The temptation for banks these days is to digitize as much as possible, but that generally results in spending a lot and doing nothing really well. Picking one of these three business models can help banks choose technology best suited to add value and ... Read full article
JPMorgan Chase has partnered with the fintech firm Roostify to build a digital self-service mortgage platform. ... Read full article
At a time of dangerous political division, the plan to grant federal charters to financial technology firms can address policy goals favored by both parties. ... Read full article
OpenFin, a devotee to open source software, has raised $15 million in Series B funding to fuel staff expansion, business development and new products. ... Read full article
Opus Bank has hired Scarlett Sieber, the former senior vice president in global business development at BBVA, to be its chief information officer. ... Read full article
For a corporation, throwing out new propositions in the dark is a very expensive way to innovate. ... Read full article
The San Francisco-based online lender will soon begin selling refinanced student loans through Promontory’s member network. ... Read full article
By partnering with matchmaking platform Opportunity Network, Citizens will be able to better connect corporate clients to deals worldwide. ... Read full article
Easing regs without mulling the consequences could hurt the financial system, but a fintech charter and other careful reforms could promote innovation, Patrick Harker said. ... Read full article
Hong Kong and Singapore have long been economic crossroads. China and India are economies with vast populations. And Shenzhen is bursting with innovative creativity. All of these contribute to the Asian fintech market being far ahead in adoption and ... Read full article
Nyca is one of the most active venture capital firms in fintech globally and its second fund should give it plenty of dry powder to pursue further deals. ... Read full article
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article
Big banks increasingly are developing application programming interfaces to make their customers’ data available to third parties. But discrete deals between banks and third parties would be a bad outcome for consumers and the industry as a whole. ... Read full article
The plan to offer special-purpose national charters to fintech companies is a one-size-fits-all approach that could prove detrimental to the growth of startups. ... Read full article
If the new White House engages in the same process of listening to and researching the fintech industry that President Obama initiated eight years ago, startups should just take a pass. ... Read full article
The head of the New York Department of Financial Services did not mince words Wednesday in criticizing a proposed federal fintech charter. ... Read full article
HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues. ... Read full article
Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry. ... Read full article
FIS is forming a network for the inaugural class of its VC Fintech Accelerator program. ... Read full article
Critics say the Office of the Comptroller of the Currency is moving too far and too fast in its effort to offer a fintech charter, overlooking skepticism that it lacks sufficient legal authority. ... Read full article
