Fintech

Lawsuit against Plaid heightens focus on data privacy issues

07/13/20

A class action asserts that the data aggregator accesses more of consumers' bank account information than it needs and ultimately aims to sell the data to others. Plaid, which has agreed to be sold to Visa, denies the allegations.

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Fintech shakeout, Main Street loan quandary, PNC diversifies leadership: Top stories of the week

07/11/20

New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories.

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U.S. Bank partners with online academy on 'mini MBA' program for teens

07/09/20

The Minneapolis bank's U.S. Bank Foundation is helping Girls With Impact expand its programming to participants in New York City.

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Supreme Court ruling eliminates autodialer use for FHA, VA collections

07/06/20

The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cell phones for government-related debt collection.

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‘There will be hundreds of fintech failures’

07/06/20

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

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FDIC chief on why call reports are getting a makeover

07/01/20

Jelena McWilliams explains the agency's decision to enlist the help of tech innovators to modernize a reporting process that the coronavirus epidemic has exposed as outdated.

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Data privacy regs abroad put even finest digital tools to the test

06/30/20

Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.

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FDIC to hold competition to modernize call reports

06/30/20

The so-called tech sprint involving 20 companies from across the country is intended to help improve the efficiency of banks' quarterly data submissions to the regulators.

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What happens if Mastercard and Visa gobble up all the data aggregators?

06/29/20

Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier.

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As businesses try to recover, it's time for fintechs to get proactive

06/29/20

A spike in demand has led to a bigger emphasis on innovative solutions for the digital payments market.

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