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While the gig economy has become more prevalent in recent years, the traditional banking market has provided few innovations for tackling the various payment-related challenges faced by businesses which utilise these workers.

Coordinated, shared identity verification and management is certainly attractive, but there is also tremendous risk and potential liability issues, according to Sunil Madhu, founder and chief strategy officer for Socure.

Bank portfolios are chock full of loans to industries — think agriculture, tourism, real estate and energy — that could be particularly hard hit by warming temperatures. Some large banks are engaging in "scenario analysis" to mitigate the risk.

The year featured executive shake-ups at the top of several of the industry’s largest institutions.

Banks need to stake out a presence on platforms that have nothing to do with banking.

A partnership between the mobile carrier and BankMobile could help stripped-down banking and deposit transfer services find a footing among U.S. customers.

Chartway Federal Credit Union now has roughly $2.2 billion in assets and more than 190,000 members.

As the federal budget dispute shoves an increasing number of government workers to the sidelines, there’s a window to provide payments relief that’s superior to options such as payday lending and bartering.

The Sidney, Mont.-based institution distributed the payments earlier this week.