With millions of Alexa and Google Home devices now in use, first-mover banks are rapidly developing services to let customers control their finances using only their voice — even if there are still many kinks to work out. ... Read full article
Online banks have been aggressively raising the rates they pay on consumer deposits, and that is forcing mainstream banks to consider following suit or risk losing valuable deposits to their more nimble competitors. ... Read full article
Brett Pitts joins from Wells Fargo, where he most recently was executive vice president and group head of digital. ... Read full article
As consumers’ personal information is compromised almost daily, hackers are increasingly targeting banks. ... Read full article
In mid-2015, several thousand banks registered for dot-bank domains. More than two years later, only a few hundred have converted. ... Read full article
Dinesh Chopra is online bank's first-ever chief strategy officer. ... Read full article
Add MUFG Union to the roster of traditional banks launching a digital division that aims to grab deposits. PurePoint is going up against some more established competitors who are evolving their strategies. ... Read full article
Community banks are spending on technology to expand without having to build new branches. ... Read full article
Letting employees decide when they get paid through a mobile app that connects to a bank's prepaid card can serve the same purpose as a payday loan but cost the consumer less. ... Read full article
Cort O’Haver, the successor to Ray Davies at Umpqua, has a plan to preserve human relationships in mobile and online banking. ... Read full article
Catering to young clients, Finn by Chase blends instant account access, emojis and PFM tools. ... Read full article
Stash is the latest young fintech to pair debit and savings products with financial advice as it competes for millennial clients. ... Read full article
With issuance of marketplace securitizations now exploding — rising 300% cumulatively in the past two years — the idea of online lending as a niche is quickly deteriorating. ... Read full article
Rep. Patrick McHenry, R-N.C., plans to reintroduce legislation requiring the IRS to fast-track income verification, which proponents say could reduce the financial industry's dependence on credit bureaus. ... Read full article
Acting Comptroller of the Currency Keith Noreika on Monday gave a ringing endorsement to online lenders seeking to expand into banking, suggesting they should consider taking deposits and seek out national bank charters as they mature. ... Read full article
The online bank will consolidate all of its Charlotte-area employees into a new office tower, but its headquarters will remain in Detroit. ... Read full article
First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says its decision has paid off. ... Read full article
It is reasonable to rethink the role of state usury laws in national credit markets, but there should not be any erosion of consumer protections. ... Read full article
Online lending platform Kabbage announced Thursday it has raised $250 million from Japanese telecom giant SoftBank, marking its largest equity fundraising round to date. ... Read full article
Dan O'Malley, who until very recently ran the fintech incubator at Eastern Bank (and before that was at Capital One), now has a startup called Numerated Growth Technologies and software that he says can process loans in five minutes. ... Read full article
