Rather than addressing a pressing need like an economic crisis, a fintech charter would place the federal government in the business of choosing winners and losers in a market, with the potential to distort the banking system.
Community banks need profit and diversification opportunities, while marketplace lenders may find mergers to be the easiest route into the banking system.
To help ensure that women are included in digital banking's future, we must reach girls and young women at an earlier age than their college years to equip them with the IT tools they need to succeed in tomorrow's workforce.
About two-thirds of banks that close branches will lose deposit share in their impacted markets in time. Here's how to prevent customers from leaving your bank.
Institutions should define data "liabilities" and "assets" and represent them in a way that both touts data successes and is transparent about data gaps.
Just like climate change, it is impossible to deny the gender bias in banking. Instead of sweeping bias under the rug, seek out the inequalities and unfair practices and fix them.
Strategies include developing formal agreements with partners defining the anti-money-laundering requirements and responsibilities that are expected of them.
