Fintech

A fintech’s bait for banking’s big fish

11/15/18

Self Lender is launching a secured credit card next year in the hopes of attracting big-bank partners that can use it to comply with the Community Reinvestment Act.

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Nonbanks' rapid growth poses risks to industry: FDIC's McWilliams

11/15/18

FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.

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Fintech startup tries to help consumers fix credit report errors

11/15/18

Upturn, which is owned by a BBVA unit, is offering a free online tool consumers can use to detect and dispute inaccuracies in their credit report.

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Mary Meeker's audacious goal, Wells Fargo's gender drama and Goldman's new partners

11/14/18

Wells Fargo explains to the "girls" that there really is no gender bias, but that guy is retiring, OK? Rana Yared is one of Goldman Sachs' 18 new female partners. And Mary Meeker sets a huge target for the venture capital firm she'll create to invest in tech startups.

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Can an exec from Amazon reboot Simple?

11/14/18

The online-only bank hopes new leadership can help it overcome its rocky past three years.

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Prosper branches out, shifts strategy as it launches second product

11/14/18

The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.

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AI must be scrutinized by regulators, top Fed official warns

11/13/18

The Federal Reserve is paying close attention to how it might regulate artificial intelligence and machine learning, Fed Gov. Lael Brainard said in a speech Tuesday.

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Banks try to enlist DMVs to fight identity fraud; Marcus haunts London

11/13/18

Motor vehicle agencies are better suited to vet customers’ identities than banks; Goldman unit is stealing customers from big U.K. banks.

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How banks can avoid becoming zombies

11/13/18

Gartner recently predicted that 80% of banks will become irrelevant by 2030. Analyst Peter Redshaw explains the strategies banks need to execute to survive.

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The edge a serial entrepreneur sees in challenger banks

11/12/18

Serial neobank entrepreneur Anthony Thomson is building his third institution, this one in Australia. Here's what he's learned about the industry as he embarks on another run.

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