PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
-
Two long-awaited developments — the Consumer Financial Protection Bureau's data access proposal and the Federal Reserve's faster payments network debut — are slated for next year. The combined effect on consumer banking might be more consequential than we now know.
December 27
American Banker -
Mike is co-founder and COO of Koffie Financial, a modern-day insurer focusing on trucking and transportation. Prior to co-founding Koffie, Mike worked for seven years in leadership roles at The Dorfman Organization, a 4th generation boutique insurance brokerage specializing in transportation. He is excited to use granular, real-time data, machine learning, and IOT to digitize and solve antiquated and historically unprofitable commercial P&C lines.
December 27
-
Commercial loans at federally insured credit unions increased 25% to $132.2 billion in the third quarter of 2022, even though many institutions are facing a tough job market. Their answer is to find strong candidates within their own ranks.
December 27
-
Despite a slow year overall, banks announced several substantial merger and acquisitions in 2022.
December 27
-
Banks and other lenders revived special-purpose credit programs after racial-equity protests in 2020 prompted them to reexamine their services for historically underserved groups. Now they're taking those initiatives nationwide.
December 27
-
The U.S. should look abroad for innovative solutions to the problem of assessing the creditworthiness of borrowers with little formal credit history.
December 26
credolab -
American Express, LendingClub and Webster Bank are among the financial firms that named new chief information officers and chief technology officers.
December 26
-
The $23 million deal, announced more than a year ago, was terminated following regulatory delays.
December 23
-
The sharpest run-up in rates seen in over three decades slashed mortgage origination volumes, and contributed to a volatile market environment, but had some cyclical benefits for servicing.
December 23
-
Consumer advocates urged a district court to dismiss a lawsuit against the Consumer Financial Protection Bureau, alleging that discrimination is an "unfair," practice under the Dodd-Frank Act.
December 23
