Technology
Technology
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EU states such as Belgium, Lithuania and Ireland are offering e-money institution, payments institution or banking licenses to fintechs, which can be passported across Europe, in anticipation of the U.K. losing its ability to do so after Brexit. But there is no cross-border deposit protection for European consumers holding accounts at EU banks with passported licenses.
January 24 -
A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers.
January 23 -
Rep. Patrick McHenry, R-N.C., the ranking member of the House Financial Services Committee, wants the panel to look into how Britain's move to leave the EU – which has rankled credit unions across the pond – is impacting the U.S.
January 23 -
Rep. Patrick McHenry, R-N.C., the ranking member of the House Financial Services Committee, urged Chairwoman Maxine Waters, D-Calif., to prioritize certain "critical areas" in the new Congress.
January 23 -
The company protects digital assets with hardware-based security, biometrics and quorums. Hedge funds are already signing on.
January 23 -
Those of us who have found ourselves in roles as stewards of the public trust in this sector are finding agreement in a variety of protocols that bridge even the stodgiest savings account with the coolest app-based e-wallet, writes Bryan Woods, president of Spend Inc.
January 23 -
Una Fox will be in charge of using AI and other data-driven technology to figure out what customers want from digital banking and how they want it.
January 22 -
Regulators are handing out fines for GDPR violations, that while relatively small can have a large impact on the push for sharable identity by drawing attention to how large companies use data.
January 22 -
The fingerprint biometric firm Zwipe raised approximately US$ 14 million (Norwegian Krone 120 million) in its latest Series B funding round.
January 22 -
Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.
January 22 -
Large financial institutions need to adopt a new mindset to compete with tech startups, one that allows them to take risks and put aside legacy systems.
January 22 -
Data scientists from NASA, Google and hundreds of other places are working for financial firms in their spare time. Is this a good idea?
January 22 -
Brian Knight at George Mason University says fintechs will be held accountable for legal violations in sandboxes — and banks can use sandboxes, too.
January 22 -
Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate.
January 22 -
The industrial loan company charter is getting more attention as doubts grow about a new federal license for fintechs.
January 21 -
Fintechs are developing data-crunching, automated products that seek to help banks precisely calibrate capital levels. The banks' goal is to pass stress tests while maximizing returns to investors.
January 20 -
CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most-read stories.
January 18 -
Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive female freshmen who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.
January 18 -
Hackers pretending to screen a Chilean ATM network staffer for a new job instead slipped malware onto his work computer, leading to a broader attack.
January 18 -
Widespread hacks often make front-page news, while measuring the actual harms to customers when personal financial information is stolen gets little attention.
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