Technology

The online lender approved Black applicants at lower rates than non-Hispanic whites, according to a law firm that monitors its artificial intelligence models. Upstart said it's an industry leader in fair lending but acknowledged room for improvement, calling disparities "an industry-wide challenge."

Onuu uses artificial intelligence to help its customers with budgeting.

The Tennessee company said the cyberattack took place in late January and early February.

The breach was quickly followed by fake text and app messages to customers that appeared to come from the challenger bank.

Mechanics Bank in Walnut Creek, California, has signed up to be Inclined's first partner.

The company hopes its new technology infrastructure will help it scale and quickly roll out new products.

The popular peer-to-peer payments network is rife with fraud. And as much as the Consumer Financial Protection Bureau might want to crack down on the big banks that own Zelle, the agency is legally handcuffed.

Morgan Stanley will pay $35 million to settle Securities and Exchange Commission allegations that one of its units failed to secure the personal data of millions of customers when replacing company hard drives and servers.

The founding CEO of PayPal and former CEO of Intuit plans to launch Nirvana Money next month. It will combine basic banking with an alternative to a secured card that evolves into a normal credit card.

The additional data that will become available as the economy slows should reveal the true strength of the technology companies some banks are working with and that should inform whether more regulation is required.