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...
ATM manufacturer Diebold Nixdorf adds branch-like capabilities Jake Martin June 25, 2019 Premium, Product Design, Retail Banking Against the tide of dropping ATM numbers globally as customer use cash less often, Diebold Nixdorf...
JPMorgan to Up Tech Spending as Higher Rates Boost Revenue Bloomberg News February 26, 2019 Bloomberg, Capital & Funding, Corporate Banking, Exclusive, Lending, Retail Banking, Wealth Management JPMorgan Chase & Co. said it expects to spend much of the windfall from higher interest...
Card Use Grows Fast as Check Payments, ATM Withdrawals Continue Decline Jake Martin December 24, 2018 Payments, Premium The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as...
The Clearing House Does Not See the Need for the Fed to Create a Realtime Payment Rail Tatjana Kulkarni December 17, 2018 Compliance & Regulation, Corporate Banking, Exclusive, Open Banking, Payments, Premium, Retail Banking The Clearing House’s “tremendous effort” to bring realtime payments (RTP) to the entire U.S. banking industry...
Bank of America SMB Loan Origination Up 6% Despite Crowded Lending Scene Jake Martin December 4, 2018 Exclusive, Lending, Premium, Security & Risk Even with more nontraditional players making more loans to small businesses, loan origination at Bank of...
Can Fintech Pave a Way for Financial Inclusion? Jake Martin October 22, 2018 Exclusive, Lending, Payments, Premium, Startups, Uncategorized Federal Reserve Governor Lael Brainard addressed barriers to financial inclusion at a conference hosted by the...
Fed Study: Noncash Payments Fraud Outpacing Growth Overall Jake Martin October 19, 2018 Exclusive, Payments, Premium, Security & Risk Noncash payments fraud in the U.S. outpaced growth in noncash payments overall between 2012 and 2015,...
The Fed Will Not Develop a Digital Currency, But Remains Interested In Blockchain Grace Noto November 30, 2017 Blockchain, Exclusive The underlying technology that powers digital currency remains more interesting to the Federal Reserve than the...
Dwolla CEO: Faster Payments Offer ‘Substantial New Market Opportunities’ Philip Ryan May 10, 2016 Blockchain, Compliance & Regulation, Corporate Banking, Payments, Startups It looks like this faster payments thing is going to happen after all. When the Federal...