Fintech

JPMorgan Chase is partnering with another fast-growing technology firm, this time to help business clients eradicate paper checks.

The Upstart Network's CEO, Dave Girouard, explains how the online lender worked with a normally aggressive federal regulator to balance the needs for innovation and consumer protection.

The Consumer Financial Protection Bureau issued its first "no-action letter" to an online lender that uses alternative data to determine creditworthiness and loan pricing.

The once confrontational relationship between fintech and traditional banking has clearly changed as both sides are finding ways to work together.

Vikram Pandit, who ran Citigroup during the financial crisis, said developments in technology could see some 30% of banking jobs disappearing in the next five years.

Square became the third fintech firm in recent months to seek out a bank charter. Others are likely to follow.

The person-to-person payment service, the big banks’ answer to Venmo, is scheduled to launch a stand-alone app next week.