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[ad_1] The partnership between Citigroup and Numerated will help automate transferring important financial data from borrowers to the bank’s own systems. The transition should make the...
[ad_1] Small-business formation is booming. So are opportunities for fintechs targeting financial institutions that bank these entities to break into the business verification space. Know-your-business, or...
[ad_1] Richard Rotondo, vice president and digital bank manager for American Commerce, who lead the development of Monesty. “A lot of institutions either need to do...
[ad_1] Combining the August 2023 launch of Statewide Federal Credit Union’s new savings account with aggressive marketing efforts proved fruitful for the credit union, pulling in...
[ad_1] According to the Pew Research Center, 13% of people who have ever used PayPal, Venmo, Zelle or Cash App say they have sent someone money...
[ad_1] A move by Citigroup to dismiss what it called a “misguided” and “imaginative” wire-fraud lawsuit by the New York attorney general has gotten a mixed...
[ad_1] The Federal Reserve Board of Governors has created a new supervisory team specifically to oversee novel activities.Stefani Reynolds/Bloomberg Federal regulators have taken a sharper look...
[ad_1] With the addition of the self-service portal, DCU was able to boost lending from roughly $1 billion in mortgage loans when talks began in 2019,...
[ad_1] In a report last week on AI and cybersecurity, the U.S. Department of the Treasury said that, while banks tend to share plenty of information...
[ad_1] Banks that offer banking-as-a-service to fintechs be warned: Regulators continue to critique these programs. In the most recent example, the FDIC announced consent orders Friday...
[ad_1] Lack of understanding remains a key hurdle for adopting traditional and generative artificial intelligence-powered tools, but banks and credit unions are still eager to use...
[ad_1] What are the best use cases for generative AI in banking and fintech? What do banks and fintechs need to do to keep up with...
[ad_1] Michael Berman (left), founder and chief executive of Ncontracts, and Ginger Devine (right), senior vice president and senior risk officer at Citizens First Bank, a...
[ad_1] The Colorado-based institution is overhauling its training procedures by using simulated VR experiences to prepare new member service representatives for their roles without the stress...
[ad_1] The operator of a cash-advance app has run into trouble with the Federal Trade Commission — for the same reasons one of its competitors was...
[ad_1] Sen. Joe Manchin, a Democrat from West Virginia, and Sen. John Moran, a Republican from Kansas, reintroduced the Fair Audits and Inspections for Regulators (FAIR)...
[ad_1] Financial institutions are increasing their tech budgets and honing in on AI in 2024 following a rollercoaster year of bank failures, interest rate shifts and...
[ad_1] The $225 billion-asset bank is doubling-down on its partnership with the New York-based payroll verification and direct deposit account-switching firm Pinwheel to streamline new account...
[ad_1] A fintech company has launched a secured credit card, the second to do so in two months. Upgrade, which offers checking and savings accounts, credit...
[ad_1] Digital banking functions at approximately 60 credit unions have been interrupted by a ransomware attack on a third-party service provider, but there is no evidence...