News Topic: Digital banking

Some banks are experimenting with virtual assistants that, going beyond the routine tasks they perform today, could offer investment advice or make mortgage loans 24/7. But will they ever be able to talk a nervous client through a market crash? ... Read full article

Today a money management app, tomorrow — if all goes according to plan — a portal to all one's accounts. ... Read full article

Dubbed Intelligent Receivables and created in partnership with a fintech company called HighRadius, the service seeks to help companies match incoming payments with invoices. ... Read full article

Business customers are demanding technology that's as good as what they use in their personal lives. ... Read full article

Pivotus, the software business run by the bank’s former CEO, collaborates with financial institutions from Australia to the Netherlands. ... Read full article

While banks know they must develop and launch new tools that are useful, convenient and intuitive, figuring out which tools meet that objective and employing them often seems out of reach. ... Read full article

Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest. ... Read full article

When Apple or Google releases a new version of its operating system, banks are forced to respond by updating their mobile apps—running just to stay in place. Next month's release from Apple is especially challenging. ... Read full article

The $2.6 trillion-asset bank's recent commitment to digital lending augurs the development of a two-tier market for borrowers who want fast access to cash. ... Read full article

Banks are being pushed into the background of popular digital experiences. But they can reappear on interfaces that customers use daily by doubling down on financial wellness efforts. ... Read full article

Sam Maule is set to head up North America expansion for 11:FS. ... Read full article

The online lender said it is on track to hit its goal of becoming profitable by yearend. It also extended a partnership agreement with JPMorgan Chase. ... Read full article

The online consumer lender reported a net loss of $25.4 million, bringing its red ink in the five most recent quarterly reports to more than $200 million. ... Read full article

The tie-up comes as banks put more resources into helping customers manage their finances digitally. ... Read full article

Customers can ask Amazon’s virtual assistant about account balances, spending habits and financial questions that they may be too embarrassed to ask a human. ... Read full article

Readers react to the CFPB’s final arbitration rule, a new potential hurdle for initial coin offerings, a housing finance reform proposal and more. ... Read full article

Through the partnership, Clarity Money customers can use Acorns’ automated investing features, while Acorns users can see a snapshot of their investing activity in the Clarity app. ... Read full article

Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat. ... Read full article