News Topic: Digital banking

Sandy Spring Bancorp also plans to shrink its network as more customers move to digital channels. ... Read full article

The investments, part of a post-merger effort to wring out more profits, include new commercial and mortgage lending platforms. ... Read full article

The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says. ... Read full article

Todder Moning and Valerie Lancelle, who work in the bank’s innovation group, said they were especially impressed by demos of immersive technology, 5G and ambient computing. ... Read full article

Sigal Zarmi, who took on broader duties this fall, is modernizing the company's technological infrastructure and using reverse mentoring to combat bias in the workplace. ... Read full article

The online lender founded by Renaud Laplanche is now a full-fledged challenger bank that can offer generous checking terms because, it says, it can count on its loans for profits. ... Read full article

Robert Kafafian says he's hearing more MOE chatter now than at any time in his decades-long career as a consultant. He cited smaller banks' need to cut costs, improve tech offerings and compete with bigger lenders. ... Read full article

BBVA’s acquisition of Simple, the first neobank, was closely watched as a possible model for others in the industry. But the shutdown last week of Simple has again stirred a debate about whether upstarts and traditional players can ever fit together. ... Read full article

Felix Todd, formerly of Regions Financial, says "the excitement is authentic" at the New York community development bank, which has a reputation for being both innovative and purpose-driven. ... Read full article

Silvergate and Avanti are among the banks pioneering the incorporation of smart contracts, cryptocurrencies and other cutting-edge instruments into mainstream financial services. ... Read full article

Several consumer advocacy organizations have urged the Office of the Comptroller of the Currency to deny the online lender's application for a national bank charter, citing concerns about its lending and debt-collection practices. ... Read full article

Many consumers started using digital payments out of necessity once the pandemic struck. They may continue as it recedes because they like the convenience. ... Read full article

The pandemic and social unrest made 2020 one of the most challenging years in recent memory, but there is much the industry can learn from the past 12 months. ... Read full article

There’s an alarming gap between how small and large banks view the importance of digital engagement, according to a recent survey by Celent and Arizent. ... Read full article

Moore led development of Bank of America's virtual assistant, Erica, and was American Banker's Digital Banker of the Year in 2017. ... Read full article

dd ... Read full article

The company adds to a growing list of banks shutting branches to invest in technology offerings. ... Read full article

The digital-only bank is running a new promotion in which it will set up and fund, with $250, an online savings account for any baby born on New Year’s Eve. ... Read full article