News Topic: Digital banking

For $29 a month, MoneyLion customers will receive a checking account with no minimum balance requirement and will have access to a large a network of ATMs, as well as low-interest personal loans and financial advice. ... Read full article

Developers will struggle to create apps that can be used seamlessly across institutions unless banks can learn to share programming data in a consistent way. ... Read full article

Readers react to Mick Mulvaney’s proposal to restructure the Consumer Financial Protection Agency, opine on Community Reinvestment Act reform ideas, weigh in on emojis in digital banking and more. ... Read full article

A broad network of financial data, such as utility payments and direct deposits, could help those without established credit histories better obtain loans. It might also help lenders make more accurate underwriting predictions. ... Read full article

Banks that scored high in customer-satisfaction ratings did so for their front-line service, not their tech capabilities, study finds. ... Read full article

Readers react to a drive for more public banks, weigh in the launch of an online-only bank, chime in on what millennials need and more. ... Read full article

The Canadian bank becomes the largest institution to implement the fintech firm’s Bank Operating System technology. ... Read full article

Traditional financial institutions would gain from adopting the innovative, consumer-focused mindset Amazon promotes. Hiring executives away from the e-commerce giant could help. ... Read full article

The field is crowded, but that’s not stopping well-established banks from trying to reach new markets by creating separately branded digital units. ... Read full article

Offering simple financial guidance is a great way for community banks to connect with younger consumers. ... Read full article

There are ways to provide a better consumer experience, even when institutions are looking to settle up on unpaid accounts. ... Read full article

The San Francisco-based online lender reported a net loss of $115 million for 2017, more than half of which was connected to warrants issued in a deal that stabilized the struggling firm. ... Read full article

Governments are studying ways blockchain can safeguard property records and simplify how they get tracked. ... Read full article

Readers react to the Senate regulatory relief bill, weigh in on the Consumer Financial Protection Bureau’s innovation initiative, chime in on whether banks need to provide more value in a digital age and more. ... Read full article

Small institutions need to rethink their approach to younger employees, giving them more opportunities and responsibilities — and borrowing from their digital know-how. ... Read full article

The bank will enable customers to access its 2,500 ATMs via mobile banking. ... Read full article

Banks need to figure out how to provide more value to customers or nonbank financial services companies could displace them. ... Read full article

The Consumer Financial Protection Bureau's “Project Catalyst,” launched six years ago to help fintech companies navigate regulations, has failed to deliver. ... Read full article