Penny Crosman writes in American Banker about the rise in identity fraud in the past year; citing a Javelin Strategy...
Happy State Bank in Texas started using digital tools in a bigger way starting in October when they partnered with...
The new account is aimed at consumers who may not otherwise have a traditional banking relationship; the account still comes...
The continued push by Amazon into financial services could have a bigger effect on startups over banks; Nicolas Parmaksizian, global head of Capco digital, tells TearSheet, “If you combine an Amazon with a Capital One, you’re combining the amazing power of Amazon and Capital One’s data analytics, and that’s a challenging thing to compete with as a startup banking brand.”; digital only banks look to offer a better experience at a lower cost than the traditional banks, adding Amazon into the mix could drown out those startups before they ever get going. Source.
Digital only bank Chime was one of the first firms to offer customers a chance to advance part of their...
Argon Credit has converted its chapter 11 bankruptcy filing to a chapter 7 filing; a judge has ordered Argon Credit to transfer all proceeds and portfolio payments to its largest creditor Fund Recovery Services; the approved claim in the case is $37.3 million and Fund Recovery Services is expected to be fully paid. Source
Monzo now had 4 million customers in the UK which equates to just over 1 in every 16 people in...
Technology investments at big banks like Goldman Sachs will take time to pay off; CEO David Solomon speaking at the...
At an event held by the CFPB banks, fintechs, regulators and consumer advocates discussed the data sharing experience; screen scraping...
Facebook has re-released plans for Libra which are scaled back from their original vision after getting significant pushback from global...