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From BAI Banking Strategies

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Technology & Information Keeping up with Fintech
 
KEN SIEGMAN
 
To avoid getting left behind as customer needs and technological capabilities change, banks need to participate more actively in funding fintech development.
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From BAI Banking Strategies Daily

Consumers participating in Ally Financial's settlement with U.S. regulators over alleged discriminatory auto lending practices will receive checks later this year or early next year.
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As Samsung announced two new smartphones on Aug. 13, it also unveiled its new mobile payment platform, Samsung Pay, which will be rolled out as a small beta later this month in the United States.
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Goldman Sachs plans to assume a new role as a savings bank for retail customers by acquiring $16 billion in customer deposits from GE Capital Bank.
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