Technology

Opus Bank has hired Scarlett Sieber, the former senior vice president in global business development at BBVA, to be its chief innovation officer.

The Delaware company is also close to completing a compliance program to address anti-money-laundering and Bank Secrecy Act issues.

In the years ahead, banks will have to fend off better organized and increasingly advanced cybercrime rings. "We're seeing levels of sophistication that we haven't seen before," says Pat Phelan, senior vice president of identity at TransUnion.

LG is rethinking its strategy around LG Pay and its newest smartphone, the G6, won’t include a mobile payments feature when it’s unveiled later this month at Mobile World Congress in Barcelona

Some execs have plenty to be sour about, but others are emphasizing the possibilities amid today's economic and political realities. Their contrasting mindsets were on full display at a Credit Suisse conference this week.

China's role in the in bitcoin market has increased in recent years as its citizens are among the virtual currency's leading traders and miners.

The scenario where someone uses a check's "float" to purchase something before they have the funds is still more common than many people think, according to the founders of Float, a startup that sends emergency "credit" to a consumer's debit card.

The password management company was an early supporter of the alliance's standards, and is now joining the organization as it seeks to reduce use of static authentication.

The company already has a domestic market for transfers and other payment services, and is looking to serve the international needs of that audience.

While this will hold fintech to similar regulatory standards as traditional FIs, credit unions are especially vulnerable to these potential disruptors.