Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.
From frictionless payments to improved underwriting models, connected cars will rewrite the rules for how and where banks interact with their customers.
If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation.
With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line.
Despite their global reach, the largest U.S. banks mostly stayed quiet in response to President Trump’s ban stopping nationals from certain Muslim countries from entering the United States.
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