The Financial Stability Oversight Council first wanted to target individual nonbanks that are economically risky. Now it wants to target activities instead. Is that a good idea or a political ploy? ... Read full article
Departments across large institutions remain siloed, which leads to poor customer service. Fintechs are poised to take business from unhappy consumers unless banks address this problem. ... Read full article
The Atlanta company reported a first-quarter revenue increase of 22%, and it has established a more aggressive target for the full year. ... Read full article
In his first extensive interview since taking the job this year, Javier Rodriguez Soler talks about banking as a service, how to keep customers happy and where he sees AI and other tech innovations heading. ... Read full article
Aging tech systems have become a "pain point" in financial services, and VC firms have backed newcomers trying to push aside traditional vendors and win over banks and credit unions. ... Read full article
Changing demographics and cultural trends are making bank CEOs think beyond profitability and toward addressing what they stand for. ... Read full article
The head of the agency's innovation office said the program will be available only to OCC-regulated institutions. ... Read full article
The company, which has invested $3 million in fintech in recent years, said the value of the portfolio is nearing $14 million. ... Read full article
Built Technologies will use the money to invest in research and development while it builds out its client base. ... Read full article
Innovation is part of Emily Girsch's daily routine. That's why the chief financial officer at Lincoln Savings Bank in Cedar Falls, Iowa, spends a lot of time thinking about the need to modernize bank regulations for the digital age. ... Read full article
The investments that Rana Yared's team makes in startups help Goldman Sachs in two ways: Besides earning a profit, the company also uses a lot of the technology the startups develop as part of its internal digital transformation. ... Read full article
As part of the continuing rebuilding effort in Puerto Rico after Hurricane Maria, Banco Popular's nonprofit foundation has several startups working out of its main location in San Juan. For Camille Burckhart, it is part of a mission to help the island ... Read full article
Provenance Blockchain, recently spun off from Mike Cagney's Figure Technologies, says it can help lenders trim 70% of mortgage settlement expenses through speedier processing and paperwork reduction. ... Read full article
Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more. ... Read full article
Earnest hopes offering a streamlined process can help it thrive in a risky niche. ... Read full article
There are important considerations for financial institutions to bear in mind as they build relationships with the likes of Apple and Google. ... Read full article
At a fintech event hosted by the FDIC, the agency’s chief and the head of the OCC offered their views on a wide range of matters. ... Read full article
The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology. ... Read full article
The fintech company, which was forced to rebrand its cash management product last year after misleading marketing caused a backlash, is seeking a national bank charter. ... Read full article
Corporations now have more access to consumer financial information than ever before. The question is whether banks will be the ones to help firms harness this data. ... Read full article
