The sixth largest bank in the U.S. is out with a new marketing campaign designed at helping customers weather the...
Truist Financial was formed back in December when BB&T and SunTrust Banks joined forces to form one of the nation’s...
The Trump administration has announced a White House innovation office that will focus on modernizing technology of federal government departments; his son-in-law, Jared Kushner, will oversee the innovation office; private sector technology executive advisors to the innovation office include Tim Cook from Apple and Bill Gates from Microsoft. Source
President Trump is set to sign two executive actions on Friday that take aim at reversing the new financial regulations that were put in place as a result of the 2008 financial crisis; the executive actions will give the labor secretary power to rescind the fiduciary rule and ask the Treasury secretary and regulators to come up with a plan to replace Dodd-Frank; the fiduciary rule was set to go into effect in April and was meant to ensure advisors had their client's best interests at heart; Dodd-Frank was passed in 2010 and began implementation in 2012; the law was meant to limit the chance of another financial crisis like we saw in 2008; uncertainty exists with what will end up happening, but signals show that the fiduciary rule will be struck down and Dodd-Frank will be replaced. Source
In their weekly update PeerIQ covers the Trump tax plan, the recent Transunion consumer lending report and marketplace lending securitization news; the Transunion report shows that fintech companies have originated 30 percent of unsecured consumer loans in 2016; Darien Rowayton Bank and SoFi filed securitization deals; PeerIQ also took a closer look at SoFi’s SCLP 2017-6 deal which was the largest on SoFi’s shelf so far. Source.
Sweden based payments fintech Trustly has raised a fresh round of capital led by BlackRock which puts the value of...
Banks have long been hurt by their ability to effectively communicate with their customers and the current crisis has only...
The proposed crypto ad ban on Twitter would block ads related to cryptocurrency wallets, exchanges and ICOs; Twitter would be following Google and Facebook who have already instituted blocks on these ads; the ban would come sometime in the next few weeks and would include exceptions; the bans have been seen as proactive steps to root out scams. Source.
Realty Shares Advisors and Amplify Trust ETF both launched blockchain ETFs yesterday; both focus on blockchain based companies and invest in companies with a market cap over $200 million; CoinDesk shares more details about the ETFs. Source
Head of Technology for Citigroup’s global consumer bank, Gavin Michael, spoke at an industry event about the two driving themes...