‘Enough already’: Analysts question banks’ $650 billion tech spend
McKinsey published a report Wednesday that found banks’ technology investments equate to the gross domestic product of Sweden. But this spending is not leading to revenue growth, they and others say.
Buying a home has never been harder. Some fintechs say they can help.
Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp.
Townstone Financial agrees to settle redlining case
The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.
Why Marqeta became a BNPL matchmaker
The payment company is connecting installment lenders with borrowers who may be looking for a product instead of a specific company.