Digital banking

How First Horizon-Iberiabank bucked trend of canceled bank deals

07/09/20

Several big bank mergers fell apart after the coronavirus hit. But Bryan Jordan, First Horizon's CEO, said the pandemic validated plans to cut costs an invest more in digital upgrades.

[more]

SoFi applies to open a national bank

07/09/20

If it’s approved, the charter is expected to lower the fintech’s cost of funds and allow for more product offerings. It comes nearly three years after SoFi pulled the plug on an earlier effort to open an industrial bank.

[more]

Inside Goldman’s new corporate banking portal

07/08/20

The Wall Street firm is jumping into a market dominated by a handful of big U.S. banks, betting that superior technology can lure companies with complex cash-management needs.

[more]

‘There will be hundreds of fintech failures’

07/06/20

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

[more]

Identity fraud is soaring. Here's how one lender is attacking it.

07/02/20

Axcess Financial is using stronger authentication, studying up on bad actors and planning to use a federal service that automates verification of Social Security numbers.

[more]

What happens if Mastercard and Visa gobble up all the data aggregators?

06/29/20

Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier.

[more]

Wells customers phished, Fed caps dividends, Citi’s new ops chief: Top stories of the week

06/26/20

Wells Fargo customers targeted with phishing attacks using calendar invites; Fed freezes stock buybacks, caps dividends after stress test results; Citigroup names Titi Cole its head of global operations and fraud prevention.

[more]

What BBVA aims for with new mobile app

06/24/20

The company’s U.S. chief executive says the primary goal behind the app it rolled out Wednesday is to help customers improve their financial health and avoid overdrafts.

[more]

Small-business lending: Digital is the new normal

06/23/20

The Paycheck Protection Program put a premium on speed in processing and funding loans.

[more]

Pandemic and protests: How the tumult of 2020 will forever change banking

06/23/20

A global health crisis. Economic free fall. A reckoning over racism and inequality. We will not be the same after this — and neither will banking.

[more]