Fintech

Banks need to get with the data ownership program

11/27/17

The most important policy question facing banking, brokers and insurance companies is putting a framework in place that very quickly defines data ownership rights across the financial value chain.

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Welcome to open mic night at a Citi fintech unit

11/22/17

Borrowing from the startup world and some popular TV shows, Citigroup is encouraging employees to pitch innovative ideas to a panel of senior execs who could give them the green light to start work.

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How banks can herd ‘unicorn’ clients

11/21/17

Tech startups differ from a bank’s typical commercial clients; many want a trusted financial adviser.

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Cleveland Fed withdraws online lending study after doubts arise

11/19/17

Fed researchers purported to show that consumers who use peer-to-peer loans have bad financial outcomes, but questions quickly emerged about the data they used.

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Coinbase positions itself as a digital currency custodian

11/17/17

The startup is betting that a venture offering safe storage of digital assets will entice billions from banks and other institutional investors.

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Fintech seeks to ‘democratize data’ with Nasdaq’s help

11/17/17

The startup Intrinio lets algorithmic traders and banks pick the types of company and market data they want to use rather than pay a large monthly fee for a broad, terminal-based service.

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Blockchain moves beyond its 'moonshot' phase

11/16/17

Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying technology commercially viable.

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Online lenders should heed criticism of their effect on borrowers

11/15/17

Evidence that the credit characteristics of online installment borrowers at the time of repayment are consistently worse than at the time of borrowing should be a sobering thought for lenders that have not been fully tested in a credit downturn.

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Fidelity latest financial firm to facilitate data sharing with fintechs

11/14/17

Following in the footsteps of Chase, Wells Fargo and others, Fidelity is launching an application programming interface to let third-party apps access customer data — as long as the customers grant permission.

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The good reason why banks make bad fintech partners

11/08/17

Fintechs should learn to value risk management — and the necessary bureaucracy that comes with it, bankers said this week in defending themselves again criticism that they are a pain in the neck to work with.

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