Consumer Finance

The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.

Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.

Because open banking models rely on the combination of usernames and passwords to identify customers, those who don't bank online are left out. The technology exists to solve that problem.

Peoples Bancorp, which has been hovering just below a key regulatory threshold, plans to get to $14 billion of assets with its planned acquisition of Maryland-based Capital Bancorp.

The federal banking agency has conditionally approved Mission Lane's request for a limited-purpose credit card bank charter.

An FDIC plan to help community banks evaluate potential fintech partners is valuable, as far as it goes. But it cannot account for the unique and specific risks that arise when two companies operate in partnership.

In the age of artificial intelligence and digitization, banks run the risk of looking homogenous. The differentiator will always be the willingness of bankers to work to engage with customers and communities.

There are several options for smaller banks, including working with an agent bank, according to payment experts.

The sixth bank failure this year shows that even as the industry overall is very profitable, there are pressures on a lot of banks that aren't the biggest.