Is core-banking technology nearing a 'big shake-up'?
Alexander Lopatine, who founded Nymbus and has joined Mbanq, says alternative providers are gaining the confidence of more banks. However, questions remain about their staying power in the fight with traditional vendors.
Which fintechs are best positioned to handle a recession?
A trader reacts as trading begins inside the Frankfurt Stock Exchange following the U.S. Presidential election result announcement in Frankfurt, Germany, on Wednesday, Nov. 09, 2016. Global markets were thrown into disarray as Donald Trump won the U.S. presidential election, shocking traders after recent polls indicated that Hillary Clinton would be the victor. Photographer: Alex Kraus/Bloomberg
In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.
Supreme Court ruling means less deference for bank regulators by judges
The U.S. Supreme Court building stands in Washington, D.C., U.S., on Thursday, July 5, 2018. President Donald Trump said he's narrowed his choice to replace retiring Supreme Court Justice Anthony Kennedy to four people and that he expects to make a decision by Sunday. Photographer: Andrew Harrer/Bloomberg
A recent high court decision said judges no longer have to automatically give agencies the benefit of the doubt when interpreting their regulations.
The Federal Deposit Insurance Corp.’s latest report on the industry’s health had positive news about the earnings recovery last quarter, but it also showed that low interest rates amid continuing economic uncertainty are putting downward pressure on asset yields.
With COVID-19 cases soaring, a growing number of banks, including JPMorgan Chase, U.S. Bancorp and Capital One, have pushed back target dates for bringing employees back to offices. Some are even allowing them to work from home indefinitely.