Figure-affiliated SPAC plans to merge with mortgage bank
A special purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.
Source: nationalmortgagenews.com
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Banks grow more open to open source software
Financial institutions are contributing to open source projects and value them more than ever, a survey finds.
Source: americanbanker.com
Greenwood launches upscale benefits with a $200 monthly fee
The challenger bank for Black and Latino individuals introduced Elevate, a membership-only tier that includes access to private clubhouses and networking aimed at people of color.
Source: americanbanker.com
White House push for consumer rights for AI hits hiring and lending
It's only been two months since the Biden administration posted its blueprint for an AI Bill of Rights, but government agencies are starting to apply it in areas of financial services where discrimination is a concern, according to speakers at a Brookings Institution event.
Source: nationalmortgagenews.com
Fintech plans to double workforce, add bank partners in 2023
Houston-based Save, which lets consumers save and invest from the same account, closed on its most recent round of funding last month, led by BNP Paribas and joined by Webster Bank.
Source: americanbanker.com