News Topic: Digital banking

The industry needs to establish a clear set of rules and standards so safe and secure financial data access and sharing continues unrestricted. ... Read full article

Bank3 started as a $12 million-asset institution with a single branch, no online banking and a core system that was obsolete. Now it's much more. ... Read full article

Technology is moving at light speed beyond smartphones. To compete in this environment, banks need to zero in on solving for basic human needs. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article

Citigroup plans to close three of its four London branches as the company seeks to cut costs and focus on digital services. ... Read full article

B of A's Cathy Bessant and Michelle Moore have a few suggestions for women who want to advance and RBC's Janice Fukakusa sets a new pay benchmark for female executives. Plus, Bank of the West's Nandita Bakhshi and Citi's Yolande Piazza. ... Read full article

NBT Bancorp has spent the last few years introducing digital banking features intended to reach a broad audience. ... Read full article

Live Oak Bank, known for streamlining the lending process, has turned its attention to fixing its patchwork approach to cybersecurity. ... Read full article

Retail-focused Provident Bank has added an on/off switch that allows customers to suspend their debit cards. A few big banks rolled out similar features last year. ... Read full article

Profit and loss accounting is the least customer-centric process in the entire banking system. Overhauling it would improve banks’ culture and approach to digital banking. ... Read full article

The underbanked rely on mobile access more than online or in-person contact. Therefore, the U.S. must follow developing countries’ leads and let consumers sign up for mobile-only accounts. ... Read full article

Banks are losing wealthier underbanked customers to alternative lenders — an undercurrent that is halting progress in expanding credit access for all. ... Read full article

It may seem counterintuitive, but the rise of digital banking makes human interactions in branches more important than ever. ... Read full article

Many banks and money transmitters have built successful billion-dollar businesses around P-to-P payments without social sharing and letting users send emojis. ... Read full article

Bank of America is revamping its retail network and upgrading its ATMs as it rolls out a new type of branch that bridges the physical and digital worlds. ... Read full article

Yolande Piazza has been serving in the role on an interim basis since Heather Cox left for USAA. ... Read full article

A recent trip to the branch reveals how even the oldest channel fails to understand, let alone, solve customer problems. ... Read full article

The tiny Flagship Bank has made an unusual bet in agreeing to pay 20 times current capital to buy BankMobile, but the same Durbin amendment that prompted Customers Bancorp to sell the unit also made Flagship the ideal buyer. ... Read full article