Fintech

The U.S. semiconductor sector now has the poorest risk-reward ratio in three years as cyclical risks are piling up, according to the broker, which last month said investors should sell the crowded technology sector.

A $52 million-asset African-American-owned bank in South Carolina is hoping its efforts can be expanded to help underbanked consumers nationwide.

Something interesting happened in Swedish finance last quarter. The only big bank that managed to cut costs also happens to be behind one of the industry’s boldest plans to replace humans with automation.

U.S. Bancorp this week was the latest to say it will build a nationally available checking-account product as lenders introduce mobile offerings that let consumers do their full banking without a branch.

Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables.

State Street Corp. plans to spend $2.6 billion to acquire Charles River Systems Inc., a provider of investment data and analytics software.

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app.

Her name is Aida. She’s the artificial intelligence unit that SEB AB, one of Sweden’s biggest banks, is using to replace humans for selected functions.

To teach its automated advice platform how to help advisers communicate with clients, the company has sought to develop a bank of knowledge about psychology and other expertise beyond traditional wealth management.