SunTrust Bank, Ally Ventures and Amazon Alexa Fund teamed up with others to raise $16mn for Greenlight Financial Technology; Greenlight makes smart debit cards for kids and college students to spend more wisely; The company also offers a mobile app complete with parental controls so parents can teach their kids how to spend; this is a further jump into financial services for Amazon as it looks to enter the space through the partnership model. Source
According to a new survey by J.D. Power 30 percent of consumers surveyed were using mobile banking more and 35...
The Consumer Financial Protection Bureau (CFPB) will appeal the court's unconstitutional ruling in the case of CFPB v. PHH in which PHH argued the CFPB's authoritative powers were too broad following enforcement actions that resulted in penalties primarily for referring consumers to mortgage insurers for compensation; the CFPB is requesting that the case be heard by all judges in the D.C. Circuit Court of Appeals rather than a panel of only three judges which provided the October ruling; if the verdict in the case is unchanged, the president will still be able to replace the CFPB director at his discretion; it's likely that Director Cordray could be replaced by President-Elect Donald Trump given his plans for Dodd-Frank. Source
LendIt Co-Founder and current CCO of Centrifuge, Jason Jones, wrote a guest post on Lend Academy comparing decentralized lending to...
Artificial intelligence usage continues to increase inside the banking world and banks are trying to figure out where to best...
Asset management divisions within big banks have always been a solid revenue source but recently they have taken on greater...
Qwil’s Johnny Reinsch: ‘Our mission is to provide liquidity to SMBs and freelancers around the world’ Nationwide Announces New Partnership...
Coindesk has dug into the Libra white paper which references how they might address digital identities: “An additional goal of...
In the market today there are so many great options for low/no fee checking and savings accounts; many of these...
Cloud providers Amazon Web Services, Google Cloud, Microsoft, and IBM have been working to convince more financial services companies to...