News Topic: Digital banking

Digit is applying its automated-savings techniques to the growing problem of student loan debt. ... Read full article

Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle. ... Read full article

Startups are increasingly expanding into new areas with their bank partners in an effort to broaden their customer base and bring products to market faster. ... Read full article

Laurie Stewart says a string of bank sales to credit unions supports the case that the latter's tax-exempt status should be eliminated. ... Read full article

Why the Toronto bank is focusing on digital features; complaints about credit monitoring plans flood CFPB; the strategies midsize banks are relying on to stimulate growth; and more from this week’s most-read stories. ... Read full article

Rakefet Russak-Aminoach, who will leave the company at the end of the month, has raised net profit and lowered costs by revamping its technology and culture. ... Read full article

Originally formed to help consumers spot recurring charges, Truebill is adding banking and financial management features to its app. ... Read full article

Outages last week at Chime and Varo Money have executives on the defensive. ... Read full article

Congress should get behind the Fed's effort to launch a real-time payments service instead of getting in its way. ... Read full article

A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week. ... Read full article

U.S. Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision. ... Read full article

Complaints that banks, credit unions and nonbanks compete on an uneven playing field should be heard, just as community banks must take seriously the threats from high-tech rivals, says Julie Stackhouse, a retiring supervision official at the St. Louis ... Read full article

At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong. ... Read full article

Customers of the New Jersey bank will be able to complete applications in minutes and receive funding in as little as one business day. ... Read full article

The Toronto-based bank has hired 1,200 people across five countries in North and South America to focus on digital features. ... Read full article

The service from Evolve Bank & Trust and Branch lets workers access a piece of their next paycheck to meet unexpected expenses. ... Read full article

The payment processor Galileo suffered what it described as an "operational incident" that caused more than 24 hours of outages at the fintechs Chime and Varo Money. ... Read full article

The fintech provides API support to Chime, Varo Money and other challenger banks. ... Read full article