Friday October 26, 2018 –
Here are the new and noteworthy stories we have been following this week.
FICO Plans Big Shift in Credit-Score Calculations, Potentially Boosting Millions of Borrowers
Zelle Network® Announces $32 Billion, 116 Million in Payments for Q3 2018
Lenders Share Their Underwriting Secrets With Credit Karma
As part of a new service, lenders will begin sharing some elements of their underwriting policies and models with Credit Karma in the hope of growing customer acquisition.
Visa Makes Strategic Investment in Conductor to Accelerate Adoption of Digital Payments in Brazil
Visa makes its first investment in Brazil as part of a broader global strategy to open up the Visa ecosystem and support a broad range of new partners transforming commerce.
IBM introduces Open Banking platform
IBM is launching a platform for banks designed to bridge the gap between legacy systems and the API future.
Citigroup escalates credit card wars with boost to top card’s dining, air travel rewards
Citi is fighting back for premium credit card market share by boosting the rewards on its Prestige card.
Visa tops profit estimates as consumer spending grows
NAB and Microsoft test facial recognition for ATM withdrawals
Discover Financial Services Reports Third Quarter Net Income of $720 Million or $2.05 Per Diluted Share
Discover generated $720 million in Q3 earnings, up 20% YOY 2017.
BlackRock plans 1,000-job innovation center in Atlanta
BlackRock has announced plans to open a new innovation center in Atlanta, where it expects to locate about 1,000 jobs.
Sweden’s central bank prepares for cashless future with e-krona
Sweden’s central bank is pushing ahead with plans to build a technical framework for the issuance of a new electronic currency, the e-krona.
Is a Cashless Society Problematic?
The Bank of Canada releases a paper that looks at the implication of a cashless future.