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How Eastern Bank pulled off something few community banks have: launching a digital lending product that the 197-year-old mutual dreamed up in its innovation lab.
June 2
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The 'decentralised apps' tied to blockchain bring increased transparency, automation and security to traditional payment systems. This can create a domino effect that leads to a reduction in operational costs, accounting expenses, and friction which can benefit the business and pass savings on to customers.
June 2 Plutus.it -
Access to credit helps unemployed consumers by giving them more time to find a new job with higher pay, according to research by economists from the University of Minnesota and Dartmouth College.
June 1 -
The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?
June 1
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Fannie Mae announced it sold its third Community Impact Pool of non-performing loans to New Jersey Community Capital.
June 1 -
As the Costco-Citibank credit card partnership hits full stride this month following the retailers painful split with longtime credit card partner American Express, Bank of America is making a change to its own credit card rewards program to win the business of warehouse club shoppers.
June 1 -
The Federal Reserve detected more than 50 breaches of its computer systems from 2011 to 2015, Reuters reported, adding to signs that the central bank may be vulnerable to hackers or spies.
June 1 -
A legislative proposal has surfaced in Congress that seeks to disrupt much of the U.S. system of reporting and using credit information, including potentially major changes in credit scores.
June 1 -
At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.
May 31
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Square Inc. may be having a tougher time convincing merchants to buy its $49 EMV card reader than it did the free magstripe version it built its business on.
May 31
