News Topic: Fintech

The data aggregator plans to help U.S. fintechs expand into the U.K. and vice versa. ... Read full article

While there’s been dramatic innovation in the banking sector in recent years, regulators and startups can better collaborate around these developments. ... Read full article

The bank dropped out of the bidding for the card over profitability fears; returning to the market could boost Barclays' investment bank. ... Read full article

Raisin is planning to create an online marketplace for high-yield savings accounts and CDs for the U.S., but persuading Americans to save could be a challenge. ... Read full article

Better analytical tools could help banks spot and address potential issues before a customer goes delinquent. ... Read full article

Jury's out on whether BB&T-SunTrust will serve the community or Wall Street; 'we were willing to shock historical norms,' says Otting on OCC's makeover; is it too late for Congress to stop CECL?; and more from this week's ... Read full article

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit. ... Read full article

The biggest deal in more than a decade has sparked debate about the pressure for more bank consolidation and whether consumers will be hurt. ... Read full article

The measures are likely to raise security costs for the German smartphone bank backed by billionaires Peter Thiel and Li Ka-shing. ... Read full article

While some of the biggest institutions are already rapidly developing new technologies, it’s important that community banks also tap the power of artificial intelligence and machine learning. ... Read full article

Raisin GmbH has hired Wealthfront’s Paul Knodel to expand its internet platform for bank-savings products to the U.S. If all goes to plan, the operation will go live within 12 months. ... Read full article

Banks would be better able to comply with anti-money-laundering laws if all 50 states collected information on the owners of new corporations and published it in a national database, Comptroller Joseph Otting said Monday. ... Read full article

Regions Financial said Thursday that it will not renew its contract with GreenSky — a move analysts say could prompt other banks to re-examine their lending arrangements with the fintech. ... Read full article

Presidential candidates aren't talking about banking now, but that's likely to change as the Democratic primary heats up. ... Read full article

The total includes donations to community groups helping low-income people, support for the development of financial coaching programs and investment in the creation and testing of fintech tools that can help underserved people. ... Read full article

The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills. ... Read full article

Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm. ... Read full article

Banks must remain accountable for their use of artificial intelligence by continuing to employ a level of human oversight. ... Read full article