Fintech

Libor is ending. We aren't ready

09/11/19

The most widely-referenced interest rate benchmark will cease to function after 2021, and the financial system is still coming to grips with that complicated reality.

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Throw your old data analytics out the window

09/11/19

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers.

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Challenger banks apply pressure with fee cuts

09/08/19

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks.

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What Citi sees in Even Financial

09/06/19

The bank helped raise $25 million for the fintech because of its potential to bring banks and nonbanks together in a virtual marketplace.

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'A complex and unworkable mess': Comments of the week

09/05/19

Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more.

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Who’s afraid of the 'narrow bank'?

09/04/19

A new kind of institution wants to make the interest rate the Federal Reserve pays to its member institutions more widely available, but that could have big implications for monetary policy.

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Who’s afraid of the 'narrow bank'?

09/04/19

A new kind of institution wants to make the interest rate the Federal Reserve pays to its member institutions more widely available, but that could have big implications for monetary policy.

[more]

Cryptocurrency AML software vendor Elliptic gets $23 million in funding

09/04/19

The company sees increasing consumer demand for cryptocurrency, especially in Asia, and gradual acceptance among financial institutions.

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Fintech aims to resolve bank infighting over robo assets

09/04/19

Despite the growth of digital advice, there's resistance to the business inside banks because of internal politics and a lack of data sharing, the company's CEO says.

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Traditional banks continue to flirt with obsolescence

09/04/19

Banks have to be more resourceful with technology and less dependent on high interest rates.

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