News Topic: Fintech

Deposit Solutions says lenders can use its platform to acquire customers at little expense. ... Read full article

The bank sees digital assets as part of the future and "we want to be there when this happens," says Ralph Achkar, head of digital product development and innovation. ... Read full article

Banks and public advocacy groups agree that the Community Reinvestment Act needs to change. But is the latest proposal moving in the right direction? ... Read full article

The bank announced a $750 billion plan to “focus on climate transition and inclusive growth”; the seven biggest banks have passed three years in a row. ... Read full article

Easy credit has given way to cautiousness, with financial technology upstarts now seeking households with higher incomes, above-average credit scores and less debt relative to their wages. ... Read full article

The startup with a namesake app is already attracting young investors and has been in talks with banks about partnerships. ... Read full article

Fintechs want access to customers’ financial data, but banks are resisting, on security concerns; Deutsche Bank may cut bonus pool 20% after 14% drop last year. ... Read full article

The SoFi co-founder said Figure Technologies is working with national banks to employ its distributed ledger tech for loan originations. ... Read full article

The United States could be the point-of-sale lender's largest market within two years, its CEO says. The firm's investors include BlackRock, Sequoia Capital and the rapper Snoop Dogg. ... Read full article

More digital competition, tougher tech choices and a completely new generation of customers are just some of the challenges facing bankers in the near future. ... Read full article

Casting aside recession fears, the credit bureau predicts credit cards, mortgages, auto loans and unsecured personal loans should all perform well — including those extended by online lenders. ... Read full article

Testing shows an overreliance on machine learning data can unfairly harm credit scores. ... Read full article

Radius Bank is letting consumers open accounts through NerdWallet as part of its banking-as-a-service offerings to reach customers through third parties. ... Read full article

Todd Gibbons, who succeeded Charlie Scharf in September, said tech investments give the custody bank a competitive edge and make it more efficient. ... Read full article

It sounds like something that should be simple — letting a customer pay off their credit cards with a new personal loan — but it's not, according to Dave Girouard, Upstart's CEO. ... Read full article

JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets. ... Read full article

Banks are increasingly sharing data and must brace for new regulations protecting that data. ... Read full article

The startup Rho argues that small firms still have unmet needs, especially tracking cash flow in real time. ... Read full article