News Topic: Data and information management

At a forum convened by the CFPB, several bank and fintech executives argued that long-delayed rules required under the Dodd-Frank Act can help fight discrimination and shine a light on unsavory practices in the market for small-business credit. ... Read full article

FinApps has filed a lawsuit that claims the data aggregator swiped its proprietary credit risk software while the two did business together. ... Read full article

The bank says it has restored access, but it hasn’t explained how a fire-suppression system at one facility could cause a nationwide outage across all of its channels, or how its system as a whole could have been left so vulnerable to the incident. ... Read full article

Christopher Higgins will join MUFG Americas in December as chief information and operations officer. ... Read full article

It's good advice in any relationship context. SunTrust's Bryce Elliott wants transparency from his technology partners. "It's OK to tell me no." ... Read full article

Ellie Mae EVP Joe Tyrrell talks customer acquisition strategy. Crafting a personalized consumer experience, he says, starts with data. ... Read full article

Barclays hired Adam Kelleher from BuzzFeed to build a new global team of data scientists to support the company's research department. ... Read full article

Banks should adopt a more collaborative process to usher in innovation and refine digital strategy, says SunTrust CIO Scott Case. ... Read full article

Despite impending data requirements, many small banks are still struggling with automating loan risk calculations. ... Read full article

Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won't delay the 2019 launch of Fannie Mae and Freddie Mac's new single "uniform mortgage-backed security." ... Read full article

The data concierge service will find, obtain, clean, integrate data for financial firms, for a monthly fee. ... Read full article

Banks are revamping and investing in new wholesale systems to solve the frustrations felt by corporate customers. ... Read full article

Equifax continues work to add new security features and restore full access to The Work Number following a report highlighting potential security vulnerabilities in a browser-based portal of its employment verification service. ... Read full article

Digital blockchain tokens can be naked instruments for profit-sharing among investors, but other types are directly linked to building network infrastructure. Their creation and sale must be unimpeded by regulation. ... Read full article

The company will record a $300 million charge to cover the elimination of three data centers and book $125 million in broader severance costs. ... Read full article

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards. ... Read full article

MIT professor Maria Loumioti has studied loans made strictly using hard data and loans where a loan officer clearly was influenced by personal connections or feelings about a borrower. The results shed light on the value and limitations of "soft" ... Read full article

The German bank announced a project designed to create a single online registration for users across a number of industries. ... Read full article