Industry consortium on financial data sharing adds 25 new members
The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure...
Banking
Inside Joust’s subscription model for freelancers
Joust, a digital banking startup geared toward freelancers, is differentiating itself by offering faster access to earned income. Joust's banking...
Beneficial State Bank to revise auto loan collection practices as defaults mount
Beneficial State Bank, founded by 2020 presidential candidate Tom Steyer, is updating its collections policies on the heels of 1,800...
Why a community bank in Missouri is investing in core banking startup Neocova
For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets,...
Grasshopper Bank advances inclusion, stamps out ‘pattern matching’
New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in...
New FICO scoring to lower risks for lenders
FICO is updating its credit scoring system to rely more on debt-to-income ratio, with consumers scoring below 600 to feel...
Seattle Credit Union targets renters with personal loan offering
While consumers often turn to financial institutions for mortgages, Seattle Credit Union is expanding the field of real estate related...
Weekly Wrap: Digit expands automation, Brex grows product suite
Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 24, 2019. In...
Google ban fails to stamp out short-term payday lending apps
In August, Google announced a global crackdown on Android apps that offer short-term loans, saying it wanted to protect consumers...
Payfone partners with TransUnion to identify bank customers
Consumer credit reporting agency TransUnion has been named as the primary data provider for Payfone, which provides mobile and digital identity authentication solutions to top U.S. financial institutions. The partnership will...
