Technology
Technology
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Telhio Credit Union in Ohio hopes to help contractors verify their earnings when applying for loans and other financial services.
December 29 -
Even as DeFi remains mostly unregulated, it offers no shield against the legal consequences of alleged fraud.
December 29 -
Federal agencies' complaints against FTX's leaders have led to scrutiny of the banks it worked with. While it's unlikely the bankers will be held accountable for the cryptocurrency exchange's wrongdoing, the case could make it more difficult any bank that wants to work with crypto-related businesses.
December 28 -
Phishing and ransomware attacks were among the deadliest for financial institutions in the past year.
December 27 -
The U.S. should look abroad for innovative solutions to the problem of assessing the creditworthiness of borrowers with little formal credit history.
December 26 -
American Express, LendingClub and Webster Bank are among the financial firms that named new chief information officers and chief technology officers.
December 26 -
The $23 million deal, announced more than a year ago, was terminated following regulatory delays.
December 23 -
The National Credit Union Administration will soon name a director for its Office of Financial Technology and Access, which Hood — a board member and former chairman of the agency — created. He explains in an interview why the office's work is a priority.
December 23 -
SNAP recipients need easy and reliable access to their account balances and transaction histories. The Consumer Financial Protection Bureau ought to clear the way and let that happen.
December 23 -
Hacks of banks, credit unions and insurance companies compromised the data of millions of consumers, who filed a flurry of class actions in response.
December 22 -
U.S. Bank and KeyBank were among those that made significant advances in their use of cloud computing during the past year.
December 21 -
Banks, fintechs and credit unions are cautiously investing in technology and customer experience as next year's economy remains uncertain.
December 19 -
Banco Bradesco, Brazil's second-biggest bank by market value, plans to buy more minority stakes in tech companies to accelerate its expansion in the United States.
December 19 -
Investors are learning the hard way, again, that highflying new financial products, with little or no regulatory oversight, tend to crash.
December 19 -
The former chief innovation officer at Quontic Bank and American Banker's 2020 Digital Banker of the Year is offering seminars, a bank-fintech matchmaking platform and a fintech investment fund.
December 16 -
The National Credit Union Administration can no longer examine third-party vendors and service providers. That leaves the industry vulnerable to cybercriminals and other bad actors.
December 16 -
First United Bank in Oklahoma developed a personal finance platform with a fintech that appears to be driving a rush of new savings accounts at the bank.
December 15 -
The Small Business Administration must be prepared to effectively oversee any new lenders it allows in its flagship 7(a) loan guarantee program to guard against fraud and other risks, Democrats and Republicans on the Senate Small Business Committee warned.
December 14 -
The app, Magnusmode, includes illustrated instructions for depositing a check, using an ATM and more. M&T Bank was its first U.S. bank partner.
December 14 -
Mitsubishi UFJ Financial Group is in talks to invest about $200 million in Akulaku, an Indonesian online lender backed by Jack Ma's Ant Group, according to people familiar with the matter.
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