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October 3, 2019 by Eric Sandrib

In the last 48 hours, three of the four largest discount brokerages have cut their commission charges on trades to zero. Combined, Charles Schwab (who commenced the expedition to zero), TD Ameritrade, and E-Trade have US$2.35 trillion retail client assets and over 28 million brokerage accounts. Thus, the switch to zero commission by these three firms enables the majority of U.S.-based clients engaged with retail brokerages to now use their services for free.

September 18, 2019 by Julie Conroy

FinovateFall is right around the corner, as hard as that is to believe (how is it already fall?). This is always one of my favorite events, as startups and established players introduce their latest financial technology innovations and inventions. This year, I’m excited to be participating on the main stage as I help FICO unveil its newest innovation, Falcon X.

September 13, 2019 by Virginie O'Shea

As I creep ever closer to my eighth work anniversary here at Aite Group, I’ve been in a somewhat reflective mood. What lessons have I learned from listening to eight years of vendor clients and prospects talking about their fintech friends and foes? What have I gleaned from hours of demos and feedback sessions with the vendors and consultants that service the capital markets?

August 29, 2019 by Greg Donaldson

Fraud is an ever-present threat to insurance companies. Most estimates place the impact of fraud at 10% of premiums, and that leads to billions of dollars in losses every year. Every time we think we are starting to catch up to the latest fraud efforts, new schemes pop up to take advantage of our industry. The real problem is that most traditional fraud detection methods happen after the payment, which creates a “pay and chase” situation resulting in expensive recovery efforts.

August 22, 2019 by Leslie Parrish

Unsecured personal loans are hot. Consumers like them because they have a simpler repayment structure than a credit card and are quicker to obtain than most other loan products. Noticing this demand, lenders (both banks and non-banks alike) are increasingly offering these loan products. Even lenders who have been focused traditionally on credit cards are now offering these closed-end installment products.

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