Paul Schaus

Recent steps that would help nonbank lenders enter the traditional banking system, like a proposal clarifying the industrial loan company charter, are needed but face strong opposition.

The game has changed and bank executives will have to do more homework before striking a deal.

Banks are increasingly sharing data and must brace for new regulations protecting that data.

Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough.

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers.

As branches in remote areas disappear, banks run the risk of losing business to fintechs.

Community and regional institutions' survival could hinge on their ability to access large troves of data.

There are important considerations for financial institutions to bear in mind as they build relationships with the likes of Apple and Google.

There are important considerations for financial institutions to bear in mind as they build relationships with the likes of Apple and Google.

Community and regional banks may not be able to outspend their larger rivals, but they can be more nimble in implementing the necessary culture change.

As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services.

As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services.

As banks begin to use artificial intelligence in their businesses, they’ll need to consider the potential for bias as well as the impact new technologies will have on workers.

Traditional institutions shouldn’t just develop stand-alone online banks on top of existing infrastructure. They’d be best served building these “parallel” banks from the ground up.

Financial institutions need to adapt their offerings to meet the preferences of these young consumers or they risk losing ground to fintechs and other nontraditional players.

Acquiring fintechs can be a smart way for banks to access needed tech talent, but they must be careful not to stifle innovation in the merger.

Acquiring fintechs can be a smart way for banks to access needed tech talent, but they must be careful not to stifle innovation in the merger.

To compete with fintech startups, banks need to find more ways to use the mountains of data already at their disposal.

To compete with fintech startups, banks need to find more ways to use the mountains of data already at their disposal.

Banks and credit unions are sharing more information with third parties these days, but they need to be cautious about it.