News Topic: Fintech

The social media giant says its cryptocurrency project can bring services to the world's unbanked. Lawmakers and regulators aren’t so sure. ... Read full article

Maria Vullo served for three years as New York's top banking regulator. ... Read full article

The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision to not hire Andrea Orcel if he sues. ... Read full article

Policymakers should consider how new data computing can help ensure equal lending, not hinder it. ... Read full article

Kindur and Finhabits are trying to create retirement plans for people who lack them. Are banks missing an opportunity? ... Read full article

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system. ... Read full article

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps. ... Read full article

The challenger bank startup will use the new cash to double its U.S. headcount. ... Read full article

America's farms have taken on near-record levels of debt in recent years, and commodity prices and trade wars are putting pressure on farm country. That could spell bad news for bankers that lend to them. ... Read full article

Banks can fine-tune their apps so the customer doesn't give up halfway through a cumbersome sign-up process. ... Read full article

The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter. ... Read full article

Raisin, an online marketplace that aggregates high-yield savings accounts in Europe, aims to launch in the U.S. in the next nine to 12 months. ... Read full article

Many oppose a metric-based approach, but there are ways it could actually work. ... Read full article

The neobank, which has 3.5 million European customers, is starting with fee-free checking, a debit card and real-time transactions. It's part of a wave of competition arriving from overseas. ... Read full article

Beginning next year, banks will have to dramatically change the way they account for future credit losses, but experts disagree on the new rule's long-term impact. ... Read full article

The company has created GoFundMe-like pages for users to petition friends and family to help them pay the charges assessed by banks. ... Read full article

The bank will reduce its footprint to its German roots; U.S. banks are offering cash bonuses to keep customers from fleeing to higher-yielding accounts. ... Read full article

The president says he’ll nominate Judy Shelton, Christopher Waller for Fed; the bank reportedly in talks to sell parts of its “once prized” equities business. ... Read full article