Retail & Commercial

The Atlanta-based consumer lender, which partners with both retailers and banks, cited a higher-than-expected cost of funds as one reason for its less rosy forecast.

Promontory Financial Group CEO Eugene Ludwig says AI tools can remove the risks — and discrimination — involved in opening the U.S. financial system to newcomers.

The breach may have occurred through a technique called "credential stuffing," in which hackers who have stolen passwords for other websites try them out on an online banking site.

The Atlanta-based technology provider has added five new CUs this year as it expands its suite of product offerings.

Big banks and fintechs are aggressively adding digital capabilities to process applications quickly, creating a sense of urgency for community banks.

The New York-based online lender plans to spend an additional $15 million next year, largely on bank partnerships and international expansion.

Anthony DeChellis will succeed Clayton Deutsch at the end of this month.

Banks, with their lower cost of capital, can take over the loan, either on its own platform or continue using the fintech platform for monitoring and servicing, writes Krista Morgan, CEO of P2Bi.

Bank discloses the possible repercussions from its alleged involvement in Malaysian fraud; are banks too blase about “systemic riskiness”?

The decision by Citigroup’s board to name an independent director as its next chairman — and not elevate CEO Michael Corbat to the post — is seen as good governance, but it’s also a sign that the company’s recovery from the financial crisis remains a work in progress.