Accounting Banking Credit Risk Financial Systems 
PYMNTS
MAY 29, 2018
In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated credit scoring system for banks. In 1954, they came-up with the first version of the Fair Isaac credit score — or the FICO. But is FICO keeping pace with modern financial services?
PYMNTS
FEBRUARY 5, 2018
In order to boost competition within FinTech, said the Bureau, among other recommendations, regulation should be neutral when it comes to technology, and move to embrace Open Banking. There’s a difference between the risk of depositing money into a bank account, said Wright, and depositing money into a Starbucks card held on a phone.
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PYMNTS
APRIL 30, 2018
Digital banks. In an interview in 2013 , Founder and then-CEO Renaud Laplanche boasted that incumbent banks like Chase were “like Blockbuster Video” in a world in which tech and new lending models like LendingClub’s would bury them. Digital Banks. Most, though, aren’t really banks in the true sense of the word at all.
PYMNTS
MARCH 8, 2016
“All lenders, from online startups to large banks, must follow consumer financial protection laws. By accepting these consumer complaints, we are giving people a greater voice in these markets and a place to turn to when they encounter problems.”. The CFPB has been accepting complaints since its inception in July 2011.
Barry Ritholtz
FEBRUARY 13, 2023
In fact, I was going to be a strategist, financial analyst to work for a bank and write research reports. And the ability to say, gosh, you know, there’s a lot of stuff in fixed income, that for a variety of reasons, central bank owns it, a pension fund owns it, insurance companies own it. RIEDER: Right. It has no value.
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