News Topic: Fintech

What the Democrats' House takeover means for banks; Synchrony has a lot to lose in fight with Walmart; should industry fear Waters-led banking panel?; and more from this week's most-read stories. ... Read full article

Readers sound off on the 2018 midterm election results, OCC's Otting defending his agency's right to charter fintechs, and predictions the plastic credit card is nearly dead. ... Read full article

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks rally and fend off the insurgents? ... Read full article

The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators. ... Read full article

One of the world's biggest banks wants to boost profits by cutting out voice brokers acting as middlemen in the largest derivatives market. ... Read full article

The consortium is starting out with a dozen banks and could have 50 within a year. ... Read full article

Tech innovation isn't just about creating more bells and whistles. It can also help deepen client bonds. ... Read full article

The payments and financial services industry has enjoyed an unprecedented wave of invention, but the fruits of that labor are threatened by an ideologically driven political climate that complicates the evolution of global interoperable mobile-driven ... Read full article

Credit Karma has agreed to buy a credit reporting company that TransUnion initially sought to develop as the fintech's British equivalent. ... Read full article

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread. ... Read full article

Community banks are getting more creative to draw in younger people to fill job openings. ... Read full article

Instead of focusing on testing grounds for fintech startups, regulators should develop initiatives to improve their own oversight and compliance technologies. ... Read full article

The advocacy group argues that major core processors are not helping small banks keep pace with customers' technology demands. ... Read full article

Harvest is when farmers need funding the most. ProducePay has financed over $850 million of produce in under four years, disrupting traditional finance rules in the farm-to-table process. ... Read full article

The next downturn will come sooner rather than later, so bankers should press policymakers for several core improvements to the financial system before attitudes in Washington change. ... Read full article

Azlo, Bento, Bank Novo and other neobanks argue they are better at helping small businesses, giving them extra attention, technology and advice. ... Read full article

Traditional financial institutions still have an advantage over challenger banks when it comes to building relationships with small merchants, despite scandals that have befallen megabanks. ... Read full article

SigFig is partnering with Citizens Bank to launch an advice platform in its effort to become a direct competitor to legacy core systems providers. ... Read full article