Technology

PayPal's expansion plans; Deutsche pays for FX issues

06/21/18

The payments company said it plans to spend $1 billion to $3 billion a year on acquisitions; NYS fines bank $205 million.

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SIFIs slip; B of A Merrill settles securities charges

06/13/18

Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.

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Data aggregator MX hires Bain exec as COO

06/12/18

Veteran venture capitalist Ben Holzman is joining the data aggregator as its new chief operating officer.

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Sales problems go beyond Wells; Technology vs. establishment

06/06/18

The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention.

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Citizens outage knocks out online, mobile banking for customers

05/30/18

Customers at the Providence, R.I., company were unable to access their accounts, due to what a spokesman described as a "technical issue."

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Banks are sitting ducks for ADA lawsuits

05/21/18

Several dozen banks have been accused of operating websites that violate the Americans with Disabilities Act. Here’s why trial lawyers are targeting them and are expected to sue more.

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Benefits of beta: Small banks look past risk in pairing with startups

05/18/18

While working with new fintechs carries some risk, it can also provide community banks with an affordable way to upgrade products and technology.

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Goldman expands consumer push; HSBC’s blockchain first

05/14/18

Marcus unit will start taking deposits in the U.K. next month; the bank uses the technology to complete a trade finance letter of credit for Cargill.

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Wells directors reelected; CFPB wants to close complaint database

04/25/18

All 12 directors win nearly 90% of the vote, as does long-time auditor KPMG; Mulvaney says records haven’t been vetted by the agency and shouldn’t be released.

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‘Don’t let the bastards get you down’: Cam Fine says goodbye to D.C.

04/18/18

The outgoing head of the ICBA reflects on how technology and partisan politics have changed policymaking over the past 15 years.

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