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FintechUSA
·Jul. 1, 2020

Digital Dollar Advocates Testify Before Senate Committee

The Senate Banking, Housing and Urban Affairs Committee held a virtual hearing yesterday on the digitization of money and payments;...
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FintechUSA
·Jul. 1, 2020

Startups Looking to Solve Racial Inequality in Banking

According to data from the FDIC as recently as 2017 about 17 percent of Black households and 14 percent of...
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FintechUSA
·Jul. 1, 2020

Netflix Shifting $100mn to Lenders that Serve the Black Community

The online streaming giant says they will shift 2 percent of cash on hand or $100mn to banks that serve...
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FintechUSA
·Jul. 1, 2020

Chime Launches Credit Builder, a Credit Card That Acts Like a Debit Card

Leading digital bank Chime has launched an innovative new credit card called Credit Builder; surveys have shown that most millennials...
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EuropeFintechUSA
·Jul. 2, 2020

More News for July 2, 2020

Podcast: A glimpse at the role of the bank branch after the pandemic Several banks disclose plans to permanently close...
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FintechUSA
·Jul. 2, 2020

Banks Can Find Huge Opportunity in SMB Accounting & Payments

The Paycheck Protection Program resurfaced the accounting and payments difficulties that many small businesses have and a potentially huge opportunity...
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EuropeFintechUSA
·Jul. 2, 2020

AI Becoming Core Component of Financial Services

According to a 2019 study by Forrester about half of financial services and insurance firms around the world are already...
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FintechUSA
·Jul. 2, 2020

New Challenger Bank Point Has Closed a $10.5 Million Series A

Fintech banking app Point (not be to be confused with the real estate fintech) has announced its first major round...
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FintechUSA
·Jul. 2, 2020

Identity Fraud is Soaring and How One Lender is Attacking the Problem

Penny Crosman writes in American Banker about the rise in identity fraud in the past year; citing a Javelin Strategy...
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FintechUSA
·Jul. 2, 2020

Loan Outlook for Banks is Shaky After PPP Ends

Total loans at banks fell by 1.5 percent during the first half of June, according to data compiled by the...
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