Fintech

Freddie Mac launches mortgage data app for lenders

09/18/19

The mortgage industry has put more emphasis on organizing data in a digital manner and presenting it in an easily digestible format.

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Challenger banks insist they’re equal to the task of lending

09/18/19

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

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Where banking-fintech partnerships fall short

09/18/19

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

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Subprime card lender introduces ex-Barclays exec as CEO

09/16/19

Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.

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Why fintech rollouts are magnets for fraud

09/16/19

Hackers go in for the kill when challenger banks and others launch retail products. So the companies are forced to step up their defenses — fast.

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MVB Financial buys fintech consulting firm

09/16/19

The West Virginia company, which invests heavily in fintech firms, bought Chartwell Compliance in Maryland.

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OCC can't claim victory despite dismissal of fintech charter suit

09/16/19

A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply.

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SoFi makes big bet on the NFL with L.A. naming rights deal

09/15/19

The online lender's name will go on a glitzy new stadium in Inglewood, Calif., that is scheduled to open next year. The big question is whether the 20-year deal will contribute to profitability, which SoFi has yet to achieve on a consistent basis.

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PNC’s indie incubator surfaces with two projects

09/13/19

The bank's innovation arm is developing a mobile-only account for gig-economy workers, and a real estate service to help companies analyze the long-term viability of properties.

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'The assault here is on due process': Comments of the Week

09/12/19

Readers react to the Trump administration's release of a housing finance reform plan, a proposal by HUD to redefine "disparate impact," and challenger bank claims they can end bank fees for good.

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