BankThink

Fintechs need regulatory clarity now more than ever

05/12/17

Compliance flexibility, state law harmonization and funding transparency requirements are among the regulatory steps that can encourage continued innovation.

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More Wells cost cuts; OCC choice questioned

05/12/17

The bank said it plans to cut $2 billion more from expenses over the next two years; Senate Banking Dems have questions about the choice of acting comptroller.

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‘Like humans do’: Comments of the week

05/12/17

Readers sound off on the use of AI in underwriting, the reasons for the failure of a Milwaukee bank, U.S. banks’ progress in adopting APIs, and more.

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Cross-selling isn’t dead and other takeaways from Wells Fargo’s investor day

05/11/17

Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers.

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Chase outage knocks out payments service for customers nationwide

05/11/17

The glitch primarily affects payment services, including bill pay and QuickPay, the company’s peer-to-peer service.

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FDIC fines Wisconsin bank and other lenders for overcharging military members

05/11/17

The regulator said that the Bank of Lake Mills, Freedom Stores and Military Credit Services violated the FTC Act.

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Financial institutions praise Trump executive order on cybersecurity

05/11/17

President Trump on Thursday signed an executive order to reinforce the country’s cybersecurity defenses, a move that financial institutions view as a positive step toward creating a more resilient financial system.

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Yellen on spurring economic growth; Fidelity’s fintech philosophy

05/11/17

Janet Yellen says our economic growth depends on closing the gender wage gap. Fidelity talks about fostering innovation and Wells Fargo improves its mobile app. Plus, a soccer story.

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Cybercrime outbreak targets French banking customers

05/11/17

There's an outbreak of email and telephone hoaxes in France falsely attributed to the country's central bank, as criminals multiply attempts to steal credentials from French companies and consumers, the Bank of France said.

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This cryptocurrency project is now courting banks

05/11/17

Stellar, which started as a splinter group from Ripple, has formed a for-profit company called Lightyear.io to help financial institutions integrate its software.

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