5/21/2024 5:18:04 PM AI startups are making their home in New York. Can they turn it into an AI powerhouse? By FinTech Collective A new class of startups is setting up shop in NYC instead of Silicon Valley, hoping to tap its concentration of businesses ready to buy...
5/21/2024 1:05:58 PM CFPB targeting 'lack of competition' in credit reporting, credit scores By FinTech Collective The CFPB is looking to improve ‘competition, choice and affordability’ in credit reporting costs and other mortgage closing costs....
5/21/2024 1:02:11 PM JPMorgan: all new employees will receive AI training By FinTech Collective Getting trained in artificial intelligence is now part of being hired. While new hires will get a crash course, AI is currently helping...
5/20/2024 5:52:24 PM Hong Kong trials digital yuan for retail and cross-border payments By FinTech Collective It will allow retail transactions and cross-border payments for residents within the city while integrating China’s central bank digital...
5/20/2024 3:29:32 PM Dimon led bank CEOs to fend off tougher capital rules By FinTech Collective Jamie Dimon and other big-bank CEOs played hardball with the Federal Reserve over proposals that the lenders hold more capital. Now, it...
5/17/2024 2:52:44 PM Executives are bullish on GenAI use within finance and accounting despite low adoption rates By Gareth Jones GenAI adoption in finance and accounting is growing, with 6.6% of organizations already implementing it, 27.8% planning future use, and...
5/17/2024 2:47:41 PM Vanguard’s new chief plans to lure ‘millions and millions more’ clients By Gareth Jones Vanguard’s newly named chief executive Salim Ramji, the first outsider to lead the $9.3t asset manager, has big plans to extend its reach...
5/17/2024 2:45:00 PM Futures exchange CME plans to launch bitcoin trading By Gareth Jones The world’s largest futures exchange is planning to launch bitcoin trading, aiming to capitalize on surging demand this year among Wall...
5/17/2024 2:41:38 PM Milei targets labor law that’s set to hand banker $10m severance By Gareth Jones A one-time Citibank employee who earned a $130k salary working in New York stands to collect a $10m severance award, thanks to...
5/16/2024 4:04:52 PM Chime to add earned wage access offering to banking app By FinTech Collective With “MyPay", qualifying members will be able to access $20 to $500 of their pay before payday during each pay period.
5/7/2024 9:01:58 PM India proposes CBDC that can function offline By FinTech Collective India’s central bank wants its digital currency to be available without internet access and has expanded the use of its digital currency...
5/3/2024 3:27:12 PM Online marketplaces like eBay, Etsy are counting on AI to supercharge shopping By FinTech Collective Large players have rolled out products like ChatGPT personal shoppers to increase purchase rates, but quick chat response timing is...
5/3/2024 3:21:30 PM Banks moving into the cloud prompt forecasts of security risk By FinTech Collective Experts say that transitioning to the cloud is a trade-off due to risk of infrastructure breaches, yet this could be mitigated if the...
5/3/2024 3:07:38 PM Chubb to make $350m payout in Baltimore bridge collapse By FinTech Collective The insurer is expected to authorize a full payment in the coming weeks, yet Chubb’s exposure to the loss is significantly less than the...
4/24/2024 10:02:03 PM Walmart pushes BNPL loans with One By FinTech Collective For One, who is majority owned by Walmart, the move sets the stage for competition with Affirm as a BNPL option entrenched with Walmart.
4/19/2024 6:36:00 PM Congress advances earned wage access bill as popularity grows By FinTech Collective U.S. Congress advanced a bill that aims to provide a regulatory framework and establish consumer protections for services that offer...