Fintech

The backstory of Goldman Sachs' Marcus app, three years in the making

01/19/20

Adam Dell, founder of Clarity Money and now head of product at Marcus by Goldman Sachs, the design theory behind the new app.

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Truist's logo, Wells vs. USAA redux, Visa's Plaid pickup: Top stories of the week

01/17/20

Truist emphasizes high-touch, high-tech focus with new logo; Wells Fargo loses another patent lawsuit to USAA; what the Visa-Plaid merger means for banks, fintechs; and more from this week's most-read stories.

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What the Visa-Plaid merger means for banks, fintechs

01/16/20

Visa's deal to acquire the data aggregator Plaid is likely to have ripple effects throughout the industry, including less fintech-tech tension over sharing data.

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Visa’s Plaid deal shows you can teach an old dog new tricks

01/16/20

The acquisition will vastly expand Visa's platform, giving it nearly Amazon-like influence.

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Alternative data is not the enemy of underwriting

01/14/20

Regulators are beginning to recognize the importance of using alternative data to provide credit for the underbanked. Now is the time to expand its use across the industry.

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JPM’s boffo earnings; N.Y. Fed says cyberattack could be ‘devastating’

01/14/20

Bank beats estimates as earning soar 21%; a cyberattack on the American banking system could create havoc on financial stability.

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Visa's $5 billion Plaid deal takes a possible rival off the table

01/13/20

In the battle to control consumer data, Visa has made a major score by agreeing to acquire Plaid, a technology company that it could have seen grow into a competitor.

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Visa to buy plaid for $5.3 billion in bid to reach startups

01/13/20

The purchase price is double the fintech's valuation in a 2018 funding round.

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Open banking’s three biggest pitfalls

01/13/20

Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks.

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Banking 2025, more Wells Fargo woe, compliance turnover: Top stories of the week

01/10/20

Potential sources of industry upheaval, and how to adapt; former Wells Fargo execs may face criminal charges in coming weeks; why banks have such high turnover of chief compliance officers; and more from this week's most-read stories.

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