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Capital One co-founder Nigel Morris discusses how his venture capital firm, QED Investors, helps banks and fintechs better understand each other.
February 27
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In an exclusive American Banker poll, bankers see President Trump as a positive force for the financial services industry and are optimistic his administration can deliver on CFPB reform and simpler capital rules.
February 27
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Mobile payment solution providers and issuers may now use Global to ensure ExpressPay HCE apps are performing in line with Amex’s specifications.
February 27
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The SEC is investigating the bank for selling clients mutual funds that charge marketing fees when other, cheaper funds were available. SunTrust expects an enforcement action.
February 27
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Trustonic aims to monetize its services by supporting authentication methods such as biometrics, and managing tokens for high-value transactions,
February 27
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There are lots of new technology driven payment startups, though most still at least partly rely on the traditional card/bank model.
February 27
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New recruitment center aims to fuel research around attracting and retaining top talent in the credit union movement.
February 27
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CIBC’s CEO vows to stay “disciplined” in his bid to buy PrivateBancorp, even as some of the Chicago bank’s investors say the deal is insufficient. The head of RBC, meanwhile, said it will pursue organic growth instead of acquisitions, at least for a while.
February 24
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Banks are partnering with tech companies to win back some of the small-business customers that the industry lost to fintechs.
February 24
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Barclaycard has embedded payments technology in lots of wearables over the past few years, including gloves and jewelry.
February 24
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Hiatus joins a growing market for companies that use payment analysis to help consumers manage and reduce expenses for recurring bills.
February 24
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Financial services companies such as PayPal, Lydia and RBC are testing chatbots on platforms such as Slack and Facebook Messenger.
February 24
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Advisory group tasked with identifying what is holding back top-of-mind awareness of credit unions and how to removing those barriers to release initial data at GAC.
February 24
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CFPB overreach continues to negatively impact credit unions, who are being punished for behaviors they never engaged in. The easiest way to provide regulatory relief for CUs is to finally exempt the movement from all CFPB oversight.
February 24
National Association of Federally-Insured Credit Unions -
The industry had cause to celebrate when the regulator revamped its MBL and FOM regulations, but several fights are brewing.
February 24
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Canada's largest lender reported double-digit profit growth in its latest quarter in part because of CEO David McKay's focus on expanding in private wealth and commercial banking in the U.S.
February 24
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The British bank recovered after two years of red ink and is close to finishing a major restructuring; DOJ, Treasury and New York state are investigating the credit card lender.
February 24
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At its February meeting, the NCUA Board approved a routine measure to reauthorize an 18% interest rate cap on loans, but suggested that it’s time for Congress to make some changes.
February 23
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Donald Trump is considering nominating U.S. Bancorp Chief Executive Officer Richard Davis for the Federal Reserve Board, said people familiar with the matter, as the president prepares to start reshaping the central bank’s approach to monetary policy and Wall Street oversight.
February 23
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The card brand and bank will offer lending and prepaid cards to a traditionally underserved demographic.
February 23
