PayThink

Banks can ditch their reputations as fuddy-duddy workplaces by helping millennial employees connect with the social mission driving the company and giving them plenty of opportunities to advance their careers.

Apple Pay represents a new cost to the issuing community. The issuers accept this because there is little choice but to operate on Apple's terms, including paying a fee to support Apple Pay.

Using scant evidence of women's participation in the digital currency industry to foreshadow Bitcoin's demise is not only erroneous, but also impertinent. Though the number of women in Bitcoin may be small, the collective impact of their achievements is unmistakably great.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on derisking, biometric technology and Paul Volcker’s proposal to reform the regulatory system.

In light of a recent op-ed about pawnbrokers denied banking services, it's worth reiterating that the FDIC encourages banks to assess individual businesses for risk rather than declining to provide services to entire categories of customers.

Most people remain skeptical of the libertarian utopia wherein the government cedes control of the money supply to Bitcoiners. But some are starting to come around on the blockchain technology that enables Bitcoin as an important part of our digital future, as well as an advancement that threatens the third parties that often manage financial transfers.

Banks that use biometric technology should remember to take client and employee privacy concerns seriously. After all, banks have a duty to protect personal information and prevent its potential misuse.

Banking regulators will never conclude that regulation is actually hurting community banks until they study the issue and come to that conclusion on their own.

By using simplified processes for payments and other services, a new generation of innovators is disrupting major financial institutions and demonstrating how a technology-first approach can vastly improve customer experience.

With good planning, advisory boards can increase a bank's visibility, credibility and sales.