Customers want more transparency in banks’ lending decision-making processes and more control over the data that factors into them.

To comply with global banking rules set by the Basel Committee, some banks may need to up their reserves by 20%.

The card network launched an account owner verification tool in Europe and partnered with Algoan to boost financial inclusion

Monzo and Chip claim profitability, but UK conditions make their future outlook uncertain.

Generative AI has ample applications within financial services over a three-year horizon, with payments the most promising sector because of its breadth of potential use cases.

It isn’t ready to give up on the main street consumer. Moving forward, the unit faces many hurdles to overcome its losses.

Partnering with StepChange will help support struggling customers, but it raises questions around the harm BNPL can cause.

Three fintechs that specialize in anti-money laundering controls—including one powered by AI—caught investors’ eyes amid regulatory crackdowns.

Insider Intelligence’s forecast estimates a 62% decrease in new neobank account openings, and a 44.6% drop in all digital account openings.

Some are calling the program designed to help Black and Hispanic families achieve home ownership ‘predatory lending.’

Mobile payments are near universal across use cases in China, thanks to high mobile penetration and the rise of a wallet duopoly that’s made them accessible, affordable, and convenient.

The profitable fintech is expanding its product suite and will create its own loan-servicing platform—an IPO figures in its long-term roadmap.