Fintech

A virtual assistant for lenders' employees

08/21/19

Capacity, formerly Jane.ai, originally designed its chatbot to answer consumers' questions, but when employees started using it, that gave the startup an idea for a new business line.

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A-Rod, J. Lo invest in fintech; Inverted yield curve hurts regionals

08/20/19

The power couple wants to help turn Acorns Grow from a niche app into a megabank; with many floating-rate loans, regionals’ profits drop as yields slip.

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A call to fintechs to help stave off a retirement crisis

08/19/19

A range of startups are experimenting with more ethical retirement savings products than traditional reverse mortgages and annuities, says venture capitalist Ben Cukier. However, according to Cukier, they're too focused millennials and ignoring a group with more urgent needs and greater wealth — baby boomers.

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Was Capital One unprepared? N.Y. AG subpoenas Sacklers’ banks

08/16/19

Employees saw the bank’s cybersecurity unit's shortcomings; the state seeking records related to hidden profits from the family's opioid business.

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HSBC USA launches digital lending platform, admits to playing catch-up

08/14/19

The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans.

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Challenger banks rake in venture capital bucks

08/13/19

Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.

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Card issuers’ new focus on installment lending misses the point

08/09/19

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

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'The whole situation is frustrating': Comments of the week

08/08/19

Readers react to the Fed's lengthy plan for a real-time payments system and Fifth Third's minimum wage increase, jab at Sen. Warren's absence on the Senate Banking Committee and more.

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Bringing fintech to farmers

08/08/19

Growers Edge is adapting retail financial technology to compete with traditional banks in ag lending and crop insurance.

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Done right, regulatory sandboxes can promote competition

08/08/19

Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage.

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