CFPB, Federal Reserve Board: AI bias can’t be ignored
Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders' moves are facing scrutiny from...
Risk & Security
Weekly Wrap: FICO fights fraud with selfies, as tech providers pitch ‘social’ banking
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 15, 2019. In...
Porn site says PayPal ban will hurt more than 100,000 performers
PayPal Inc. is blocking transactions at Pornhub, a move the adult-video site says will halt payments to “over a hundred...
RTP network transactions growing 25% every month: The Clearing House
The Clearing House reports that its real-time payments (RTP) network is growing more quickly than anticipated. Speaking at an industry...
FICO fights fraud through selfie-based authentication tools
The identity verification process for financial institutions just got easier thanks to two new digital identity tools FICO rolled out...
Despite court lumps, OCC planning extended legal battle over fintech charters
Despite a recent legal challenge, the Office of the Comptroller of the Currency is continuing to push for the legalization...
Viral tweet about Apple Card leads to Goldman Sachs probe
A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s credit card practices after a viral tweet...
INV Fintech’s pivot to bank enablement evident in new accelerator class
INV Fintech’s new class, announced today, solidifies the accelerator’s pivot to greater bank enablement. INV has refocused its operations within...
Varo crosses 1 million customers, with plans to become a bank by 2020
Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early...
Inside TransferWise’s regulatory advocacy efforts
U.K.-based money transfer startup TransferWise is going beyond cheeky ads to spread its message of foreign exchange fee transparency. It's...
