Citizens to launch online-only bank in bid to boost deposits

05/14/18

The Providence, R.I., company said that Citizens Access will open for business nationwide next quarter.

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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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AI job threat, the undying branch, Mulvaney's politicos: Top stories of the week

05/11/18

Artificial intelligence will reshape the job landscape at banks; people still want to open accounts at a branch; Mick Mulvaney stacks CFPB bench with political appointees; and more from this week's most-read stories.

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Weakest link in Fincen's AML rule? Bank customers

05/11/18

A long-anticipated financial rule could help law enforcement root out illegal activity, but it requires banks to keep extra-close tabs on certain business clients. That won't be easy.

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The one area where banks and fintechs want more regulation

05/11/18

As more consumer data is shared across banks, fintechs and data aggregators, the industry is asking for regulators to step in with better guidance.

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What banks can do to avoid drowning in data

05/11/18

It can be difficult for financial services companies to glean customer insights from the abundance of information they have.

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Wells can only ditch growth cap with Fed board vote: Powell

05/11/18

Fed Chair Jerome Powell said Thursday that the central bank's board of governors will take a vote before Wells Fargo is ultimately released from its growth restriction mandate, a decision that had previously been left up to staff.

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Where Bank of America uses AI, and where its worries lie

05/11/18

The bank is using AI in its chatbot, in trading and other areas. It also has concerns about the potential for bias to creep into the software.

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Wells Fargo's Sloan says don’t believe the negative headlines. Really?

05/11/18

The misplaced criticism of the media may be a sign that Wells Fargo CEO Tim Sloan still doesn't recognize the true extent of the bank’s problems.

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Will Wells Fargo hurt Zelle by improving on it?

05/11/18

The irony of the explosive growth of mobile P2P is this: As consumers get more comfortable with paying one another through mobile devices, they're thinking of P2P less as a service that one should find within a bank's app.

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