According to a new survey by Greenwich Associates 43 percent of financial advisors believe there will be fewer advisors in...
The core banking provider market is starting to feel the winds of change as banks start seeking newer providers and...
There has been talk about one the big tech firms becoming a bank and potentially forever changing financial services; event without a banking license big tech firms are making noise in the finance market; Amazon and PayPal have been extending billions in loans and banks have started testing technologies like Alexa; the tech firms have also amassed a trove of data that could end up being as important as banking data; as banks become more digitized we will begin seeing a further mixing of interests to help offer the best experience as possible to the customer. Source.
The Sift app was designed to increase transparency in credit card spending and provide credit card users with detailed information on fees and alternatives; the app has the capability to analyze 90% of all issued credit cards in the US for hidden benefits, price adjustment refunds, extended warranties, return protection and more; the firm has announced a $1.5 million fundraising round with the launch of the app and has plans to increase its users and expand the app's offerings. Source
PayPal participated in Tink’s $90 million funding round which was announced back in January; to go along with the investment,...
Truist Financial was formed back in December when BB&T and SunTrust Banks joined forces to form one of the nation’s...
According to new data from the Federal Reserve mobile payments have seen a big growth among consumers but fraud has also risen; the shorter clearing period looks to have opened banks on the Zelle network to more potential for fraudulent transactions; Zelle has been using multi-layer and multi-factor authentication during the enrollment process; as banks look to innovate to suit their customer needs they are also looking at newer ways to protect themselves against threats that are evolving just as quick. Source.
According to a new survey from CNBC and SurveyMonkey only 13 percent of small businesses were approved for loans through...
Goldman Sachs has been exploring the creation of a crypto trading desk and now has hired a former crypto trader; the bank hired Justin Schmidt as a vice president and head of digital asset markets; the move is seen as another step by the bank to eventually create a crypto trading desk as they have been rumored to be exploring this for quite some time; no major bank has started a crypto trading desk yet. Source.
2019 has become a big year for fintech mergers and that trends look to continue for some time; payments in...