The bill would create a federal obligation for credit reporting agencies to offer free credit freezes and prevent them from selling consumer information while a freeze is in place.

Banks should not be fatalistic about the threats posed by tech companies in financial services. Incumbents still hold the upper hand.

Agency confirms it’s investigating the credit bureau; regulator gives green light to Upstart Network to use cellphone payments, etc., to underwrite loans.

With the high-performance and capabilities AI provides, this technology will serve as one of the most valued assets in the future, writes Arushi Srivastava, senior director of public sector for NTT Data Services.

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.

Blockchain is already taking a bite out of the fees traditional financial institutions extract from cross-border transactions by providing a workaround that avoids third parties.

The credit union will now be able to implement picture pay, enhanced mobile banking and other features.

More than 100 suits have been filed since the company revealed the massive data breach last week; price of digital currency is down 25% since hitting a record high a week ago.

Security professionals have long argued against the use of static identifiers like passwords and Social Security numbers, while consumers have long questioned why a handful of bureaus can claim to be the ultimate judges of their identities.

The breach may result in a huge new dump of names, addresses, Social Security numbers and other personal information that fraudsters can leverage to gain access to a legitimate user’s account, writes Jason Tan, CEO of Sift Science.

Rep. Carolyn Maloney, D-N.Y., sent a letter to the top executives at TransUnion and Experian on Wednesday asking them what steps they are taking to safeguard consumer data in light of the Equifax breach.

New clients will use vendor’s KeyStone core processing system.

Systems that run cash management services were built decades ago and prioritized functionality over user experience. That is starting to change as banks invest more heavily in digital upgrades geared toward commercial customers.

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.

The best solution to the current broken identity system is to flip the authentication process from third parties to the users themselves.

The open tech that powers added data sharing has already resulted in security events, writes Stephen Singham, managing director of security research at Distil Networks.

Lenders aren’t happy with the way the credit bureau has responded to the data breach; JPM chief calls digital currency “a fraud.”

It's only the early days after the Equifax breach, but breadth of the data has the potential to reverberate for some time, requiring a mix of detection, prevention and response, according to John Gunn, chief marketing officer at VASCO Data Security; Atiq Raza, CEO of Versec; and Tim Erlin, vice president of product management and strategy at Tripwire.

Thirty-six lawmakers signed a bipartisan letter Tuesday calling for an investigation into the sale of stock by Equifax executives between a data breach at the firm and when it was disclosed.