Innovation

‘There will be hundreds of fintech failures’

07/06/20

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

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FDIC to hold competition to modernize call reports

06/30/20

The so-called tech sprint involving 20 companies from across the country is intended to help improve the efficiency of banks' quarterly data submissions to the regulators.

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California governor to fintechs: Forget Utah. Be an ILC here.

02/07/20

Gavin Newsom's proposal to create a consumer watchdog modeled after the CFPB includes a provision that would make it easier for upstart financial firms to obtain industrial loan charters.

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5 policy hurdles thwarting federal regulators’ fintech ambitions

01/27/20

An outside paper identifies the statutes, regulations and other bureaucratic realities complicating the banking agencies’ efforts to oversee and benefit from rapidly changing technology.

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Wells Fargo's Modjtabai to exit as Scharf shapes leadership

11/21/19

Avid Modjtabai, who runs Wells Fargo's payments and technology innovation unit, is leaving the firm as new Chief Executive Officer Charlie Scharf continues to shake up top management.

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Regulators need new approach to innovation

10/04/19

FDIC Chairman Jelena McWilliams reaches out to tech pros to bring fresh ideas to the agency.

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Regulators can be the glue in bank-fintech partnerships: FDIC chief

10/01/19

Jelena McWilliams told community bankers that policymakers should be a resource for banks trying to adopt new technology.

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JPMorgan donates $25M to get fintech in hands of underbanked

09/24/19

It is the bank’s second big gift to the nonprofit Financial Health Network in recent years, with this one earmarked for a financial solutions lab.

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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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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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