Fintech

M&T's new fintech unit rolls out first product

09/09/20

The bank's innovation group has developed a software tool for law firms. It hopes the project will help it speed products to market and attract top technology talent.

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What's next for Jiko now that it owns a bank

09/08/20

The fintech and the Minnesota bank it acquired last week, renamed Mid-Central National Bank, intend to pioneer a new method of storing and moving money for consumers.

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Online loans are holding up better than expected

09/08/20

Fintech lenders that reported a surge in missed payments at the start of the pandemic have seen credit quality rebound substantially since. But credit performance could still deteriorate if high unemployment persists and Congress fails to enact more relief measures.

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Huntington launches automated savings tool

09/08/20

The Ohio regional added a feature to its mobile app that analyzes a customer's spending habits before sweeping small amounts of cash into a savings account.

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The questions credit unions must ask when choosing technology vendors

09/04/20

Institutions considering new technologies must ask themselves what they're looking for not just from a product but from a partner.

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BNY Mellon takes a step toward a future without passwords

09/04/20

The bank's Pershing unit is using fingerprint and facial recognition technology on Apple devices to protect user access to its desktop software.

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The fintech Jiko buys a bank

09/03/20

The company has acquired a federal savings association, Mid-Central Federal Savings Bank in Wadena, Minn., which is converting to a national bank.

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CFPB’s latest underwriting revamp seen as boon to fintechs, GSEs

09/02/20

The agency’s plan to extend the "qualified mortgage" stamp of approval to more loans could help lenders that rely on alternative data and cushion the blow of other QM changes for Fannie Mae and Freddie Mac.

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Building customers’ wealth by putting excess cash on ‘Autopilot’

09/02/20

The fintech Wealthfront's latest wrinkle gives clients a high level of control over their money, including the ability to set automatic transfers to savings accounts or exchange-traded funds.

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DOJ antitrust unit considers overhaul of bank merger review process

09/01/20

The division asked for public feedback as it weighs changes "to reflect emerging trends in the banking and financial services sector."

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