Bank of America Merrill Lynch

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders.

"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns.

Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.

Banks are making business customers happy with new digital billing services as machine learning meets the lockbox.

BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan.

Enterprise customers will be able to send payment data to the bank through an application programming interface, rather than as XML or Swift files.

Banks have strictly controlled adviser-client text communications due to regulatory concerns.

They aren't creating new products, but some lenders are advising cash-strapped customers in high-tax states to tap home equity or other credit lines to prepay property taxes before the new tax law kicks in.

Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era.

In a world where information overload can leave investors paralyzed, Candace Browning's focus is turning mind-numbing reams of data into actionable intelligence.