Ken Montgomery, who is heading up the Federal Reserve's faster payments network, says the agency is taking an incremental approach to launching the service. ... Read full article
To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates. ... Read full article
Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules. ... Read full article
A view on whether or not each job can be done remotely is part of a holistic view as to how Payrailz is trying to grow its workforce. Currently, about two-thirds of the staff works remotely. ... Read full article
Companies that scored highest in this year’s Best Fintechs to Work For ranking go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data. ... Read full article
The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime. ... Read full article
The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys. ... Read full article
Banks would be allowed to own stakes in venture capital funds; the combined BB&T-SunTrust isn’t realizing cost savings as fast as it projected. ... Read full article
The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments. ... Read full article
The acquisition will vastly expand Visa's platform, giving it nearly Amazon-like influence. ... Read full article
Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks. ... Read full article
A seasoned investor in startups offers his top predictions for the coming decade. Among them: Big tech firms will become big players in financial services. ... Read full article
The Federal Reserve is investigating what may have caused delays in the processing of ACH transactions that began late Wednesday and continued into Thursday morning. ... Read full article
The plan would increase lending and transparency, the regulators say; the company says the rule unfairly lumps together digital wallets and prepaid cards. ... Read full article
Banks are increasingly sharing data and must brace for new regulations protecting that data. ... Read full article
Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet. ... Read full article
Avid Modjtabai, who runs Wells Fargo's payments and technology innovation unit, is leaving the firm as new Chief Executive Officer Charlie Scharf continues to shake up top management. ... Read full article
Fed governor again calls for using the countercyclical buffer at banks; bank borrowing from Fed on pace for lowest total ever. ... Read full article
Goldman may abandon its revenue goal; in an attempt to boost revenue, Credit Suisse picks new leaders for its investment banking and capital markets unit. ... Read full article
China dominates the business. Facebook's proposed cryptocurrency could help alter the balance of power. ... Read full article
