The Latest

The latest World Council of Credit Unions project in the Caribbean will see the island nation working alongside Indiana CUs to share best practices, strategic initiatives and more.

The proposed combination of Sharon Credit Union and Crescent Credit Union still needs approval from regulators and members.

Fifth Third bought MB Financial in the quarter and benefited from increases in corporate banking revenues and a slight improvement in credit quality.

Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyberattacks and data encryption.

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."

The information you need to start your day, from PaymentsSource and around the Web. Today: Sony's new ride sharing app; bitcoin advances for debit and e-commerce; eBay may invest in Paytm Mall; Washington Caps add Alipay.

Credit unions have measures in place to assist members hit by fraud but many smaller institutions are challenged when it comes to an effective response.

As banks continue to invest heavily in developing mobile and web-based services for personal and business accounts, investments, money transfers, micro loans and peer-to-peer payments to make the customer experience as seamless as possible, they cannot afford to let compliance efforts lag, writes Sam Abadir, vice president of industry solutions for Lockpath.

The Eastern Caribbean Central Bank plans to launch a pilot in 2020 of a blockchain-based digital version of the Eastern Caribbean dollar. This marks the first time that a central bank will have issued digital legal tender using the blockchain.