Fintech
Fintech
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To say 2019 has been a busy year for Michal Katz fails to capture the whirlwind of activity and change that has surrounded her for the past 12 months.
September 22 -
Amy Brady, KeyCorp's chief information officer, is keen to spread the word to potential employees about tech opportunities in Cleveland.
September 22 -
StreetShares, started as a peer-to-peer service for veterans, has added a platform intended to connect small financial institutions and underbanked companies.
September 22 -
The consumer agency is investigating Bank of America over “potentially unauthorized” accounts; why fintech rollouts are magnets for fraud; KeyCorp’s Beth Mooney to retire next year; and more from this week’s most-read stories.
September 20 -
Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow.
September 20 -
The fintech is now worth $10 billion more than its top rival, Square; cost cuts, asset growth and share buybacks could offset the headwinds from low rates.
September 20 -
From expanding their membership to buying naming rights for major stadiums, big credit unions are taking unfair advantage of their tax exemption, bankers and industry observers argue.
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Salaryo and Joust are among the companies catering to a clientele of underbanked entrepreneurs, Uber drivers and the like. Venture capital dollars are starting to follow.
September 19 -
A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply.
September 19 -
The mortgage industry has put more emphasis on organizing data in a digital manner and presenting it in an easily digestible format.
September 18 -
MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.
September 18 -
Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.
September 18 -
A new registry aims to make it easier for credit unions to set up voice banking capabilities, but it remains to be see if consumer demand is there for this service.
September 18 -
With more players joining the lending industry, it's becoming a more crowded space, and business owners weighing their options are a bit overwhelmed, says Luke Intuit's Luke Voiles.
September 18 -
Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.
September 16 -
Hackers go in for the kill when challenger banks and others launch retail products. So the companies are forced to step up their defenses — fast.
September 16 -
The West Virginia company, which invests heavily in fintech firms, bought Chartwell Compliance in Maryland.
September 16 -
A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply.
September 16 -
Hawaii State FCU has a dedicated branch for testing new products. It's a format that other institutions could follow.
September 16 -
The online lender’s name will go on a glitzy new stadium scheduled to open next year in Inglewood, Calif. The big question is whether the 20-year deal will contribute to profitability, which SoFi has yet to achieve on a consistent basis.
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