Fintech

Nearly all banks need more fee income, and many have extra cash for investing in growth. Some have started buying up wealth management firms, while others have decided to pare back and specialize.

The world’s biggest digital coin began life promising to become “electronic cash,” but bitcoin and its swarm of imitators are slipping deeper into the shadows of traditional payment services.

As payment stakeholders show an interest in using fingerprint technology to improve identity protection, NEXT Biometrics and MK Group plan to collaborate on biometric smart cards for banking and other applications.

PayPal is using Venmo's fast growth to power several initiatives, but the app suffered a damaging fraud surge early this year, showing it's not immune from enrollment fraud that challenges the entire P2P sector.

The Florida company will have more than $16 billion in assets, along with increased scale in Georgia, when it buys National Commerce.

The New York-based credit union has returned more than $7.6 million to members since 2003.

The majority of credit unions are run by women, according to a recent study, but that positive news doesn't paint the full picture.

A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.

Unlike online lenders, banks are focusing primarily on consumers with solid credit scores. But unsecured loans to prime borrowers have a limited track record, so it’s hard to predict how they’ll perform when the economy inevitably weakens.

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options.