AB – Technology
- Banking
Howard Bank tests subscription model account. Will customers pay for it?
Exclusive discounts, cell phone insurance and roadside assistance are benefits more typically folded into credit cards than into checking accounts.…
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Avant, online lender to near-prime consumers, buys a neobank
The online lender Avant, which has offered credit to near-prime customers since 2013, is a step closer to becoming a…
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Betterment launches checking account for shared finances
Betterment is expanding the banking side of its business by launching a joint checking account to complement its checking feature…
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AI in banking: Where it works and where it doesn’t
Detecting financial crimes can be painstaking work. Bank investigators have to piece together a paper trail of transactions — a…
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Fast-growing Plaid raises another $425 million
Plaid, the fast-growing tech company that gathers customer account data from banks and delivers it to fintechs, seems even after…
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Culture of inclusion defines digital onboarding firm Alloy
The founders of Alloy, a software company that helps banks and fintechs make faster onboarding decisions, have made a commitment…
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Transparency, diversity make Vestwell a Best Fintech to Work For
Vestwell, which helps financial institutions administer workplace investing programs such as 401(k)s, keeps employees informed about its goals, involves people…
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Little things go a long way with these fintechs’ employees
The dense, single-spaced, 20-odd-page company report that is sent to IntraFi employees each month may not be as satisfying as…
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A neobank facilitates charitable giving directly through its app
Donating to charity typically involves digging up a credit card number or mailing a check. Spiral, a challenger bank that…
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Raisin’s first U.S. bank partner will offer build-your-own CDs
A Dallas community bank has partnered with the fintech Raisin to offer complex deposit accounts that customers can build themselves…
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Where Goldman, Citi, JPMorgan are putting fintech investment dollars
Big banks continue to invest heavily in fintech startups that can help them stay competitive, reach new markets and improve…
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Microloans, CDFI partnerships: How Greenwood will use big-bank funding
Greenwood Financial, an Atlanta challenger bank with a mission to confront the nation’s racial wealth gap, has raised $40 million…
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U.S. Bancorp tool helps protect overambitious savers
U.S. Bancorp on Wednesday rolled out an automated savings service that lets consumers save more and ensures that they don’t…
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The fintech partnership helping Sterling Bancorp reach kids
Kids who save money early are likelier to become adults who attend college, own stocks and exhibit other positive financial…
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Why U.K.’s Revolut wants a U.S. charter
Revolut, a U.K. challenger bank that set up shop in California last year, has begun the process of becoming a…
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How banks can ace next round of virtual shareholder meetings
Banks are preparing for the next round of annual shareholder meetings, and they’re likely to be mostly virtual, as they…
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Challenger bank rolls out first FICO-free credit card
TomoCredit, a San Francisco challenger bank for immigrants and young people, is rolling out a credit card that ditches the…
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Sign of fintechs’ evolution: Two new D.C. trade groups
Some of the biggest names in fintech — including Plaid, Varo and LendingClub — are joining forces to raise their…
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Flagstar’s data breach, and what banks can learn from it
Flagstar Bancorp fell victim to a recent data breach in which personal information of employees and customers, including Social Security…
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Brian Brooks joins blockchain company Spring Labs
Brian Brooks, the former acting head of the Office of the Comptroller of the Currency, has joined the board of…
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How banks can climb higher in Google search rankings
When consumers trawl Google for bank products, they aren’t just searching for deposit accounts or credit cards. People want the…
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Combating hate crimes is one of this Asian American neobank’s goals
A new challenger bank for Asian Americans aims to speak their languages, reward them for shopping at Asian businesses and…
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Too many small banks are ‘digital have-nots’: FDIC innovation chief
As the Federal Deposit Insurance Corp.’s new chief innovation officer, Sultan Meghji has a few things on his plate: making…
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State data privacy laws pose compliance headaches for banks
States are stepping up their efforts to protect the privacy of consumer data, and the trend is adding to banks’…
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Fintech trade groups merge, recruit more members
Fintech companies are joining a new trade group called the American Fintech Council to lobby Washington lawmakers and set standards…
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People with disabilities struggle to save. Purple says it has a solution.
Christian Ciocca, who has Down syndrome, faced a dilemma: The handful of hours a week he spends working at a…
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Challenger bank helps customers brace for medical emergencies
A challenger bank is offering supplemental health insurance and other health-related benefits to customers who are uninsured or underinsured. Better…
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Challenger bank helps customers erase carbon footprints
The challenger bank Aspiration has an ambitious goal: help consumers neutralize their carbon footprint. The Marina del Rey, Calif., fintech…
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Can banks convince customers their data is safe?
Customers trust financial services companies to keep their money safe. But trusting them to safeguard their privacy and personal data…
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Microsoft wants bigger piece of cloud banking market
Microsoft says it will launch a Financial Services Cloud later this month, more than a year after IBM announced its…
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Standard Chartered tests AI to size up young borrowers
Standard Chartered has been developing new underwriting models using machine learning that could help it determine creditworthiness of borrowers with…
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‘Digital assets are here to stay’: BNY Mellon embraces crypto
Bank of New York Mellon has begun to develop the technology and business acumen needed to manage cryptocurrency, driven by…
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SPACs supercharging fintechs
Opportunity Financial began contemplating whether to go public in early 2020. The online lender wanted to flesh out its installment…
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Morgan Stanley creates bot that does junior analysts’ work — faster
Technologists at Morgan Stanley have developed a virtual assistant that helps people throughout the organization plumb useful information from the…
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