Finance

The New York-based credit union has returned more than $7.6 million to members since 2003.

MyBucks and its New Finance Bank subsidiary have opened 4,200 digital banking accounts and provided 72 loans at a Malawi branch said to be the first of its kind in a refugee camp.

If the predictions prove correct, the benchmark rate would reach 3.50% by the end of next year.

Record bank profits could make it tougher to get more regulatory relief; banks monitoring older clients’ mental health.

Ron Quaranta and Steve Ehrlich with the Wall Street Blockchain Alliance talk about what’s working and what’s not with financial services blockchain projects.

SoftBank Group Corp.’s Vision Fund will invest $2 billion in South Korea’s Coupang, giving the e-commerce giant funds to accelerate development of new shopping and delivery services.

Banks earned $62 billion in the third quarter thanks to tax reform and higher asset yields, while the Deposit Insurance Fund crossed a statutory threshold.

Earlier this year Ripple announced that it has dedicated $50 million toward the University Blockchain Research Initiative, partnering Ripple with 17 universities around the globe from the U.K. to Brazil, with the aim of accelerating new innovations in blockchain and cryptocurrencies.

Andrew Keys, co-founder of the venture capital firm ConsenSys Capital, has a vision of the future bankers might find chilling, in which banks and other middlemen are cut out of financial services.

Seeking a stronger foothold in the growing India payments landscape, Visa has made a minority investment in digital payments platform BillDesk.

The end of one-party rule in Washington could move the needle on efforts to devise a new housing finance framework.

A new partnership from one of Silicon Valley’s biggest credit unions aims to offer additional lifestyle perks to members.

The Omidyar Network has invested in five challenger banks. Tilman Ehrbeck, who is leading its financial inclusion efforts, says the firm will invest more in apps for gig workers and retirees next year.

Credit unions are well positioned to serve small businesses, but they'll lose that opportunity if they're not adequately protecting those members' cash flow.

Acorns Grow Inc. is in talks with investors for a new funding round that would give it a valuation north of $700 million, according to people familiar with the matter.

Kekaha CU will keep its brand identity following the merger, operating as "a division of Aloha Pacific Federal Credit Union."

This week's plunge in bitcoin's value highlights one of the biggest concerns in using the cryptocurrency for payment. Stablecoins, which are pegged to traditional currency such as the U.S. dollar or a precious metal, are seen as a much less risky investment.

New Valley Bank & Trust is set to become the state’s first new bank since 2008.

The Spanish bank’s investment arm, Propel, is jointly working with the venture capital firm Anthemis Group to find promising startups.

Gas Pos, which markets a solution for petroleum operators to convert to EMV payment technology at the pump, has raised $1 million in funding from a Silicon Valley venture capital firm.