News Topic: Fintech

The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking. ... Read full article

The U.K. company has recruited Bruce Wallace, formerly of Silicon Valley Bank, and Ronald Oliveira, who was with AvidBank, to lead its expansion here. ... Read full article

The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick. ... Read full article

The app, set to roll out this month, will be offered to the 38 million Office 365 users and can connect via the data aggregator Plaid to all bank and card accounts. ... Read full article

Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says. ... Read full article

Founder Brett King will now focus on the enterprise software side of the business, which provides mobile banking software to traditional banks. ... Read full article

Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses. ... Read full article

Many borrowers will suffer unless the program, the central bank's latest response to the coronavirus pandemic, includes consumer loans issued by fintechs. ... Read full article

No online lenders are approved for the agency's traditional programs, but they could make loans under the coronavirus stimulus package if they get special approval. ... Read full article

The mobile-only bank offers many standard neobank features and some added payment options. ... Read full article

Workers living paycheck to paycheck are borrowing from companies like PayActiv, DailyPay and Branch to survive the economic impact of the pandemic. ... Read full article

Banks cutting back on branch services — or closing stores outright — to slow spread of coronavirus; Trump administration to halt foreclosures as pandemic worsens; Wells Fargo hires TD's Ellen Patterson as general counsel; and more from this ... Read full article

COVID-19 is bringing business to PayPal, Blend, Symphony and others as homebound consumers and commercial clients seek more electronic services. But demand could cool if the economy slows further. ... Read full article

Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship. ... Read full article

The central bank made two more moves to keep credit flowing; the Housing Policy Council plan would halt mortgage payments during the COVID-19 crisis. ... Read full article

On the same day the Federal Deposit Insurance Corp. said it will soon rule on two applications, the agency also proposed benchmarks for all firms that want to own industrial loan companies. ... Read full article

The serial entrepreneur has created a challenger bank called One for middle-income people with complicated financial lives. ... Read full article

The U.S. challenger bank and the startup STC Pay aim to create a special blend of banking services for millions of tech-savvy, cash-averse consumers in Saudi Arabia. ... Read full article