Fintech

Banks should take a page from fintechs on innovation

01/22/19

Large financial institutions need to adopt a new mindset to compete with tech startups, one that allows them to take risks and put aside legacy systems.

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Why bankers should drop their fear of fintech regulatory sandboxes

01/22/19

Brian Knight at George Mason University says fintechs will be held accountable for legal violations in sandboxes — and banks can use sandboxes, too.

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Shutdown boosts payday lenders; CEO pay growth far outpaces rank-and-file

01/22/19

Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate.

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Are fintechs better off taking the ILC route to banking?

01/21/19

The industrial loan company charter is getting more attention as doubts grow about a new federal license for fintechs.

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CFPB's payday rule revamp, Fiserv-First Data deal, shutdown impact: Top stories of the week

01/18/19

CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most-read stories.

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How Citi will shrink its pay gap, and beware those freshman renegades

01/18/19

Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive freshmen females who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.

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KeyCorp’s deal for student lender raises eyebrows

01/17/19

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

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KeyCorp to buy digital platform from Conn. community bank

01/17/19

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

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Fiserv and First Data: By the numbers

01/16/19

The Fiserv-First Data deal, valued at about $22 billion, will combine two of the financial services industry's largest technology and processing companies.

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Fiserv-First Data: Why small banks fear big fintech

01/16/19

The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so.

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