In Forbes, Ron Shevlin discussed the new initiative from Mark Cuban and Jill Castilla, CEO of Citizens Bank of Edmond,...
The only online lender focused on veteran-owned businesses has found a recipe for success. Source
Digital bank Aspiration has created a new spend & save account which is similar to a high yield checking account;...
Banks of all sizes and core provider FIS have begun testing Amazon’s Alexa service to complete voice commands in banking; instead of customers logging into their banking app they would simply ask Alexa for a balance or to transfer funds; skills, as they are referred to, are constantly being refined as confusion over pronunciation still occur with the technology only being widely used in recent years; it is still early days for this type of technology to be used in a sophisticated way but the industry is showing that they are willing to test innovative ideas. Source.
A new study by JD Power shows that most people, even digital first millennial customers, prefer to open bank accounts...
Yesterday the House overwhelmingly passed a relief bill that, among other things, will provide a much needed top up of...
According to data from Dealogic, 2019 fintech funding has hit record highs; 87 deals totaling $116.6 billion have been completed...
American Banker takes a look at the new blockchain-based system for identity verification from Spring Labs; while 16 online lenders...
Bank of America Merrill Lynch has formed a partnership with quant hedge fund MANA Partners that will help the bank test algorithms to stay compliant with MiFID II in Europe; the testing environment allows for traders to see if algorithms are safe and how they affect other traders; the move is seen as part of a trend by banks to cut costs and get more efficient within their trading practices. Source.
Fintech startup Brex is in discussions to raise a fresh round of capital that will value the company at $2bn...