BankThink

To help ensure that women are included in digital banking's future, we must reach girls and young women at an earlier age than their college years to equip them with the IT tools they need to succeed in tomorrow's workforce.

Receiving Wide Coverage ...Stumpf leaves: Wells Fargo chairman and CEO John Stumpf announced Wednesday he is retiring immediately, as was widely expected following the bank's phony accounts scandal. "The toppling of Mr. Stumpf, 63 years old and just shy of his 10th year as CEO, marks a stunning comedown for a firm that largely passed through the financial crisis unscathed and which was seen as a reliable Main Street lender," the Wall Street Journal commented.

Mobile wallets check off several boxes on consumers’ payments wish list: ease, convenience and options.

About two-thirds of banks that close branches will lose deposit share in their impacted markets in time. Here's how to prevent customers from leaving your bank.

Institutions should define data "liabilities" and "assets" and represent them in a way that both touts data successes and is transparent about data gaps.

Receiving Wide Coverage ...CFPB loses appeal: A federal appeals court ruled Tuesday that the CFPB's structure, in which an unusual amount of power and autonomy is invested in a single director, is unconstitutional and ordered its powers be curbed. "If it stands, the decision from the U.S. Court of Appeals for the District of Columbia would reduce the agency's independence, empowering the White House to supervise the agency and remove its director, in contrast to the current arrangement where the director's five-year term is intended to outlast a president's," the Wall Street Journal commented. The three-member panel also criticized the enforcement action that led to the court ruling, in which PHH Mortgage was ordered to pay $109 million for allegedly accepting kickbacks from mortgage insurers. The court ordered the agency to reconsider the penalties.

According to recent data, only 21% of retail executives are more confident now than a year ago about their company’s ability to deliver omnichannel services, while 45% said their efforts are not advancing fast enough.

David Weiss, senior analyst at Aite Group, weighs in on the IBM/Promontory deal and how humans and artificial intelligence programs will interact in the field of bank regulatory compliance.

The new prepaid rules make it harder for bad actors to enter the industry while also being broad enough to apply to future digital products.

It's not just millennials who love mobile banking, it's also members who have to move around a lot for their jobs, live or work in a rural area and those who are constantly living on the go.