MoneyLion, a personal finance startup, raises $42M
The New York company, which offers loans and provides personal finance advice, plans to expand its product line and invest in new technology with the funds. ... Read full article
The New York company, which offers loans and provides personal finance advice, plans to expand its product line and invest in new technology with the funds. ... Read full article
Helping young employees pay down student debt is a more meaningful benefit than pingpong tables at work or free beer. ... Read full article
Commercial customers, including small businesses, seem ready to pay up to shift to faster, more sophisticated electronic invoicing and payments, and enterprising banks that provide them the technology to do so could find it lucrative. ... Read full article
Startups that have developed blockchains for real estate finance are starting to conduct a broader array of transactions, including property sales. Banks can either try to incorporate the technology into their businesses or risk being displaced by it. ... Read full article
The digitally savvy lender MyBucks, which has lent money through a smartphone app and chatbots on WhatsApp and Facebook Messenger, could be a good role model for U.S. banks thinking of using AI in credit decisions. ... Read full article
With so much uncertainty, the only thing that's clear is how different the sector may look a year from now. Here's an overview of the leading trends in technology that will impact banking in 2018. ... Read full article
TD Bank's new lab seeks to divine the future of banking. ... Read full article
Banks plan to spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships. ... Read full article
Is it a bubble? Is it a fraud? There are many ways to look at the highly volatile bitcoin, few of them banker-friendly. ... Read full article
The famed investment bank is set to become the first major Wall Street bank to make markets in digital currencies such as bitcoin. ... Read full article
Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era. ... Read full article
BankMobile, the digital-only subsidiary of Customers Bank in Wyomissing, Pa., is planning to use software by Upstart to offer its first credit product to the students it reaches through relationships with 800 universities. ... Read full article
EU banks will soon start sharing customer account data with all third parties their customers approve. Very few U.S. banks have latched on to this concept. Here’s why. ... Read full article
The blockchain startup continues to pack its board with mainstream finance experts. ... Read full article
Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses. ... Read full article
A Russian cybersecurity software company reported last week that a new group of cybercriminals had stolen $10 million from 16 community banks. But there's no hard evidence that actually happened. ... Read full article
With Wall Street on board, investors look to spend coins on real estate or through bitcoin debit cards. ... Read full article
Some firms are investing in technology to help insurance clients shift to paperless payment processing. ... Read full article
Banks are looking at using the powerful number-crunching technology to make risk calculations, analyze portfolios and protect their systems against sophisticated cyberattacks. ... Read full article
Covault has begun offering a digital identification and virtual safe deposit box service to banks and others. Similar efforts have failed before, but its backers say mobile apps and the cloud have made the service more practical. ... Read full article