Latest News Hot off the Press

November 28, 2018

There’s strength in numbers couldn’t be truer when it comes to community and regional banks as they navigate the ever-increasing digital world. While the likes of JPMorgan Chase and Bank of America have the budgets and the staff to develop cutting-edge digital offerings for their customers, their smaller brethren are usually left to their own devices, which means scrambling to catch up. 

Aiming to e...

November 26, 2018

Detroit FinTech Bay today announced its first founding partner for the North American FinTech hub: Flagstar Bank, a home-grown bank with 100 branches in Michigan and home loan locations across the country.

"We are pleased to have Flagstar on board as our first founding partner in Detroit," said Maissan Almaskati, managing partner of the FinTech Consortium. "Flagstar's commitment to fintech, and espe...

November 21, 2018

The holiday season will soon be upon us, but that doesn’t mean work is slowing down in Michigan’s innovation hubs. Here’s a look at recent technology and entrepreneurship news from across the state.

—The Accelerate Michigan Innovation Competition, hosted by Invest Detroit’s ID Ventures on Nov. 13, announced the 2018 winners selected from a field of 300 applicants. Most of the winning companies in th...

November 13, 2018

A recent event held in the U.S. city of Detroit shows that many industry professionals believe in the power of cryptocurrencies and blockchain technology but also feel that mass adoption won’t be happening overnight.

While a decade old, last year saw blockchain technology and cryptocurrencies move from the shadowy recesses of the great unknown into the bright neon lights of the future. More and more...

November 12, 2018


On Friday, November 9, 2018, Lake Trust Credit Union was named a 2018 Detroit Free Press Top Workplace in the Midsize Business category in the 11th annual awarding of the designation.

“We’re honored to be named a 2018 Detroit Free Press Top Workplace,” said Lake Trust Credit Union President and CEO David Snodgrass. “This is especially significant because it re...

November 5, 2018

DURING recent trips across the US and the UK, I conducted a small experiment. Though I still carried some cash and credit cards, I decided that I would not reach out for my wallet unless I absolutely had to. Only digital payments. I am a long-time user of Apple Pay, which is connected to all my credit cards as well as my bank accounts. I also regularly use Pay­Pal’s Venmo and Square’s Cash App....

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