Fintech

One challenger’s goal: Banking that digs deeper into small-business operations

12/10/19

The startup Rho argues that small firms still have unmet needs, especially tracking cash flow in real time.

[more]

Fighting terrorism while helping immigrants a tricky balancing act

12/10/19

The leader of a new Compliance and Payments Task Force dives into how it will address emerging issues of counterterrorism financing in the digital age.

[more]

Big tech banking plans may pose risk to financial stability: FSB

12/09/19

The international regulatory group said that despite some benefits from tech firms' incursion, the companies' efforts may present operational and disruption risks.

[more]

Libra: The opening act of a modern regulatory drama

12/09/19

Facebook’s stablecoin initiative has inspired countless ideas about how to put fintech under the control of federal regulators. Here are the most critical questions.

[more]

Now $500 million richer, Chime eyes acquisitions

12/06/19

The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said.

[more]

Stern warning to lenders mulling end run around California rate caps

12/06/19

Federal and state policymakers wagged their fingers this week at high-cost lenders that might be looking to team with banks to evade a 36% ceiling on interest rates.

[more]

A 'false narrative'? Banks strike back against claims of fintech advantage

12/06/19

Bankers are disputing upstarts' claims customers don't like them, noting progress that traditional institutions have made in recent years.

[more]

JPMorgan Chase signs data sharing agreement with Envestnet Yodlee

12/05/19

The largest U.S. bank will share data through application programming interfaces with a sometimes-controversial data aggregator.

[more]

SoFi cleared to offer crypto in New York

12/04/19

The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.

[more]

There's a better way to regulate small-dollar lending

12/04/19

Instead of imposing interest rate caps, policymakers should require online lenders to provide clear disclosures and promote partnerships with banks.

[more]