PayThink

Banks must come to grips with the fact that adapting to the industry's transformational changes means having new faces in the corporate suite.

It seems we cannot go a week without news of a malware attack of some kind, be it ransomware, stolen credit card information or other security breaches. The increasing trend is that not only are organizations and enterprises affected, but also regular consumers.

Female CEOs are uncommon, so how rare do you think female CEO-CFO teams are? At publicly traded banks, there are only 13, and that is still way better than a few other industries. InVenture founder Shivani Siroya talks about her past in banking and the future of her fintech startup. An Australian bank is going to test gender blind recruitment practices. Also, rewriting Silicon Valley's history and the Spice Girls' girl power legacy.

Fewer transactions are taking places in branches but banks’ brick-and-mortar locations are more important than ever.

At least 30 countries have either implemented a real-time or near-real-time payments system or are in the midst of implementing or planning one.

Under Rep. Jeb Hensarling’s proposed legislation, some banks might raise capital levels to get regulatory relief. Others might choose to grin and bear the current level of micromanagement. The result would be a more diverse banking sector.

Millennials, who alreadymake up a third of banked consumers in America, are used to transacting life in clicks and swipes. Institutions must embrace their needs now or risk extinction.

Recent headlines are revealing just how challenging it is to send cross-border payments into emerging markets. Nowhere is this more apparent than in the case of sending low-value mass payouts for business.

The Consumer Financial Protection Bureau is keeping lenders in the dark about how it will ensure borrower data is secure and private under the expanded Home Mortgage Disclosure Act reporting requirements.

Rather than replace bankers with technologists, bankers must return to their original role in the community: help entrepreneurs succeed through connecting capital with good ideas.