Fintech

Santander adopts nCino for business clients

07/23/18

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.

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Banks team with fintechs to bring AI to commercial accounting

07/20/18

Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables.

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State Street to buy investment management platform for $2.6B

07/20/18

State Street said it would suspend a share repurchase program and issue common and preferred stock to pay for the deal.

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Walmart's pay-advance app Even used by 200,000 employees

07/19/18

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app.

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CFPB promotes fintech; Zions closer to losing SIFI tag

07/19/18

The agency creates “regulatory sandbox” to help develop products, including crypto-based ones; FSOC agrees bank’s failure wouldn’t wreck the financial system.

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Which fintechs have been the most disruptive?

07/19/18

Brad Leimer, venture capitalist and former head of innovation at Santander and Mechanics Bank, shares his top picks.

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Solomon faces big challenges; Morgan Stanley crushes estimates

07/18/18

Goldman’s new CEO is expected to instill more corporate discipline; second quarter earnings jumped nearly 40% compared to a year earlier on higher revenues.

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LendingClub turns to outsider to oversee credit operations

07/17/18

The company, which is dealing with a lawsuit from the Federal Trade Commission tied to certain fees, hired Ronnie Momen from GreenSky as its chief lending officer.

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10 tips for banks bridging the digital divide in wealth management

07/16/18

Executives at the recent In|Vest conference discussed ways to make banks more competitive in the world of financial advice.

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Flagstar snags Regions exec, Manafort mortgage, fintech regs: Top stories of the week

07/13/18

Flagstar Bank raids Regions for its director of retail banking; prosecutors allege bank CEO got access to Trump in exchange for approving Paul Manafort mortgage; a potential turning point in fintech regulation; and more from this week's most-read stories.

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