Policymakers need to update banking regulations to minimize the risks posed by technology companies entering financial services, a well-known policy analyst says in a new paper.

The bureau’s updated no-action-letter policy and “product sandbox” proposal are important steps in helping the industry adapt during this period of rapid change.

Biometric technology adoption is on the rise, meaning credit unions need to think about how to utilize this for both members and employees.

One solution would be to move to infrastructures where card issuers can share the cost of offering rewards with the retailers — making it a win-win-win situation, according to Mehmet Sezgin, CEO and founder of myGini.

As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub.

Banks spend heavily on marketing to win deposits, push digital; Wells Fargo bends to critics in its latest response to scandals; FDIC review of brokered deposits has big implications for branches; and more from this week's most-read stories.

Among the lessons David Hijirida learned at the online giant: Companies are often so focused on competitors that they neglect their own customers.

Gatsby, which has built an app to let novice investors buy puts or calls, has received funding from Barclays, Radius Bank and others. Radius is considering offering the service to its customers.

The deal between the U.S. bank and the U.K. software firm adds another potential payments rival for Swift, and the two companies will offer banking APIs to U.S. fintechs.

Big data and artificial intelligence will allow banks to do more for small businesses, former SBA head Karen Mills argues.