Solutions
- Sponsor content from Bottomline Technologies
- Partner Insights from Clickatell
-
Partner Insights from EY
