News Topic: Fintech

The bank will now let business customers receive and pay invoices from within online and mobile banking. ... Read full article

Fintech success stories have encouraged investors to back more startups, but newcomers will be hard-pressed to attract enough customers to compete while keeping expenses down. ... Read full article

The company aims to help borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification. ... Read full article

The banks will aim to attract new small-business customers by targeting the merchants that use Stripe's payment processing platform. ... Read full article

Visa insists that the Department of Justice, in objecting to its proposed $5.3 billion purchase of Plaid, fundamentally misunderstands the changing role of data in the payments industry. ... Read full article

Figure Technologies would only accept uninsured deposits, so it would not be subject to Fed or FDIC oversight. A major concern for banks is that the effort could open the door to incursions by bigger tech companies. ... Read full article

As it does with savings, Digit's algorithm calculates how much users can siphon off their earnings into retirement without missing the funds. ... Read full article

The 5-year-old company, which recently raised $131 million, says its strong growth reflects the timeliness of its mission: helping consumers who live paycheck to paycheck build wealth. ... Read full article

CEO Wendy Cai-Lee says Piermont Bank can do it all for financial technology firms: be their commercial banker, be their banking-as-a-service provider and develop APIs and other cutting-edge products for them. ... Read full article

In an open letter, industry veteran Thomas Vartanian outlines the steps the administration can take to encourage innovation, better detect cyber threats and modernize regulation. ... Read full article

The success of some fintechs in getting bank charters this year only underscores how onerous the process remains for many others. That’s unlikely to change unless policymakers reconsider what it means to be a bank. ... Read full article

The complaint charges the fintech startup with misleading customers about the interest they'd receive on deposits and the level of access to their money. It seeks an unspecified amount of consumer relief in addition to other remedies. ... Read full article

The Trump administration said it has picked Brian Brooks, who has led the Office of the Comptroller of the Currency in an acting capacity, to be considered by the Senate for a five-year term. But it is unclear whether he would stay on during the incoming ... Read full article

Jobs will be harder to find for graduates, and there are new underwriting platforms that can better predict students' future income in their chosen field. ... Read full article

The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks. ... Read full article

The fintech startup, which originally helped users cancel duplicate subscriptions, now wants to encourage healthier financial practices. ... Read full article

Scammers may have had more success at duping fintechs than banks in obtaining Paycheck Protection Program loans. But there are reasons for this apparent disparity. ... Read full article

Founder and CEO Neel Ganu has crafted a mobile app through which millennials can invest and spend using the same account. ... Read full article