Fintech

Can a BBVA spinoff crack the digital ID code?

12/13/17

Covault has begun offering a digital identification and virtual safe deposit box service to banks and others. Similar efforts have failed before, but its backers say mobile apps and the cloud have made the service more practical.

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Why a Mexican department store chain is investing in a U.S. fintech

12/13/17

Grupo Coppel and Insikt, an online lender, would appear to be cut from different cloth, but they share an expertise in providing credit to working-class, largely Hispanic consumers. The retail conglomerate also operates 1,000 bank branches in Mexico, mixing banking and commerce in a way that U.S. regulators have not allowed.

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Court throws out New York regulator's suit against OCC fintech charter

12/12/17

A district court judge said the state’s suit against Office of the Comptroller of the Currency is premature because the agency has not finalized its fintech charter nor has any firm applied for it.

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Mission-oriented neobank gains $47 million in funding

12/12/17

Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.

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Doing customers wrong allows your competitor to make things right

12/12/17

In a relationship-based business, it’s not enough to sell your customers a sharp tool to pay for things. You also have to help them avoid cutting themselves with it.

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Cryptocurrencies aren’t the problem in recent hacks, user error is

12/08/17

Tether's $31 million hack gave bitcoin skeptics plenty to crow about. But experts say bad security is to blame, not digital assets.

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‘Richard Nixon might disagree’: Comments of the week

12/08/17

Readers react to the change in tone at the Consumer Financial Protection Bureau, the launch of voice-command banking on Amazon’s Alexa, how regulation affects financial innovation and more.

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Has tech earned our trust, or are we just complacent?

12/08/17

We entrust tech firms with vast amounts of information about our daily lives, with an expectation that they will safeguard it. But have we become too casual in the trust we place with them in exchange for more personalized experience and convenience?

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WSFS Financial, SoFi to offer cash management account

12/07/17

The Delaware bank will process payments and provide debit card sponsorship services for SoFi Money, which is set to debut next year.

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How to tell if a fintech startup will succeed

12/07/17

Jon Zanoff, managing director of Barclays New York Accelerator, has been coaching fintech startups for decades. He offers tips on how to make it as a fintech startup and run an effective accelerator.

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