News Topic: Fintech

Vault and Retiremap are launching products this week that are designed to help people stash cash where they can. ... Read full article

By making it easier and safer to share data with third parties, Wells Fargo's Brett Pitts says he is strengthening the bank's relationships with customers. ... Read full article

At CIBC, Aayaz Pira is quickly turning ideas into apps, including its new mortgage one, with the help of its recently formed innovation hub. ... Read full article

With such massive amounts of data bolstered by ubiquitous modes of distribution, the most meaningful fintech investment opportunities center around enabling a new truth equilibrium. ... Read full article

American Banker reporter Brian Eha shares stories and thoughts from his new book, "How Money Got Free: Bitcoin and the Fight for the Future of Finance," and two fintech leaders explain why Charlotte is destined to be the next big fintech hub. ... Read full article

First Federal Lakewood has teamed up with the largest banks in Ohio on a fintech accelerator and invested in Eastern Bank’s tech spinoff, with the goal of staying relevant. ... Read full article

KeyCorp is acquiring HelloWallet, a personal financial management product it has offered its bank customers since 2015, from the investment research firm Morningstar. ... Read full article

Today’s primitive question-and-answer programs will mature into sophisticated conversational agents, which will help customers transact and may even be capable of understanding emotional cues, experts say. ... Read full article

Europe is debating whether to ban screen scraping, a practice that fintechs count on as a last resort. Innovation is at stake. ... Read full article

Merlon Intelligence, a startup launching Wednesday, plans to offer banks AI software that will help them with their expensive compliance responsibilities. ... Read full article

Several firms are betting they will be able to help banks create platforms that allow customers to design their banking services. ... Read full article

Wells Fargo is expanding its fintech accelerator so it is better positioned to connect with customers through channels like the internet of things. ... Read full article

Some banks seek to dominate the digital-identity business, but they stand to benefit even if their efforts fall short. ... Read full article

Fintech still has a ways to go to change the financial world, but it already offers solutions to income insecurity that can be truly transformational right now. ... Read full article

Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are ... Read full article

Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer. ... Read full article

In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year. ... Read full article

Philadelphia Federal Reserve Bank President Patrick Harker sat down with American Banker to talk fintech, financial regulation and the economy. ... Read full article