Fintech

ING bets its future on open banking

06/17/19

The Dutch company is no longer a bank in some countries, but more of a digital matchmaker between consumers and financial products provided by third parties, explains innovation chief Benoit LeGrand.

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Cross River poaches execs from student refinancing firm Laurel Road

06/17/19

The execs were hired for their focus on loan origination, portfolio management and securitization.

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Google and PayPal explored OCC’s fintech charter, then walked away

06/16/19

Dozens of companies, including Google and PayPal, met with OCC officials last year in part to discuss obtaining a new fintech charter, but many ultimately decided not to pursue it, according to sources. Here's why.

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Goldman, Stripe execs spar on future of financial services

06/14/19

Both companies want money to be "programmable." But how to go about it is a matter of dispute.

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Fully automated compliance is big hurdle for this fintech's APIs

06/14/19

Synapse is working to refine its application programming interfaces to meet know-your-customer and other complex requirements, but it's a tall order, the head of the back-office-services platform says.

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Chime reports big user growth, but rival Varo questions numbers

06/13/19

The CEO of the digital-only bank Chime says it has quadrupled its membership in a year. So why doesn't his counterpart at Varo believe him?

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U.K. challenger bank Monzo aims for U.S. charter in broad stateside push

06/13/19

Monzo has been adding roughly 200,000 users a month in the U.K., and is hoping to replicate that success as it launches in the U.S.

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The evolution of the Fed's stress tests

06/12/19

Stress tests have come a long way since first unveiled to shore up confidence in banks. But some critics fear that proposals to make the system more efficient would compromise its safety.

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Why U.S. consumers are less willing to embrace fintechs

06/12/19

In a study of 27 global markets, the U.S. ranked near the bottom for consumer use of fintech, raising questions about why Americans appear reluctant to dive in.

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Warren, Jones press regulators on fintech lending discrimination

06/12/19

Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers.

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