The credit union service organization Member Driven Technologies has a laid-back environment but works hard to translate its internal culture to employees who may be hundreds of miles from headquarters. ... Read full article
Clearpool's chief executive says BMO Financial Group, which is buying his company, saw a chance to gain control of cutting-edge technology that would help it cater to a special type of commercial customer. ... Read full article
Criminals are filling the void left by lax U.S. regulation of cryptocurrencies. ... Read full article
The startup has added more sophisticated invoicing features, sleeker onboarding and a more detailed dashboard. ... Read full article
Some fraudsters pose as loan applicants and submit doctored video or photos of property and assets to scam lenders they won't see in person. Firms like Elevate Funding and Credibly are fighting back. ... Read full article
The regulators plan to drop the 3% limit on bank investments in venture capital funds; Visa invests in another fintech startup. ... Read full article
The bank was one of the first users of The Clearing House's RTP network. Andrew Haskell explains how faster payments are helping the bank and its clients. ... Read full article
The German challenger bank says it has quickly attracted Americans from every state and various demographic groups to its mobile banking app. ... Read full article
The financial wellness fintech focused initially on building an app that helped people understand their financial picture, CEO Jon Schlossberg says. ... Read full article
Users of the challenger bank's app can automatically save money over the course of a month to cover their mobile charges. ... Read full article
Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors. ... Read full article
Banks in the U.S. should take note of these requirements before opening their systems to third-party developers. ... Read full article
Adam Dell, founder of Clarity Money and now head of product at Marcus by Goldman Sachs, the design theory behind the new app. ... Read full article
Truist emphasizes high-touch, high-tech focus with new logo; Wells Fargo loses another patent lawsuit to USAA; what the Visa-Plaid merger means for banks, fintechs; and more from this week's most-read stories. ... Read full article
Visa's deal to acquire the data aggregator Plaid is likely to have ripple effects throughout the industry, including less fintech-tech tension over sharing data. ... Read full article
The acquisition will vastly expand Visa's platform, giving it nearly Amazon-like influence. ... Read full article
Bank beats estimates as earning soar 21%; a cyberattack on the American banking system could create havoc on financial stability. ... Read full article
Regulators are beginning to recognize the importance of using alternative data to provide credit for the underbanked. Now is the time to expand its use across the industry. ... Read full article
In the battle to control consumer data, Visa has made a major score by agreeing to acquire Plaid, a technology company that it could have seen grow into a competitor. ... Read full article
The purchase price is double the fintech's valuation in a 2018 funding round. ... Read full article
