Artificial intelligence is one of the hottest topics in fintech today; while we often hear of AI replacing humans, companies...
It seems like every week there is a new entrant into the US deposit taking space. Clearly there is an...
There is a lot of talk about all of the different ways blockchain technology can impact financial services; the Financial Times sat down with bankers, consultants, and analysts to come up with five areas where we are likely to see the most impact; categories include clearing and settlement, payments, trade finance, identity and syndicated loans. Source
Hot on the heels of Lending Club’s partnership with community banks, Prosper today announced a partnership program with Western Independent...
The new express branches are meant to help customers with routine transactions like withdrawals and deposits; customers looking for further advice or a loan would be able to connect via videoconference or go to a typical branch; they are looking to serve millennials in a more efficient way and allow them to access bankers and wealth managers through a digital experience using iPads; removing some of the human intensive areas of the bank and making it more self serve will cut down on costs and help to serve the younger, digital customers. Source.
The European Union’s General Data Protection Regulation (GDPR) is beginning to give community bankers in the US headaches; the law applies to all companies processing and holding data of people who reside in the EU; if a EU citizen visits your website you could be subject to the law; community banks are starting to enlist legal help to better understand how they can protect themselves from steep penalties. Source.
The fintech news this week was dominated by the demise of Silicon Valley Bank, a fast moving story that took less than 48 hours to unravel.
The President of Financial Services for Amdocs talks about the challenges of digital transformation at banks and the tools needed to be successful on this journey.
The LendIt team is excited to return to China for our second annual Lang Di Fintech conference on July 15...
The Fintech Junkie talks about his new white paper, The Copernican Revolution in Banking which discusses what banking will look...