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Small Banks Count on Tech as Equalizer in Student Lending
The private student loan market is dominated by large players, but some community banks are turning to a third-party tech company to help them get in the game.

THE LATEST

Simple Introduces Digital Joint Account (Not Just for Couples)
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Citi Gives ClearXchange's Bank P-to-P Network a Boost
04:59 ET
First Internet Raises Another $25M to Support Rapid Growth
03:30 ET
Banks Will Start Actually Using Blockchain Next Year: IBM Report
05:30 ET
Swift Announces Further Anti-Fraud Measures
05:24 ET

Features

IBM Buying Promontory Clinches It: Regtech Is Real
Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.
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Law & Regulation
National/Regional

USAA Takes a Deeper Dive into Virtual Assistance
USAA has expanded its voice-controlled digital assistant to PC users. The move is just another example of how banks are increasingly relying on bots to help serve their clients.
Comments (1)

Can AI Be Programmed to Make Fair Lending Decisions?
Lenders are starting to bring artificial intelligence into their lending processes. Some wonder whether the machines can make rational, unbiased choices.
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Consumer Finance

B of A's Cathy Bessant Helps Create a Technology Badge for Girl Scouts
A lot of what Cathy Bessant knows about directing a team can be traced back to her days as patrol leader of her Girl Scouts troop.
Community Banking
National/Regional

JPM Hires Moven Co-Founder Alex Sion as Banking, Fintech Converge
The move is an example of how banks are looking to fintech entrepreneurs to bring innovation in, and it illustrates the emphasis and importance banks are putting on their mobile channels.
National/Regional

Seven Ways Yahoo's 500M-User Data Breach Affects Banks
Yahoo says no bank account or card data has been compromised in its massive data breach. Yet hackers could use their ill-gotten personal information about customers to mess with bank accounts.
Comments (1)

Armed with IPO Cash, Mass. Thrift Seeks Digital Revamp
Randolph Bancorp raised $57 million in a mutual-to-stock conversion and is using the proceeds to both fund acquisitions — it closed its first-ever deal in July — and dramatically improve its digital capabilities.
Community Banking
Dealmaking & Strategy

Unexpected Champion of Public Clouds: JPMorgan CIO Dana Deasy
JPMorgan Chase is shifting its IT organization to private and public cloud computing. The motivation is not just saving money — on the contrary, CIO Dana Deasy vows the IT budget will not shrink. Rather, the main goals are saving developers' time, redirecting resources away from basic infrastructure and toward innovation and working with fintech startups.

Same-Day ACH's First Phase Gives Banks a Platform, Not a Silver Bullet
Starting Friday, all U.S. banks should be able to receive same-day payments. But by itself, same-day speed may not be enough to meet the demands of an increasingly digital world.
Consumer Finance

McHenry Bill Would Create Regulatory 'On-Ramp' for Fintech Firms
Federal regulators are not moving fast enough on fintech, prompting Rep. Patrick McHenry to introduce a bill designed to give them a push.
Marketplace Lending
Law & Regulation
See all Bank Technology
Disruptors
'Nonbank Attackers' Could Eat Banks' Lunch in Payments: McKinsey
Financial institutions must act on the "urgent and fundamental" need to transform the correspondent banking system, the consulting firm said in an annual report on global payments.  read more »

GALLERIES

8 Things Apple Pay Left Out
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Apple's long-anticipated move into mobile payments seemed to cover all the bases -- Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

(Image: Bloomberg News)

Multimedia
Why Brexit Is Bad News for Fintech in London
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