BankThink

The dominance of the sector by the Big Four accounting firms poses its own systemic-risk concerns and prompts questions about how other mega-companies are audited.

Wells Fargo to introduce new pay plan; banks borrowing increases; banks transforming brokers

Uber and other digital commerce plays are drawing attention to online fraud and innovation. Payment companies and merchants will need to adjust to meet the pace of change in the year ahead.

The new year will ring in developments in the ways banks use chatbots and other artificial intelligence, and produce digital products and services.

Regulators here made strides to encourage innovation in 2016, while Brexit cast doubt on the London fintech boom. Yet the cross-Atlantic payments battle is just beginning.

Corzine Settlement; Deutsche Fills Post; Student loans

Regulators here made strides to encourage innovation in 2016, while Brexit cast doubt on the London fintech boom. Yet the cross-Atlantic payments battle is just beginning.

Receiving Wide Coverage ...Corzine settles: Former New Jersey governor and Goldman Sachs CEO Jon Corzine agreed to pay $5 million to settle Commodity Futures Trading Commission charges related to his role in the 2011 collapse of commodities brokerage MF Global Holdings, which Corzine headed. Under the terms of the deal, Corzine must pay the penalty out of his own pocket, not from insurance proceeds, "an unusual step that highlighted that the case was a high priority for the CFTC," the Wall Street Journal said. MF Global collapsed following a large bet on European bonds engineered by Corzine that went sour. Money was then allegedly improperly moved out of the firm. Wall Street Journal, Financial Times, New York Times

A 2018 deadline to automate government payments is fast approaching. Only with a mix of technology solutions and cooperation among agencies can that deadline be met.

One of the designers who worked on Kasisto's chatbot Kai argues that technologists are perpetuating female stereotypes; SoFi has some unusual ideas about how to get to know its customers better; and Fidelity gives in to the ETF trend. Also, Cathy Engelbert, Barbara Boxer and Megyn Kelly.