Technology

The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.

The agreement, which still needs court approval, should help what remains of the online small-business lender as it moves through bankruptcy proceedings. After Kabbage emerged as a major Paycheck Protection Program lender, some of its key assets were sold to American Express.

A federal judge in Wyoming said the scope of the lawsuit could change but that he expects it to proceed. It would be the first master account challenge to go to trial.

Citi unit backs fintech rewards, Mastercard's multinational score and more in banking news this week.

The consumer lending fintech held about one-third of its loan originations on its balance sheet and fortified its deposit base this quarter.

Masons Financial will make it easier for lodges to collect dues and for members to pool money for charity.

New developments in the banking app space include apps for Gen Z bankers and the relaunch of Google Wallet.

The bank is adding forecasting to its Intelligent Receivables product, which uses artificial intelligence to match business customers' incoming cash to open invoices.

Nickels, which works with the credit union service organization Reseda Group, is using its $4 million seed funding to give financial institutions more visibility into consumers' debts.

The bank is using Google Assistant technology to power its virtual assistant, Fargo, according to Michelle Moore, head of digital at Wells.