The industry trade group said Rakuten's nonfinancial activities raise questions about its pursuit of a banking charter.

Byline Bancorp is in discussions to buy Parkway Bank and Trust, according to a local publication.

Record oil production has lenders contemplating acquisitions in the region.

Thanks to its newly started bank, Ameriprise's 10,000 financial advisers will soon start offering direct services like deposits and mortgages.

Most agencies use electronic benefit transfer to deliver funds to prepaid cards, but recipients who need access to cash are often caught in a bind, with fewer convenient or free ATMs available in an increasingly digital payments landscape.

First Financial Banc will gain nearly $300 million in liquidity when it acquires First National Corp. of Wynne.

Top technology innovations in digital banking you need to see

The company will also gain deposits and loans from its deal with Republic Bancorp.

Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles.

One credit union's launch of a financial wellness app aims to utilize behavioral research to better resonate with how consumers today use mobile applications.