The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills.

Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm.

Banks must remain accountable for their use of artificial intelligence by continuing to employ a level of human oversight.

The Financial Stability Oversight Council first wanted to target individual nonbanks that are economically risky. Now it wants to target activities instead. Is that a good idea or a political ploy?

Plinqit, led by a former banker, was developed specifically for community banks as a way to appeal to young customers.

Departments across large institutions remain siloed, which leads to poor customer service. Fintechs are poised to take business from unhappy consumers unless banks address this problem.

The Atlanta company reported a first-quarter revenue increase of 22%, and it has established a more aggressive target for the full year.

The investment money’s flowing into fintech that’s flexible and broad enough to build a bridge between issuers and merchants. For PayU’s investment wing, that’s a $500 million blanket covering cross-border commerce, open tools and markets in dire need of a digital revolution.

In his first extensive interview since taking the job this year, Javier Rodriguez Soler talks about banking as a service, how to keep customers happy and where he sees AI and other tech innovations heading.

New initiatives could give a boost to an already widely charitable industry, but fickle consumers and uncertain economic waters could prove a challenge.