Banks facing data crisis may need political help, Denmark warns Bloomberg News December 9, 2019 Bloomberg, Compliance & Regulation, Open Banking, Product Design, Retail Banking, Security & Risk First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks...
Weekly Wrap: Canadian fintech gets funding injection, as BMO tackles gender identity Bank Innovation Editors December 6, 2019 Capital & Funding, Compliance & Regulation, Corporate Banking, Customer Experience, Premium, Retail Banking, Security & Risk, Startups, Video Welcome to the latest episode of our weekly wrap video series, for the week ending Friday,...
Plaid, Kabbage: Clearing House Model Agreement creates ‘uneven playing field’ John Pitts & Sam Taussig December 6, 2019 Compliance & Regulation, Innovation Strategy, Lending, Open Banking, Payments, Product Design, Retail Banking, Wealth Management The Clearing House (TCH) showed encouraging progress for the digital financial ecosystem last month when they...
CFPB, Federal Reserve Board: AI bias can’t be ignored Angely Mercado November 21, 2019 Artificial Intelligence, Compliance & Regulation, Corporate Banking, Innovation Strategy, Lending Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders’ moves...
Porn site says PayPal ban will hurt more than 100,000 performers Bloomberg News November 15, 2019 Bloomberg, Compliance & Regulation, Customer Experience, Payments, Sales & Marketing PayPal Inc. is blocking transactions at Pornhub, a move the adult-video site says will halt payments...
RTP network transactions growing 25% every month: The Clearing House Angely Mercado November 15, 2019 Compliance & Regulation, Innovation Strategy, Payments, Premium The Clearing House reports that its real-time payments (RTP) network is growing more quickly than anticipated....
Despite court lumps, OCC planning extended legal battle over fintech charters Angely Mercado November 12, 2019 Compliance & Regulation, Corporate Banking, Innovation Strategy, Premium Despite a recent legal challenge, the Office of the Comptroller of the Currency is continuing to...
Viral tweet about Apple Card leads to Goldman Sachs probe Bloomberg News November 11, 2019 Bloomberg, Compliance & Regulation, Payments, Product Design, Retail Banking A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s credit card practices...
INV Fintech’s pivot to bank enablement evident in new accelerator class JJ Hornblass November 4, 2019 Artificial Intelligence, Blockchain, Capital & Funding, Compliance & Regulation, Corporate Banking, INV Fintech, Investing, Lending, Open Banking, Payments, Retail Banking, Sales & Marketing, Security & Risk, Startups, Wealth Management INV Fintech’s new class, announced today, solidifies the accelerator’s pivot to greater bank enablement. INV has...
Varo crosses 1 million customers, with plans to become a bank by 2020 Suman Bhattacharyya October 29, 2019 Compliance & Regulation, Innovation Strategy, Product Design, Retail Banking, Sales & Marketing, Startups Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become...