News Topic: Building a future ready financial enterprise
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Proposed digital bank to target Gen X customers
American Challenger Bank would offer consumer and commercial products using technology from Temenos. Organizers recently applied with the FDIC for deposit insurance. ... Read full article
CDFIs plug tech holes to close wealth gaps
Community development financial institutions, which tend to be less digitally savvy than traditional banks and credit unions, are developing online-lending platforms and automating backroom processes with investments and technical assistance from big ... Read full article
Federal Trade Commission files complaint against Beam Financial
The complaint charges the fintech startup with misleading customers about the interest they'd receive on deposits and the level of access to their money. It seeks an unspecified amount of consumer relief in addition to other remedies. ... Read full article