The suicide of a 20 year old who was using the popular trading app Robinhood has set off alarm bells...
Innovate Finance's CEO Lawrence Wintermeyer has left the association to pursue other opportunities; Wintermeyer served as CEO for two and a half years and helped the association increase its membership to 250 members; Charlotte Crosswell, former CEO of Nasdaq NLX, has been appointed as the association's interim CEO while it searches for a successor. Source
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The lawsuit against Navy Federal has financial institutions revisiting their fair lending practices and considering how AI fits in.
American Banker reports on the increasing number of financial services companies and groups using the federal court system to oppose regulatory enforcement orders and new initiatives; the Conference of State Bank Supervisors is the most recent case as the group seeks to debate the OCC's fintech charter; the CFPB has also been a notable defendant with opposition from Ocwen Financial and PHH Corp.; other cases have included MetLife and the American Bankers Association; according to H. Rodgin Cohen, chairman of Sullivan & Cromwell, "There's an increased willingness to litigate," and it seems the trend is likely to continue with industry changes resulting in new challenges and consequences. Source
Speaking on a panel at SoFi’s San Francisco offices designers from leading fintech companies talked about how they increase engagement...
OakNorth, a successful new challenger bank in the UK, is calling on the UK Treasury to use Brexit as an...
Wealth management has always been an industry focused on relationships and face to face interactions with clients; that traditional model...
The Colombian startup offers loyalty programs and with them provides data for companies. It will seek to reach 3 million Mexican users by the end of the year.
Despite the risks commonly cited by market participants, trading desks can leverage sensitive information to their advantage while complying with regulations and protecting that data.
Nbkc is based in Kansas City and is one of the first community banks to create their own fintech accelerator;...