Fintech savings app Digit launched an instant withdrawals feature with the help of JPMorgan Chase to allow users to move...
JPMorgan Chase and Wells Fargo announced their earnings late last week and digital channels continue to be a growing force at the banks; JPMorgan Chase saw a 13 percent jump in active mobile customers to over 30 million; Wells Fargo’s growth was not as pronounced at 3 percent to over 21 million active mobile customers; this points to a broader industry trend where according to Business Insider’s Mobile Banking Competitive Edge study 83 percent of respondents use mobile banking; some recent trends the study has also seen include more attention to security, mobile transfers and users asking for more advanced features. Source.
Plaid CEO Zach Perret is in favor of banks allowing customers to have control over access of their data; Plaid...
Despite the rumors of a spinoff and losing Amber Baldet JPMorgan Chase is still pushing forward with their Quorum blockchain; they recently tested the issuance of a $150 million, one-year, floating-rate Yankee certificate of deposit on the blockchain, in parallel with the actual issuance of the CD according to American Banker; in regards to the spinoff the bank has yet to completely deny the rumors, though they could spinoff parts of the group and still house Quorom within the bank. Source.
JPMorgan Chase, Wells Fargo and now Ally Bank have all outsourced a part of their home lending process to fintech...
Lenders and credit reporting firms are still working through how to handle the current state of the US consumer; lenders...
There has been a lot of discussion in the last few years about blockchain technology and its potential impact on...
Google Cloud has added a new security layer to their cloud offering to better protect customer data. Confidential Virtual Machines,...
OnDeck had some pretty interesting updates in their earnings release which took place earlier today. CEO Noah Breslow shared that...
Business Insider takes a look inside JPMorgan Chase and how the company’s digital only bank Finn was shut down just...