Brainard says Fed studying potential for US digital currency
The U.S. central bank is studying the feasibility of a digital currency, said Federal Reserve Governor Lael Brainard. “Given the...
Retail Banking
HSBC to launch robo-adviser and payments products this year
As digital challenger banks expand their product suites, large players like HSBC are quickly evolving their digital offerings to attract and retain customers. Alvaro Teixeira,...
Worldpay taps UK fintech Liberis to offer working capital to US businesses
U.K.-based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to...
Visa’s Plaid acquisition spurs speculation about Yodlee’s fate
On the heels of Visa's acquisition of data aggregator Plaid for $5.3 billion, industry watchers are questioning whether this might...
LendUp focuses on underserved, issues $2B in loans
Installment lender LendUp, which targets customers underserved by the credit system, has hit a milestone of $2 billion financed through...
Core provider Smiley to grow client deposits
Smiley Technologies, a core banking provider focused on community banks, is trying to help its bank clients secure larger deposits...
Goldman eyes offering small-business loans in deal with Amazon
Goldman Sachs Group Inc. is in discussions with Amazon.com Inc. to offer small-business loans through the tech giant’s platform, according...
Weekly Wrap: N26 grows US customer base, Venmo embeds with brands
Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 31, 2019. In...
CFPB sues Citizens Bank for failing to respond to credit card disputes
This week, the Consumer Financial Protection Bureau filed suit against Citizens Bank, alleging violations of the Truth in Lending Act...
Compound data: the key to digitized lending
A staggering 90% of small- to medium-sized enterprises fail. Aside from operations and strategy, one of the biggest reasons is...
