Fintechs Face Difficult Regulatory Realities on Charters
WASHINGTON, D.C. — Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams ...
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Venmo Revenue Growth Exceeds Analysts’ Predictions for Q1
PayPal‘s P2P service Venmo has exceeded analysts’ first-quarter estimates in two key areas: annual revenue run rate and number of ...
Mnuchin Prefers Private Over Government Solutions to Data Collection, Use
WASHINGTON, D.C. — U.S. Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when ...
Zelle Reports Record High Payment Value, Volume in Q1
Zelle, the P2P payments service run by Early Warning Services LLC, reported $39 billion in transaction value for the first ...
Traditional FIs See Fintechs as ‘Significant Threat’ by 2022, Study Says
Nearly 80% of traditional financial institutions feel little or no threat from fintechs today, but 65% believe fintechs will be ...
Fifth Third Bank to Add 100+ Branches to Improve Customer Experience
For Fifth Third Bank, customer service is not just about digital transformation. The bank also wants to expand its physical ...
Fintech AsiaCollect Seeks to Digitalize Debt Collection in Southeast Asia
With the majority of the region’s debt collection being handled by small, provincial agencies, the process in Southeast Asian markets ...
Adoption of Chatbots on the Rise, But Where to Next?
Adoption of chatbots is on the rise. So are questions about how they can do more. Bank of America reported ...
Financial Apps Have Better Mobile Retention Rates Than Other Industries, Report Says
Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial ...
Millennials Represent Nearly 3 of 5 New 1Q Account Openings at Ally
The Detroit, Mich.-based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff ...
