BankThink

GOP Senator suggests raising flood insurance cap to solve fiscal woes

03/14/17

Sen. Mike Rounds, R-S.D., suggested Tuesday that the National Flood Insurance Program should boost its insurance coverage to $427,000 in an effort to put it on sounder fiscal footing.

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Cloud security vendor raises $12 million

03/14/17

The venture capital firms of Goldman Sachs and Citigroup, along with the fund backed by Google’s chairman, have invested in a firm that helps banks secure their cloud technology.

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New York regulator's bid to expand fintech authority in jeopardy

03/14/17

New York's financial regulator had sought to expand licensing requirements for certain fintech firms through a provision in the state's budget, but the provision was not included.

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How OCC's fintech charter initiative angered Republicans

03/14/17

In trying to defend the fintech charter from attacks on the left, Comptroller Thomas Curry wound up frustrating the GOP.

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Citi broadens mobile services for corporate customers

03/14/17

The bank’s clients now have a simpler alternative for logging in to treasury management and other commercial accounts, part an effort by bankers to offer business customers more convenient high-tech services that are still secure.

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Community banks to deliver payments through linked2pay platform

03/14/17

ICBA Bancard is partnering with payments provider linked2pay to more easily deploy Automated Clearing House and other transaction types through a cloud-based platform.

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Cheat sheet: Radical visions of central bank-issued digital currencies

03/14/17

If the Federal Reserve and other central banks began issuing their own digital currencies, they could benefit consumers, boost the economy and fight financial crime. But not without risks to cybersecurity, individual privacy — and possibly bank profits.

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Blockchain misreads could set banks up for mistakes

03/14/17

Companies that fail to understand blockchain and distributed ledger technologies properly risk making expensive missteps.

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The next generation of bank CEOs?

03/14/17

Over the past six months Wells Fargo and U.S. Bancorp (for vastly different reasons) have activated their CEO succession plans, sparking questions about who else is in line to lead the industry’s large banks. Here are some of our most intriguing objects of speculation.

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What Vartanian as Fed vice chair would mean for bankers

03/14/17

Thomas Vartanian, a corporate lawyer and former regulator, is a noted critic of the Dodd-Frank Act who is reportedly being considered for a key spot in the Trump administration.

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