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Quick on which sector does the U.S. spend more than defense, education and pensions combined? You guessed it health care.
January 8
Simplee -
Cathy Bessant pitches her bank to fintech startups; Blythe Masters pitches her fintech startup to banks; skepticism about Sallie Krawcheck's venture.
January 7
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In theory, Sen. Bernie Sanders' plan to use Section 121 of the Dodd-Frank Act to break up the big banks sounds plausible. In practice, it won't ever happen. Here's why.
January 7IntraFi Network -
Sen. Richard Shelby's bill changing how regulators gauge if a bank is "systemic" would refocus post-crisis policy on institutions that pose the greatest threat.
January 7
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It is rumored that the word fintech was first used by the Sunday Times in 1985. That case is almost certainly an outlier but since 2013, fintech has been hard to escape.
January 7
Cryptomathic -
After enduring a slew of post-crisis scandals, bankers are beginning to see the light on becoming stewards of their organizations.
January 6
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Subpar mentoring programs for recruits new to the banking industry could be the reason institutions are finding it hard to keep new talent.
January 6
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Walmart has entered the mobile payments industry, announcing in December that it was introducing Walmart Pay, an upgrade to Walmarts existing app that will allow in-store shoppers to pay with their smartphones at checkout.
January 6
Clarus Commerce -
At the start of 2015, there was a sense that Silicon Valley would soon rule the world of finance and that banks risked irrelevance. A year later, a more balanced picture has emerged.
January 5
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If impending rules on overdraft protection go too far, banks could intentionally pull back on providing the service to illustrate just how useful it is.
January 5