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Banks are generally reluctant to let industry entrants run their infrastructure, and few fintechs dare try. Enfuce, which was founded by local industry veterans, bucks the trend.

U.K. consumer spending growth slowed in November as concerns about Brexit prompted households to become more cautious with their cash.

The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials.

Many credit unions have resumed normal operations, but some institutions locations in nearby Eagle River, closer to the epicenter, need more recovery time.

Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.

This will be the 10th consecutive special patronage dividend that the Ohio institution has paid out to members.

Bluefin Payment Systems is rolling out a service to simplify compliance tasks for merchants that have adopted point-to-point encryption (P2PE) services to protect card data at every stage of the transaction.

Premium loyalty is about brands and customers committing to each other from the start. It’s about brands aligning with their customers and giving upfront, according to Tom Caporaso, CEO of Clarus Commerce.

An internal agency analysis says changing the name of the bureau to the BCFP, as Mulvaney wants, could cost banks, credit unions and mortgage firms $300 million. It doesn’t have to be this way.

The Anchorage-based institution said its decision to enter the pot banking space was driven partly by public-safety concerns in a cash-based industry.