News Topic: Fintech

The company's software can now be used to handle personal loans, credit cards and specialty-vehicle loans. ... Read full article

The app, dubbed One, allows users to save, spend, borrow and even share funds from a single account. ... Read full article

FitBank Pagamentos Eletronicos, a Brazilian fintech backed by JPMorgan Chase, plans to open a U.S. office in the first half of 2021. ... Read full article

The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports. ... Read full article

The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard. But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation. ... Read full article

The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state. ... Read full article

A survey conducted by Harris Poll and commissioned by Plaid found that 60% of U.S. adults are using more apps to manage money since the onset of the pandemic. ... Read full article

Justice Department officials have embarked on a rewrite of antitrust policy that could waive certain requirements for community bank mergers and provide fewer advantages to large, out-of-town buyers and banks in urban areas. ... Read full article

Lenders press Congress to restart — and revamp — the Paycheck Protection Program; Fed corrects stress test error for Morgan Stanley, Goldman Sachs; M&T's new fintech unit rolls out first product; and more from this week's most-read stories. ... Read full article

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. ... Read full article

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. ... Read full article

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 ... Read full article

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. ... Read full article

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

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

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

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. ... Read full article

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. ... Read full article