USAA recruits fintech veteran for innovation outreach
Scarlett Sieber will be based in the bank’s Labs division, working on forging partnerships with fintech firms. ... Read full article
News Topic: BBVA Compass
Search Results
BBVA Compass' revenue gain a silver lining as profits fall
Profits fell 42% at the Birmingham, Ala., bank because of a $121 million tax charge in the fourth quarter, but net interest income and noninterest income each rose 14%, softening the blow of the one-time tax hit. ... Read full article
Will tomorrow's core banking systems run on open-source software?
Banks' embrace of open-source development could eventually go beyond creating tools and apps — to something far more radical. ... Read full article
How reg relief bill could help rural underbanked
House and Senate bills contain a provision that would let financial firms in all states use digital scans of photo IDs to verify identities of prospective customers. That could ease the account-opening process for consumers in areas where branches are few ... Read full article
Onur Genc's (somewhat) offbeat growth plan for BBVA Compass
The regional bank’s first-year CEO is doing some expected things, like offering more products through digital channels, and making a few surprising moves, like inviting all credit card customers to switch to lower-rate loans. ... Read full article
BBVA Compass profits rise despite $60M provision tied to hurricanes
The Alabama bank's provision for loan losses rose 59%, but it still reported an 8% increase in 3Q profits thanks to stronger margins and fee income. ... Read full article
Will regtech kill bank jobs?
It's a question many banks are already confronting head-on as they implement new technologies designed to make compliance easier. ... Read full article
What BBVA Compass did to its mobile app to help Harvey victims
Fast code changes and compliance approvals helped bank customers who couldn’t make it to a branch. ... Read full article
With new version of iOS imminent, banks are already sprinting
When Apple or Google releases a new version of its operating system, banks are forced to respond by updating their mobile apps—running just to stay in place. Next month's release from Apple is especially challenging. ... Read full article
Why banks are wading back into energy lending
Oil prices are dropping again, but some lenders think now is the time to recommit to energy lending as long as they underwrite them a certain way for certain borrowers in certain regions. ... Read full article
BBVA Compass’ profits spike on rising rates, energy sector recovery
The Sun Belt lender also increased fee income and kept expenses down in the first quarter. ... Read full article
Simple said to drop 0.7% of its customers in transition snafu
The fiasco may hold a valuable lesson for fintechs and banks alike about the need for closer integration. ... Read full article
U.S. banks brace for possible trade war with Mexico
Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures. ... Read full article