News Topic: Fintech

The power couple wants to help turn Acorns Grow from a niche app into a megabank; with many floating-rate loans, regionals’ profits drop as yields slip. ... Read full article

A range of startups are experimenting with more ethical retirement savings products than traditional reverse mortgages and annuities, says venture capitalist Ben Cukier. However, according to Cukier, they're too focused millennials and ignoring a ... Read full article

Employees saw the bank’s cybersecurity unit's shortcomings; the state seeking records related to hidden profits from the family's opioid business. ... Read full article

The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans. ... Read full article

Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year. ... Read full article

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options. ... Read full article

Readers react to the Fed's lengthy plan for a real-time payments system and Fifth Third's minimum wage increase, jab at Sen. Warren's absence on the Senate Banking Committee and more. ... Read full article

Growers Edge is adapting retail financial technology to compete with traditional banks in ag lending and crop insurance. ... Read full article

Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage. ... Read full article

New York and 10 other states are looking into whether companies in the fast-growing sector are violating payday lending laws. ... Read full article

FinApps has filed a lawsuit that claims the data aggregator swiped its proprietary credit risk software while the two did business together. ... Read full article

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States. ... Read full article

A fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity. ... Read full article

The Pittsburgh bank is using software initially developed by a fellow mutual to help build out its platform. ... Read full article

Community banks shouldn’t wait for the Fed to create a new real-time payments rail when consumers are already flocking to other options. ... Read full article

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership. ... Read full article

The former state banking superintendent weighs in on some of the toughest questions bank regulators are grappling with and the lawsuit (still ongoing) that she filed against the OCC. ... Read full article

During a slow summer, a handful of banks managed to hire away multiple executives from competitors and introduce new leadership. ... Read full article