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The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.
June 19
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The chatbot at DBS’s digital bank in India handles most customer service questions but can also sense when it is time to hand something off to a real person.
June 19
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The Fed is preparing to release the results of its annual stress tests in what is likely to be the last iteration of the post-crisis supervisory program before sweeping changes are made.
June 19
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Following are notable cases where banks were tripped up by the Fed's stress tests either by flunking the numbers (or quantitative) part of the test or raising red flags on a qualitative basis.
June 19
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On March 31, 2017. Dollars in thousands
June 19 -
If credit unions want to keep the much-touted white hat the movement likes to wear, they may need to learn to live with yet another rule they're not fond of.
June 19
Credit Union Journal -
The CU regulator stopped short of banning financial incentives in the merger process, but a proposed rule could make it easier for members to know who gets what when the deal closes.
June 19
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On March 31, 2017. Dollars in thousands
June 19 -
For digital-marketing agency Cooperatize.com, taking bitcoin for payment in 2014 was easy enough. All co-founder Roger Wu had to do was obtain a digital wallet. The number of transactions the New York-based firm has made since? Zero.
June 19
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Microsoft and Accenture have unveiled a blockchain-based digital-identification system in connection with the ID2020 international initiative.
June 19
