News Topic: Partnerships
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FDIC's brokered deposits rule may hurt some middlemen
The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks. ... Read full article
The questions credit unions must ask when choosing technology vendors
Institutions considering new technologies must ask themselves what they're looking for not just from a product but from a partner. ... Read full article
Banks and fintechs need each other more than ever
The coronavirus pandemic has exposed weaknesses even at well-established fintechs. They could become more resilient by partnering with traditional financial institutions. ... Read full article
Crackdown on bank-fintech partnerships would hurt subprime borrowers
Some legislators and consumer groups want federal regulators to block such alliances. Here’s why that’s a bad idea. ... Read full article
There’s a ‘true lender’ fight brewing in California
The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter. ... Read full article
Banks should slow down to get blockchain right
Bank consortium R3 CEV, one of the most well-funded blockchain working groups, has endured criticism for its meticulous process. But if blockchains are most valuable with a network effect, maybe forgoing some agility is worth the long while. ... Read full article