Google checking accounts, debt collection tech, PPP loan sell-off: Top stories of the week


Why banks want in on Google checking accounts; readying new tech tools to tackle anticipated rise in delinquencies; more institutions opt to sell PPP loans as heavy lifting nears; and more from this week’s most-read stories.


Google checking accounts: Why banks want in


The marketing and tech-sharing opportunities for Google's eight financial institution partners are captivating despite the risk of data privacy or other issues cropping up down the road.


Google teams with more banks in offering digital accounts


Five banks, including BBVA USA and BMO Harris Bank, and one credit union will begin offering Google-branded bank accounts in 2021.


Google adds security layer to its cloud offering


JPMorgan Chase is one financial institution that plans to test Google Cloud’s new Confidential Computing product.


Problem for reopening branches: Does Google know when you’re open?


Customers are turning to search engines and business portals to find out if their bank is open before checking the bank’s own website. Maintaining accurate information across the web has become even more important during the pandemic.


Even with FDIC endorsement, fintechs' path to becoming banks is bumpy


Recent steps that would help nonbank lenders enter the traditional banking system, like a proposal clarifying the industrial loan company charter, are needed but face strong opposition.


Why Samsung is following Apple, Google into consumer banking


In announcing its plan to offer a deposit account and debit card in partnership with SoFi, the mobile phone maker suggested that the coronavirus pandemic will accelerate consumers’ adoption of contactless payments.


Turning up the volume on Alexa


Consumer response to banking by smart speaker has been underwhelming. But a handful of financial institutions keep plugging away in hopes customers warm to the advantages of verbal commands instead of pushing buttons.


Banks' big tech spending is testing shareholders' patience


Investors think the billions being shelled out to keep up with the likes of Amazon might be better spent elsewhere.


Banks best Big Tech on trust, but not much else


Silicon Valley giants are better innovators, software developers and data managers, but banks' inherent advantages shouldn't be discounted, says Sonny Singh, a senior vice president at Oracle.