Synapse is working to refine its application programming interfaces to meet know-your-customer and other complex requirements, but it's a tall order, the head of the back-office-services platform says. ... Read full article
The CEO of the digital-only bank Chime says it has quadrupled its membership in a year. So why doesn't his counterpart at Varo believe him? ... Read full article
Monzo has been adding roughly 200,000 users a month in the U.K., and is hoping to replicate that success as it launches in the U.S. ... Read full article
Stress tests have come a long way since first unveiled to shore up confidence in banks. But some critics fear that proposals to make the system more efficient would compromise its safety. ... Read full article
Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers. ... Read full article
In a study of 27 global markets, the U.S. ranked near the bottom for consumer use of fintech, raising questions about why Americans appear reluctant to dive in. ... Read full article
The investment firm is launching a company called Akoya that it says will help ease the technical aspects of data sharing, as well as disputes and liability issues, for banks, fintechs and data aggregators. ... Read full article
The ride-sharing heavyweights Uber and Grab built their markets by making payments seamless, and their expansion plans are similarly hooked into improving payments and other financial services. ... Read full article
Alkami Technology said it would use its latest round of $55 million in funding to expand the white-label services it currently offers small banks and credit unions. ... Read full article
A trio of big deals in the payments and financial service provider area and continued bank and venture capital interest in fintech investments are creating expectations for a banner year. ... Read full article
The digital bank is a whole new line of business for Goldman, meaning there's no risk that it is cannibalizing from the main institution, said Omer Ismail, the head of the bank's U.S. consumer business. ... Read full article
Paramount Financial Technologies says its software can help banks answer key questions about their branch networks, including when it makes sense to expand them. ... Read full article
The bank launched Finn in an effort to attract millennials. But there were problems with how it implemented the digital-only brand, experts said. ... Read full article
Boston-based Trio is openly offering its cash management account as capital at risk, offering big incentives if consumers agree to sign up for an uninsured account. ... Read full article
The U.S. still relies on antiquated payment processing technologies while other countries can process in real-time. What's the holdup? ... Read full article
On-demand wage delivery has caught on in other industries. Banks have taken notice. ... Read full article
Regional and small banks are striking digital partnerships and launching new savings offerings as they attempt to steal away business from bigger institutions. ... Read full article
The San Diego parent of Ascent Student Lending said Tuesday that it will buy Skills Fund, an Austin, Texas, startup that specializes in lending to students at computer-coding boot camps. ... Read full article
Subhankar Sinha, the bank’s new head of blockchain, says its partnership with Bakkt is part of a larger effort to figure out what it would look like to be a custodian for digital assets. ... Read full article
Community and regional institutions' survival could hinge on their ability to access large troves of data. ... Read full article
