Fintech

Five challenges facing SoFi's new CEO

01/23/18

Stepping in after co-founder Mike Cagney's resignation, Anthony Noto needs to overhaul the firm's corporate culture, lay the groundwork for an IPO and determine whether to renew SoFi's pursuit of a bank charter.

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The challenger bank Chime says it has 750,000 millennial customers

01/23/18

Few fees, automated savings and social media engagement all reel in the 23- to 37-year-old set and present a competitive threat to big, traditional banks, according to CEO Chris Britt.

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Fintech lender Fundbox shows how open banking can be done

01/22/18

The online lender is integrating itself with several popular software programs to provide lending as a service. It’s an open-banking road map for skeptical banks.

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Crypto crackdown? That's a lot of hype, too

01/19/18

Fears about regulators coming down on digital currency trading caused an epic crash in the market this week. But reining in this evolving asset class won't be easy.

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Citi Ventures has an eye to future with new internships

01/18/18

The bank’s innovation unit hopes some of the students it takes in from 12 universities including Columbia, NYU and Texas will end up working at Citi someday or creating startups it can partner with.

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Mission-driven Varo Money secures $45 million from investors

01/18/18

U2 lead singer Bono is among the latest to support the ambitious mobile-only fintech startup, which applied for a national bank charter in July.

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Rethinking bill pay when there isn’t a bill

01/17/18

Providing the default card in digital subscription services is one way banks can win back bill-pay business, save customers time and help them manage their data.

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BB&T commits $50 million for fintech investment

01/17/18

The move comes at a time when banks are becoming more aggressive in acquiring or investing in financial technology companies.

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TD Bank’s bold bet on AI technology

01/16/18

In a move rare for the industry, the bank bought a team of data scientists to bolster its artificial intelligence efforts in areas including product recommendations and fraud prevention.

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Merrill Lynch partners with fintech on texting service

01/11/18

Banks have strictly controlled adviser-client text communications due to regulatory concerns.

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