News Topic: Digital banking

Using software from Eastern Bank spinoff Numerated, Bremer Bank says it will be able to approve automated loans to farmers within a minute. ... Read full article

The app allows customers to pick and choose the right private banker for them. ... Read full article

Some are relying on a national, digital strategy. Others say the right balance of costs and growth comes from more traditional means such as targeted branch openings and out-of-market expansion. ... Read full article

Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC. ... Read full article

Dawn Morris, formerly of Webster Financial, will also oversee marketing and customer experience. ... Read full article

Acquiring fintechs can be a smart way for banks to access needed tech talent, but they must be careful not to stifle innovation in the merger. ... Read full article

Online maintenance caused the outage, the second time this year a glitch has caused problems for TD customers. ... Read full article

Readers weigh in on bank overdraft policies, react to megabank capital standards, respond to Sen. Heidi Heitkamp's tough re-election bid and more. ... Read full article

Financial institutions need to ask more direct questions about when — if ever — their existing customers like to use mobile banking and when they want human help. ... Read full article

Digital banks dispute the notion that they can skimp on customer service because millennials are only shopping for low fees and high savings rates. ... Read full article

Banks should update their online and mobile applications — bigger font sizes, perhaps — to ensure their offerings are accessible to older customers. ... Read full article

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial. ... Read full article

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank. ... Read full article

The online lender’s president, Steve Allocca, shares how the company weathered scandal and hints at future plans to grow its product set. ... Read full article

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself. ... Read full article

The Delaware plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels. ... Read full article

The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced. ... Read full article

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally. ... Read full article