Tanaya Macheel

NCR, which is primarily known for its ATMs and point of sale hardware, is taking more steps into digital banking.

Citi will join Early Warning's clearXchange, giving the bank-operated digital transfer network a boost as it takes on apps like PayPal’s Venmo.

Citi will join Early Warning's clearXchange, giving the bank-operated digital transfer network a boost as it takes on apps like PayPal’s Venmo.

Though the IBM survey did not include any credit unions, the industry has been monitoring this trend for some time and will bet keeping a close watch on the banks' experience with this technology.

For banks eyeing blockchain technology, 2016 has been the year of tests, trials and proofs of concept. By this time next year, however, some 15% of them could be running blockchain solutions in the wild, according to research by IBM.

JPMorgan Chase's Thasunda Duckett has been named chief executive officer of consumer banking as part of one of the bank's periodic management reshufflings.

Nine global banks are testing blockchain and smart contract technologies to see if they can improve the syndicated loan market.

Earthport has signed a Memorandum of Understanding with SECB Swiss Euro Clearing Bank to provide foreign payments services.

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.

Global payments activity should grow at an average annual rate of 5% between now and 2020, to $2.1 trillion, according to the latest McKinsey report. But the continuing success of this trend will depend on how well banks adapt to the digital transformation and capitalize on the opportunities it offers for revenue growth.

Six global banks have formed a standards-setting group for using distributed ledger technology developed by Ripple.

Payza, the online payment gateway, is launching direct credit card processing to online businesses and merchants in Europe.

IBM and UnionPay, China’s transfer, settlement and clearing network, have created a client-focused business platform on which banks can integrate and share reward points programs.

We haven't heard from Carrie Tolstedt yet, but she has been in the spotlight all week, as seemingly everyone wants an explanation from Wells Fargo. JPMorgan Chase puts even more focus on digital channels, and Politico has a piece on the opportunities fintech offers women, especially female bankers, with a caveat. Also, the B of A bros' club suit has been settled.

The Clearing House has selected hardware from IBM to help build the real-time payments system scheduled to roll out in 2017.

JPMorgan Chase has made an equity investment of an undisclosed size in InvestCloud, a startup that provides cloud-based software to the securities industry.

Swift is taking another step to protect the payment system following a multimillion-dollar cybertheft early in the year.

Swift is taking another step to protect the payment system following a multimillion-dollar cybertheft early in the year.

Digital has been seen as the death knell of branches, but banks like JPMorgan, B of A and UMB are among those making the case that branches can still set banks apart from rivals provided they get leaner and offer customers a blend of tech support and financial expertise.

Washington is hopping with news this time around. It's been a blistering week for Wells Fargo, and Maxine Waters, Carolyn Maloney and Elizabeth Warren are among those using scathing rhetoric about the bank to try to kill Dodd-Frank reform efforts. Speculation is that both presidential candidates are looking to Silicon Valley to fill key posts in their administration, and talk of Sheryl Sandberg as Treasury Secretary is growing louder. Also, check out the "amplification" strategy women in the White House are using to help their voices get heard at important meetings.