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The San Francisco-based Ripple, which launched in 2012, will use the funding to add personnel to its global organization and enrich its services that power payments using blockchain technology with its XRP platform.

Open banking transactions are not initiated by a consumer but are coming from another financial services company. This could make some fraud detection models in place today obsolete.

Following a merger earlier this fall, McCone County FCU has unveiled its new name.

The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%.

Members of Southwest Colorado Federal Credit Union in Durango have approved a deal that will see the $55 million-asset shop merge into Credit Union of Colorado.

The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter.

The upstate New York company will gain branches in Rochester as part of its $35 million purchase of FSB Bancorp.

HELOCs and second mortgages at credit unions are on the decline amid increasing refis and shifts in consumer sentiment about borrowing against their home’s value.

Given the financial health and outlook for many retailers, their ability to get the digital experience right could be the difference between operating in 2021, or joining the growing list of retail bankruptcies, says Applause's Kristin Simonini.

The success of Fiserv’s acquisition of First Data, FIS’ purchase of WorldPay, or Global Payments merger with TSYS rides on the companies’ ability to address merchants that are under extreme pressure.