Compliance spend may take toll on fintechs
Lenders have had to spend unprecedented funds on compliance in the first quarter, which could shift resource allocation at banks ...
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Fintechs, armed with direct SBA lender status, await more funding
The $349 billion Congress set aside for small businesses as part of the Coronavirus Aid, Relief and Economic Security Act ...
Inside TD’s COVID-19 tech ‘war rooms’
The coronavirus pandemic has forced many bankers and bank processes to pivot in unexpected ways. For TD, it has meant ...
Finance app use spikes with pandemic
The amount of time U.S. consumers spend on mobile finance apps has jumped 35% since the start of the coronavirus ...
Envestnet Yodlee inks data-sharing agreement with Schwab
Data aggregator Envestnet Yodlee announced another partnership with a major financial institution today, this time with the broker-dealer giant Charles ...
Moven closes consumer-facing business, pushes customers to Varo
As Moven begins shutting down its consumer-facing businesses, the digital banking platform is funneling its customers to Varo Money. “Moven ...
Confusion muddles PPP loan forgiveness processes
Banks scrambling to process Paycheck Protection Program loans will soon have to parse borrowers’ spending data to determine whether those ...
Bank of America customers sent $27 billion through Zelle in Q1
Bank of America customers are shifting toward digital tools. According to data released by the bank, supplementing its earnings call ...
PPP fraud risk could run to billions
Last week saw banks and fintechs scrambling to stand up platforms to process Paycheck Protection Program loans, and now the ...
OnDeck, BlueVine are latest fintechs to provide PPP loans
As digital lenders finally make their move into Paycheck Protection Program loans, fintechs OnDeck and BlueVine partnered with banks this ...
