Should banks charge for access to consumer data?
Amid an uncertain future for open banking, varying views on data sharing could pose a setback. JPMorgan, for one, is ...
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At least one VC is using AI for all investment decisions
Venture capital firms are now using AI to make investment decisions. San Francisco-based venture firm Trac.VC is using only AI ...
FirstBank halts core migration amid PNC acquisition
PNC’s acquisition of FirstBank, announced Sept. 8 would see the banks’ full integration by midyear 2026. The deal, with an ...
Tether to launch new US stablecoin, Bo Hines to lead project
Tether Holdings SA, the company behind the world’s most traded cryptocurrency, is bringing its digital dollar home, unveiling a US-regulated ...
90% of Varo lending decisions derived through cash flow underwriting
NEW YORK — Varo Bank is upgrading its underwriting systems to develop deeper customer relationships and grow. The $486 million ...
Robots step in more than ever when credit traders go on vacation
When US credit traders go to the beach, algorithms are increasingly stepping in for them, allowing transaction volume to stay ...
Transactions: U.S. Bank embeds new SMB offerings
U.S. Bank is expanding its small business offerings with launches of two embedded solutions this month. On Sept. 4, the ...
Klarna’s IPO gives fintechs a boost
Buy now, pay later service provider Klarna made its debut on the public market today, which could encourage other fintechs ...
Gen AI return on investment ‘not that great,’ credit union CTO says
NEW YORK — Financial institutions are diving headfirst into gen AI but University of Michigan Credit Union hasn’t seen much ...
Michigan credit union leans into AI to streamline loan originations
NEW YORK – University of Michigan Credit Union is building an AI-driven loan origination system to speed the loan application ...
