News Topic: Fintech

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers. ... Read full article

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks. ... Read full article

A new kind of institution wants to make the interest rate the Federal Reserve pays to its member institutions more widely available, but that could have big implications for monetary policy. ... Read full article

The bank helped raise $25 million for the fintech because of its potential to bring banks and nonbanks together in a virtual marketplace. ... Read full article

Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more. ... Read full article

A new kind of institution wants to make the interest rate the Federal Reserve pays to its member institutions more widely available, but that could have big implications for monetary policy. ... Read full article

Despite the growth of digital advice, there's resistance to the business inside banks because of internal politics and a lack of data sharing, the company's CEO says. ... Read full article

The company sees increasing consumer demand for cryptocurrency, especially in Asia, and gradual acceptance among financial institutions. ... Read full article

Banks have to be more resourceful with technology and less dependent on high interest rates. ... Read full article

NorthOne's U.S. launch joins other app providers hoping to attract entrepreneurs and freelancers with features such as real-time insights into cash flow. ... Read full article

Kristy Kim was an immigrant success story with a degree from Berkeley and a lucrative job — except her lack of credit history precluded her from getting a car loan. She started TomoCredit to help the many young folks who struggle to qualify for a credit ... Read full article

AvidXchange is expanding its outreach to lenders with its purchase of BankTEL, which currently does business with 20% of U.S. banks. ... Read full article

Traditional players are getting innovative, and upstarts are becoming more sophisticated. The survivors will be companies that offer consumers an array of easy-to-use services, a venture capitalist says. ... Read full article

Teslar Software, which supplies community banks with a platform to manage data from different internal systems, received $2 million from the Independent Community Bankers of America. ... Read full article

Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise. ... Read full article

As branches in remote areas disappear, banks run the risk of losing business to fintechs. ... Read full article

Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says. ... Read full article

Real-time transactions, reward points and early access to paychecks are among the features N26 is attempting to sell consumers here. ... Read full article