News Topic: Digital banking

The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces. ... Read full article

President Trump’s order on “core principles” for financial regulation is succinct and instructive, but interpreting it is difficult when comparing it to more informal statements from Trump and his aides. ... Read full article

The Spanish bank said it will continue to be Atom’s main strategic investor and keep two seats on its board. ... Read full article

The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance. ... Read full article

Problems with Amazon's cloud computing services caused major disruption across the Web on Tuesday, but Capital One says it cloud strategy kept things smooth there. ... Read full article

It is a fallacy that customers respond only to monetary rewards. Banks should use psychological rewards to drive digital product sales just as popular mobile apps do. ... Read full article

Capital One co-founder Nigel Morris discusses how his venture capital firm, QED Investors, helps banks and fintechs better understand each other. ... Read full article

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company ... Read full article

A core processing startup gets $16 million and a U.K. challenger bank raises $27.6 million. ... Read full article

MUFG Union Bank is launching PurePoint Financial, a largely online savings bank that will still offer opportunities for face-to-face interaction. ... Read full article

The U.K. challenger bank will reportedly bring the singer on as a brand ambassador, with an option to acquire a stake in the company ... Read full article

The temptation for banks these days is to digitize as much as possible, but that generally results in spending a lot and doing nothing really well. Picking one of these three business models can help banks choose technology best suited to add value and ... Read full article

After recording a $35.9 million quarterly loss, the online small-business lender said that it plans to reduce its annual expenses by $20 million, cut 11% of its staff and more than double its loan-loss provision from a year earlier. ... Read full article

JPMorgan Chase has partnered with the fintech firm Roostify to build a digital self-service mortgage platform. ... Read full article

Bond Street targets small businesses that might be able to qualify for a bank loan but are looking for a faster and easier approval process. ... Read full article

The risk, complexity and psychological biases related to financial products make them ill-suited for push-based selling tactics. Instead, banks should use their digital channels to help customers decide what they want. ... Read full article

The San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million. ... Read full article

EQ Bank, BankMobile and solarisBank offer insights to how they built their digital-only banks with design thinking, new products and money management tools. ... Read full article