Fintech
Fintech
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Banks plan to spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships.
December 26 -
A new European Union directive guarantees that third-party providers can access bank customers’ account information. The requirement will trigger a new revolution in financial services in Europe that U.S. bankers should be tracking.
December 26 -
Some were sold at discounted prices, while others were shut down by their acquirers or quietly ceased doing business.
December 25 - PSO content
This report examines how technology spending at banks are set to climb again in 2018 with budget growth at small banks exceeding that of large banks.
December 22 -
Technology spending at banks is set to climb again in 2018 with budget growth at small banks exceeding that of large banks.
December 22 -
Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era.
December 21 -
Wells, Fifth Third, others plan to raise pay after tax reform; Joseph Otting backs a federal banking charter for online lenders.
December 21 -
It was a bad year for the CEO of Equifax, the founder of a high-flying fintech and the regulatory agency bankers love to hate.
December 20 -
Comptroller of the Currency Joseph Otting said in a press conference Wednesday morning that there is a place in the banking world for some kind of fintech charter, though the exact parameters of such a charter are still unclear and have to be worked out.
December 20 -
In a relationship-based business, it’s not enough to sell your customers a sharp tool to pay for things. You also have to help them avoid cutting themselves with it.
December 20 -
The blockchain startup continues to pack its board with mainstream finance experts.
December 19 -
Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses.
December 19 -
Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.
December 19 -
Jon Stein plans to make Betterment's robo-adviser as personalized and intelligent as the online retailer's recommendation engine.
December 18 -
The Silicon Valley payment processor is firing back at critics who say its bid for a bank charter would open the door to similar gambits by tech giants. Community activists, meanwhile, seem to be coming around to the idea of Square opening a bank.
December 15 -
What's an industry challenger to do when it gets a lot of competitors of its own? Ally's Diane Morais has a plan. Heather Cox has inserted technologists into USAA's business lines, and outgoing Fed Chair Janet Yellen has achieved rock star status.
December 15 -
The dismissal of a lawsuit challenging the creation of a fintech charter gives the agency more time to refine its policy, but the court ruling may set up future legal challenges.
December 14 -
Covault has begun offering a digital identification and virtual safe deposit box service to banks and others. Similar efforts have failed before, but its backers say mobile apps and the cloud have made the service more practical.
December 13 -
Grupo Coppel and Insikt, an online lender, would appear to be cut from different cloth, but they share an expertise in providing credit to working-class, largely Hispanic consumers. The retail conglomerate also operates 1,000 bank branches in Mexico, mixing banking and commerce in a way that U.S. regulators have not allowed.
December 13 -
We entrust tech firms with vast amounts of information about our daily lives, with an expectation that they will safeguard it. But have we become too casual in the trust we place with them in exchange for more personalized experience and convenience?
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