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As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s most-read stories.July 2
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Jelena McWilliams explains the agency's decision to enlist the help of tech innovators to modernize a reporting process that the coronavirus epidemic has exposed as outdated.July 1
ChairmanFederal Deposit Insurance Corp.
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Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.June 30
Chief Compliance and Data Protection OfficerInCountry
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The so-called tech sprint involving 20 companies from across the country is intended to help improve the efficiency of banks' quarterly data submissions to the regulators.June 30
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Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier.June 29
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A spike in demand has led to a bigger emphasis on innovative solutions for the digital payments market.June 29
Deputy CEOConnectPay
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Citizens Bank and Citigroup are among the financial institutions plugging away at a service that has gained little traction among customers.June 26
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Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks.June 25
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Challengers like Joust, Lili and NorthOne that offer banking services to freelancers and small-business owners are getting record levels of new customers as the traditional workforce thins.June 23
