News Topic: Fintech

The bureau’s policy of “no-action letters,” which offer some regulatory cover to participants, has failed to attract much interest from financial startups, suggesting change is needed. ... Read full article

Triumph Bancorp has developed technology to help freight brokers make faster payments to truckers, charging a fee for the service. ... Read full article

Four of the startups are focused on business and consumer bill payments, and a fifth offers student loan repayment assistance as an employee perk. ... Read full article

U.S. Bank's $600 million fine for AML lapses quickly drew readers attention, while acting CFPB Director Mick Mulvaney got the Cordray treatment on Capitol Hill and big banks made moves to speed real-time payments. ... Read full article

The Financial Conduct Authority is seeking input on whether it should expand its fintech testing ground to include startups and regulators from around the world. ... Read full article

While small and regional banks are pushing for a rollback of the Dodd-Frank Act, big banks are largely supportive of the 2010 financial reform law, Bank of America CEO Brian Moynihan said Thursday. ... Read full article

U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge. ... Read full article

The investment continues a trend of banks focusing on commercial payments technology. ... Read full article

The online small-business lender is enjoying a payoff from its year-old push to cut costs and tighten underwriting standards. It is also set to announce another lending agreement with a major bank this year, its CEO said Tuesday. ... Read full article

Neptune Financial plans to use technology to improve the efficiency in making loans to companies with $10 million to $100 million in annual revenue. ... Read full article

In what could be seen as a mea culpa for CEO Jamie Dimon's disparagement of bitcoin five months ago, the Wall Street megabank has released a big and relatively bullish report on cryptocurrencies. ... Read full article

Fintech firms and industry watchers hope the pilot program will help fix a balkanized chartering system, but getting enough states on board to expand the plan's reach could be a challenge. ... Read full article

Quicken Loans, Citizens Bank and Better Mortgage are refinancing loans using Airbnb income as part of a pilot project with Fannie Mae. ... Read full article

For many newcomers to the U.S., establishing credit is a big challenge. A handful of entrepreneurs are developing tools to help verify their financial histories. ... Read full article

Cambridge Bancorp in Massachusetts is looking to prove to entrepreneurs that it is in the business for the long haul. ... Read full article

It’s not just hourly workers who struggle to make ends meet — many managers also often find themselves short on cash each month. To help employees cope, the retail chain is using a tool developed by the fintech Even to give them access to their wages ... Read full article

It’s not necessarily new, but a confluence of trends — advances in technology, changing consumer preferences and banks’ need to diversify their balance sheets — has made it more popular than ever. ... Read full article

Breaking Banks producer Rachel Morrissey visits the Mastercard Innovation Lab in Nairobi and reports on ideas under development there. ... Read full article