Fintech

Banks have traditionally used consumer products to serve small businesses. The growth of alternative payment options means banks may lose customers, particularly among young business owners.

Axis Bank, one of India’s largest private-sector financial institutions, has reportedly become the first bank in the country to partner with Ripple for a blockchain-powered approach to cross-border payment.

HeritageWest and SouthWest Community CUs have both maintained their name and logo as divisions of Chartway FCU since they were acquired in 2010.

Any economic environment, including this one, has risks but it is unclear whether banks are sufficiently worried about what lies ahead.

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

More than 420 FIs across the country offer Kasasa’s checking and savings account services.

Housatonic Teachers will operate under its existing name as “a division of Nutmeg State Financial CU” for the duration of 2017.

Amazon is revamping its cobranded rewards card, adding a higher tier of rewards for people who pay a $99 annual fee — as 65 million people already do — for Amazon Prime membership.

Fifth Third Bancorp in Cincinnati has added Android Pay and Microsoft Wallet to its mobile payment offerings, supporting a total of five mobile wallets.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.