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Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next.
February 16
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Their partnership aims to make it easier for community banks and other institutional investors to vet loans that they could buy from online lenders.
February 16
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Banco Santander joined existing investors JPMorgan and USAA as well as others in raising $25 million in secondary-round financing for Roostify, which seeks to build a paperless mortgage process.
February 15
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U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge.
February 15
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The investment continues a trend of banks focusing on commercial payments technology.
February 14
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Discount Bank in Tel Aviv has made several discoveries, including that customers ask more in-depth questions of its bank chatbot than expected.
February 14
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Webster Bank’s partnership with the national broker-dealer LPL is a reversal of its initial opposition to robo-advisers. It is the latest regional bank to enter a market first claimed by the biggest banks.
February 13
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The bank joins a small group of companies that believe short-term forecasts will ultimately help customers build healthier financial lives.
February 13
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The FS-ISAC hopes banks and data aggregators will adopt the updated standard for sharing customer account data.
February 13
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In what could be seen as a mea culpa for CEO Jamie Dimon's disparagement of bitcoin five months ago, the Wall Street megabank has released a big and relatively bullish report on cryptocurrencies.
February 12
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Early adopters of The Clearing House’s Real Time Payments network have built gateways and accelerated fraud detection systems.
February 12
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Early adopters of The Clearing House’s Real Time Payments network have built gateways and accelerated fraud detection systems.
February 12 -
For many newcomers to the U.S., establishing credit is a big challenge. A handful of entrepreneurs are developing tools to help verify their financial histories.
February 9
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Marquette Bank is proof that community banks don't have to be the fastest or flashiest to compete with online lenders. Instead, the Chicago bank closely mirrored fintech offerings while promoting personal service to set itself apart.
February 8
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Its latest partner, Mantl, has built software that lets consumers open accounts in four minutes. In such alliances Radius seeks expertise it lacks, gets heavily involved in product development, and tries to balance the spirit of innovation with the demands of compliance.
February 7
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Overstock will offer automated investing to its millions of shoppers. Some financial advisers reacted with a shrug, but are they underestimating the move?
February 5
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Digit, which launched as an automated savings app in 2015, has decided chatbots are a flawed interface. Now it’s redesigning its popular app to reflect its new vision.
February 5
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Large banks have begun sharing their adjusted gender pay gap ratios — how much women are paid versus men for similar jobs. The trouble is, they don’t have similar jobs.
February 2
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The nation’s two largest banks don't want the credit risk associated with the transactions.
February 2
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The few U.S. banks embracing data sharing say the industry is moving toward the standard.
February 1
