Technology
Venture capital funding to fintechs remains steady.

Tech startups differ from a bank’s typical commercial clients; many want a trusted financial adviser.

Paul Gu, co-founder and head of product at Upstart

Upstart, which specializes in the use of alternative data and AI in credit decisions, will make car loans directly and sell its technology to banks and other lenders.

MoneyGram sign at night

New York's attorney general announces MoneyGram will pay a civil fine to settle a lawsuit over its handling of remittance payments; Swedish buy now/pay later lender Klarna is getting into the telecom business; Truist Financial has hired Charles Alston to lead its new nonprofit hospital, higher education and government banking team; and more in this week's banking news roundup.

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Nubank US CEO Cristina Junqueira sits on beige chair holding mic with purple background

The Brazil-based fintech got conditional approval from the OCC to bring its digital banking services to U.S. customers.

American Banker research finds that most institutions are still planning out adoption, but see new data sharing products as crucial tools for growth.