Technology
Technology
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Northeast Bank and its fintech lending partner Newity have engineered a surge in 7(a) loans that has helped the Portland, Maine-based bank boost profits as tightened regulatory standards made the loans harder to get.
July 30 -
Many of the 100 banks in the BankTech Ventures consortium have expressed interest in using the data-sharing network.
July 30 -
A FICO survey shows 33% think exaggerating income on credit applications is acceptable. Ironically, many also prioritize strong fraud prevention from banks.
July 30 -
The bank partnered with the cryptocurrency exchange platform to connect Chase customer accounts and services directly to Coinbase wallets next year.
July 30 -
The online lender-turned-bank saw a strong quarter as tariff-driven fears start to ease. Executives are also looking to rebrand the company.
July 30 -
The groundwork for a system of international payments that bypasses the sclerotic SWIFT network has been created. Now the banking industry needs to get behind the switch to blockchain-based payments.
July 30 -
The consumer protection agency told a Kentucky court it wants to re-examine the issues around the way bank customer data is shared with fintechs through data aggregators.
July 29 -
Artificial intelligence is helping banks and credit unions reduce friction points in their customer experiences and more, per new research from American Banker.
July 29 -
Jack Dorsey's Block Inc. is adding a group payments feature to its Cash App as it aims to attract out of network users to its peer-to-peer money transfer and banking app.
July 29 -
Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.
July 29 -
Art collectors — and criminals — can anonymously spend millions on art in the U.S. A newly introduced bill could change that.
July 28 -
The big box retailer is trying to increase share among its business clients by adding financing options for businesses that are navigating economic volatility.
July 28 -
The corporate cash management fintech acquired ATOM to extend treasury management services to its business customers and raised funds from PNC and State Street.
July 25 -
The New York bank is the latest to offer generative AI to all its employees and agentic AI to developers. Chief Information Officer Marco Argenti explained the bank's next steps with the technology.
July 25 -
A huge percentage of Americans, particularly Gen Z and millennials, score poorly on financial literacy tests, with predictable consequences. AI-powered agents would help empower them.
July 25 -
Fedwire has migrated to ISO 20022, a messaging standard designed to make it easier for digital real-time processing rails to work together. It's a difficult lift for banks, but the agency promises it will be worth it.
July 24 -
First-party fraud — customers claiming they never made a transaction when they know full well they did — is a growing problem for banks. An emerging host of vendors including Socure are offering machine learning models that detect this.
July 24 -
The fintech has made its core payment app interoperable with Venmo and will connect 2 billion users through partnerships in India, China, Brazil and other major digital commerce markets.
July 23 -
Bank lobbying groups have formally objected to the recent wave of applications by crypto companies for national trust bank charters. They argue that too little information has been made public about the firms' business models and planned products.
July 23 -
Ocala Community Credit Union is the latest credit union to partner with InvestiFi and offer crypto investments for its members.
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