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Wire transfers have higher fees and fraud risk than other methods, according to Chen Amit, CEO of Tipalti.

The market for cross-border person-to-person (P2P) remittances is massive. It experienced double-digit growth in 2018 as consumers migrated from one country to another in search of better economic opportunities, as well as to escape political and financial upheaval in their home countries.

Automating the loan application process is a potentially game-changing development that could put more car shoppers in control of which bank or credit union finances their purchase.

Investments in software can speed up decision-making and help traditional lenders better compete with fintechs for creditworthy customers who want their loans quickly.

A Financial Services subcommittee planned by Democrats to root out discrimination and expand financial inclusion could put institutions on the hot seat, but it could also foster regulatory relief.

Mastercard is counting on its logo to do the talking. It plans to drop its name from the Mastercard symbol in some physical and digital marketing and advertising situations.

Northeast Bancorp also expects the move to make it more efficient.

China’s expanding number of tourists is creating demand for more payment choices, and Wirecard hopes to tap into the growth with a prepaid card it’s developed with Ctrip, China’s largest travel agency.

The Jackson, Mich.-based institution also made its largest donation ever to a program to help students pay for college.

A Financial Services subcommittee planned by Democrats to root out discrimination and expand financial inclusion could put banks on the hot seat, but it could also foster regulatory relief.