News Topic: Digital banking

While executives at the Buffalo, N.Y., bank said they would take a closer look at spending, especially given the potential for interest rate cuts, they described investments in tech talent as an essential cost of doing business. ... Read full article

The challenger bank startup will use the new cash to double its U.S. headcount. ... Read full article

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins. ... Read full article

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow. ... Read full article

It's created a new digital assets and distributed ledger group, trades bitcoin futures and is funding a crypto exchange. ... Read full article

The Memphis, Tenn., regional will explore the use of voice assistants as part of its digital banking push. ... Read full article

Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more. ... Read full article

The neobank, which has 3.5 million European customers, is starting with fee-free checking, a debit card and real-time transactions. It's part of a wave of competition arriving from overseas. ... Read full article

Radius Bank in Boston is adding insurers, personal loan providers and wealth management to its platform, copying a playbook popularized in Europe. ... Read full article

The company has created GoFundMe-like pages for users to petition friends and family to help them pay the charges assessed by banks. ... Read full article

Pierre Habis, president of PurePoint Financial, explains how the digital bank and small network of paperless branches are meeting consumers’ needs. ... Read full article

Community banks need to focus more on how their employees talk about the bank and less on new competition moving in. ... Read full article

Quontic Bank CEO Steven Schnall wants to turbocharge deposit growth by mimicking the strategies of big digital banks so his community development financial institution can become a much larger mortgage lender. ... Read full article

The rush to hold hearings in both the House and the Senate reflects broad skepticism across the political spectrum about the social network's plan to develop an alternative payment system. ... Read full article

Other banks say they need to add branches to attract more deposits, but Capital One is sticking to its strategy of aggressively closing them and gathering the bulk of new deposits online. ... Read full article

Banks clear both rounds of stress tests (though two of them needed a do-over); BNY Mellon goes all-in on digital; bank industry struggles to stop slide in latest reputation survey; and more from this week's most-read stories. ... Read full article

CEO David Solomon said that Goldman is “absolutely’’ looking at digital currencies and conducting “extensive research’’ on tokenization. ... Read full article

Among other things, Kai, the insurance firm's AI assistant, will tell customers how to avoid the bank's monthly fee. ... Read full article