News Topic: Digital banking

During the firm's earnings conference call, Chairman and CEO David Solomon attempted to reassure investors about the costs of Marcus, declining to say when the investment bank might break even on the initiative. ... Read full article

CEO Michael Corbat said he “wouldn’t rule out” building branches to keep the momentum going. ... Read full article

The bank is providing a point-of-sale loan to women seeking IVF treatments and getting funds to clinics, in some cases, within 24 hours. ... Read full article

Community banks and credit unions are eager to innovate, but technology upgrades must be done first, says Bruce Lowthers, FIS banking solutions president. ... Read full article

Two new surveys have found that most consumers would prefer to stash their cash in traditional banks. But there's one group of savers who would be very comfortable opening accounts with tech giants if given the opportunity. ... Read full article

Majority, which will launch nationwide later this quarter, will use networks of immigrants to sell a mobile phone-based account that features unlimited remittances and international calling services. ... Read full article

Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan. ... Read full article

The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target. ... Read full article

Futurist Lex Sokolin believes buying banking products will be like buying generic pain relievers on Amazon. ... Read full article

Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States. ... Read full article

Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present. ... Read full article

The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years." ... Read full article

A combination of mutual and clashing interests has driven many players — big banks, community banks, credit unions and fintechs — to offer high-interest, digital-only savings and checking. ... Read full article

Many community banks are launching digital banks, more aggressively courting younger customers and abandoning the idea that only primary banking relationships are worthwhile. ... Read full article

It's the latest move by Radius to extend its banking-as-a-service offering to fintech partners. ... Read full article

Surety's first online bank, booyah, is aimed at college students and young grads. ... Read full article

Adoption of money management instruments offered by banks remains low. One expert explains why. ... Read full article

The app, which started with mobile gaming, will now integrate itself with some of the most popular video games on the market such as Fortnite. ... Read full article