Fintech

Branch plans during outbreak, foreclosure pause, Wells Fargo's new top lawyer: Top stories of the week

03/20/20

Banks cutting back on branch services — or closing stores outright — to slow spread of coronavirus; Trump administration to halt foreclosures as pandemic worsens; Wells Fargo hires TD's Ellen Patterson as general counsel; and more from this week's most-read stories.

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Fintechs getting a boost from coronavirus outbreak

03/18/20

COVID-19 is bringing business to PayPal, Blend, Symphony and others as homebound consumers and commercial clients seek more electronic services. But demand could cool if the economy slows further.

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Speed matters during a crisis. Here's how tech can help.

03/18/20

Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.

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Fed keeps trying to calm markets; Mortgage payment pause considered

03/18/20

The central bank made two more moves to keep credit flowing; the Housing Policy Council plan would halt mortgage payments during the COVID-19 crisis.

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FDIC nears decision on ILC bids as it floats new standards for charter

03/17/20

On the same day the Federal Deposit Insurance Corp. said it will soon rule on two applications, the agency also proposed benchmarks for all firms that want to own industrial loan companies.

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Ex-PayPal CEO Bill Harris launches neobank for struggling households

03/17/20

The serial entrepreneur has created a challenger bank called One for middle-income people with complicated financial lives.

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Moven teams up with Saudi firm in cross-border fintech experiment

03/13/20

The U.S. challenger bank and the startup STC Pay aim to create a special blend of banking services for millions of tech-savvy, cash-averse consumers in Saudi Arabia.

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SoFi hires exec from Amazon to lead deposit, card businesses

03/12/20

The addition of Maria Renz shows how much emphasis the San Francisco fintech is putting on operations and customer experience.

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'Crossover hiring' can address the gender gap in fintech

03/12/20

As the fintech industry looks for ways to bring on more women, crossover hiring — recruiting from traditional financial services firms to fintechs — has emerged as an effective strategy, Donna Parisi of Shearman & Sterling and Michelle Tran of NYC Fintech Women write.

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What could quell the boom in 0% installment lending

03/11/20

Firms such as Afterpay that offer financing to shoppers have been enjoying rapid growth. But their model is under scrutiny from regulators, being mimicked by credit card lenders and faces heightened risks in a downturn.

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