This de novo wants to be the go-to bank for fintechs


CEO Wendy Cai-Lee says Piermont Bank can do it all for financial technology firms: be their commercial banker, be their banking-as-a-service provider and develop APIs and other cutting-edge products for them.


Debit payments surge central to DOJ's suit to stop Visa-Plaid deal


In its lawsuit against Visa, the Justice Department alleges the card network's $5.3 billion deal to buy Plaid is meant to neutralize a competitive threat — even though Visa and Plaid do not see themselves as competing with each other.


Visa $5.3 billion Plaid deal triggers DOJ antitrust concerns


Visa’s $5.3 billion acquisition of Plaid has raised competition concerns at the U.S. Justice Department, which is nearing a decision about whether to sue to block the deal, according to two people familiar with the matter.


BofA adapting consumer tech for use with corporate clients


Bank of America is applying a familiar arsenal — including APIs and its popular virtual assistant, Erica — to online business banking, cross-border payments and cash management in an effort to modernize those services.


Wells Fargo says it has nearly eliminated screen-scraping threat


The company's new agreement with Envestnet Yodlee to share customers' account data over secure pipes is its 17th pact with aggregators and other fintech firms.


Coronavirus put Truist's innovation plans on fast track


The company, the product of a big merger shortly before the outbreak, had to build portals on the fly, help many customers shift to mobile and accomplish in days tasks that once took months, its digital chief says.


The API race, CFPB vs. Citizens, Varo's bank charter: Top stories of the week


Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.


Wells Fargo escalates the API race


When it comes to customers using application programming interfaces, the bank appears to be outpacing its rivals.


Europe’s new API rules lay groundwork for regulating open banking


Banks in the U.S. should take note of these requirements before opening their systems to third-party developers.


What the Visa-Plaid merger means for banks, fintechs


Visa's deal to acquire the data aggregator Plaid is likely to have ripple effects throughout the industry, including less fintech-tech tension over sharing data.