Bank of New York Mellon has named Subhankar Sinha as Head of Blockchain. A BNY Mellon spokesman told Bank Innovation that the position is new at the bank “and was created as a result of the acceleration of proof-of-concept initiatives across the bank that align with BNY Mellon’s growth strategy and digitization priorities.” Sinha’s blockchain ...Read More

The U.S. House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated. The chair of the task force will be Rep. Stephen Lynch (D-MA). “The lives of American consumers are changing dramatically, with much of...

The speed at which financial institutions are expected to meet changing customer demands drove Chicago-based fintech Amount and TD Bank into a strategic partnership that will have the bank using Amount's platform to make personal loans. In addition to smoothing out the customer journey by using Amount, the fintech will also allow the bank to ...Read More

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions. CEO James Gutierrez told Bank Innovation his vision is for Aura's 1,200 storefront partner locations to grow to 20,000 locations, including ...Read More

With plans to expand its B2B business across Europe over the next 18 months, German fintech Fidor Solutions teamed up with Vancouver-based startup Finn AI to embed a virtual assistant in Fidor’s “bank-in-a-box” product. Banks and non-banks using Fidor Solutions will now be able to provide customers with a chatbot that can guide users through ...Read More