TD Bank adopts nCino’s digital lending platform
The Canadian bank becomes the largest institution to implement the fintech firm’s Bank Operating System technology. ... Read full article
The Canadian bank becomes the largest institution to implement the fintech firm’s Bank Operating System technology. ... Read full article
Canada's financial consumer watchdog will strengthen its supervisory and enforcement teams, modernize its supervision approach to monitor banks more proactively, and enhance consumer information after reviewing bank sales practices. ... Read full article
Legacy financial firms like the big credit bureau are seeking out financial technology to diversify themselves, bring new products to market faster and meet the needs of global customers. ... Read full article
As it expands to the West Coast, the bank will first target car dealers at which it is already an indirect consumer lender. ... Read full article
The estimated costs of recent digital glitches at BB&T, TD and Wells Fargo are in the hundreds of millions of dollars, but contractual and economic realities make it hard for banks to sue vendors for the money or fall back on insurance policies. ... Read full article
The booming U.S. economy continues to fuel earnings at Toronto-Dominion Bank — and Donald Trump's tax cuts will only make things better. ... Read full article
Relying on data such as income, location and spending habits, bank apps are delivering customized financial advice and tips relevant to the consumer, such as details about local events. ... Read full article
Some Wells Fargo customers on social media Thursday afternoon expressed frustration with not being able to log in to accounts digitally. The San Francisco bank responded in a tweet acknowledging the problem. ... Read full article
Scores of customers have been unable to use digital channels to access accounts for more than a week, and many have taken to social media to voice their displeasure with TD’s response to the outage. The lesson for other banks: Test new platforms, and test ... Read full article
It’s too soon to gauge the true impact of recent tax cuts on loan demand, but anecdotes from bankers suggest that, after months of stagnation, pipelines are filling up again. ... Read full article
Most general counsels are men, but in 2017 women filled more than half of the top legal positions that opened up at large financial firms. The trend is likely to continue as the population of women lawyers swells and banks continue to diversify their ... Read full article
An exclusive look at the Senate's tightly held housing finance plan drew the most interest from readers this week, while TD's foray into AI and the roller coaster at CFPB also dominated attention. ... Read full article
In a move rare for the industry, the bank bought a team of data scientists to bolster its artificial intelligence efforts in areas including product recommendations and fraud prevention. ... Read full article
Banks are increasingly investing in technology that will enable them to deliver highly personal and customized communications with customers. ... Read full article
Commercial customers, including small businesses, seem ready to pay up to shift to faster, more sophisticated electronic invoicing and payments, and enterprising banks that provide them the technology to do so could find it lucrative. ... Read full article
TD Bank's new lab seeks to divine the future of banking. ... Read full article
You might need to call on different strategies to help you advance at each stage of your career, says Linda Verba of TD Bank. ... Read full article
Banks such as Citigroup, Regions and TD have decided they need to offer mobile customers truly customized experiences. They are experimenting with different ways of doing so that come across as helpful without being intrusive. ... Read full article
Efforts to make it easier for smaller businesses to apply for SBA loans, coupled by concerted expansion efforts among key regional and community banks, contributed to the third consecutive record for 7(a) lending. ... Read full article
Executives from across the industry celebrated gender diversity Thursday evening at American Banker’s Most Powerful Women in Banking and Finance dinner in New York. ... Read full article