News Topic: Fintech

During a sit-down interview, Bruce Van Saun, the CEO at Citizens Financial, explained how Washington policy changes could boost lending, why cyber threats keep him up nights and how fintechs and AI are changing the industry for the better. ... Read full article

The CFTC's greenlighting of bitcoin futures could open the floodgates for Wall Street, and digital-asset diehards see a plot to take control. ... Read full article

The nomination of Jelena McWilliams to chair the Federal Deposit Insurance Corp. moves the Trump administration one step closer to completing its team of regulatory appointments in its push to undo former President Obama's post-crisis policies. ... Read full article

Readers react to the CFPB director shake-up, applaud honorees of American Banker’s annual banker awards and weigh in on the heated financial data debate. ... Read full article

Richard Cordray won’t be around anymore to keep an eye on the fintech sector. The question now is: Who will? ... Read full article

Beth Mooney disarms “a ticking time bomb.” The former head of the Small Business Administration wants to buy Harvey Weinstein’s company. Plus, the CFPB showdown, an effective way to combat sexual harassment, and laundry tips from Anne Wojcicki. ... Read full article

Partnerships with financial technology companies could be effective in helping banks meet small-dollar credit demand, but those partnerships face a legal cloud. Thankfully Congress is considering adding needed clarity. ... Read full article

Jayne Opperman is the third new tech hire the bank has made this month. ... Read full article

Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do. ... Read full article

The most important policy question facing banking, brokers and insurance companies is putting a framework in place that very quickly defines data ownership rights across the financial value chain. ... Read full article

Borrowing from the startup world and some popular TV shows, Citigroup is encouraging employees to pitch innovative ideas to a panel of senior execs who could give them the green light to start work. ... Read full article

Tech startups differ from a bank’s typical commercial clients; many want a trusted financial adviser. ... Read full article

Fed researchers purported to show that consumers who use peer-to-peer loans have bad financial outcomes, but questions quickly emerged about the data they used. ... Read full article

The startup is betting that a venture offering safe storage of digital assets will entice billions from banks and other institutional investors. ... Read full article

The startup Intrinio lets algorithmic traders and banks pick the types of company and market data they want to use rather than pay a large monthly fee for a broad, terminal-based service. ... Read full article

Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying ... Read full article

Evidence that the credit characteristics of online installment borrowers at the time of repayment are consistently worse than at the time of borrowing should be a sobering thought for lenders that have not been fully tested in a credit downturn. ... Read full article

Following in the footsteps of Chase, Wells Fargo and others, Fidelity is launching an application programming interface to let third-party apps access customer data — as long as the customers grant permission. ... Read full article