Retail & Commercial

Technology never stands still, and even the most successful mobile wallets in the market need to keep pace with the needs of consumers and merchants. A few are making changes that position them for new markets and platforms in the near future.

Archaic regulatory frameworks are curbing progress in fintech. We must modernize our rules so they address an internet- or mobile-based economy.

Collaboration will allow buyers to tap state assistance for down payment, closing costs.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Rent is one of the few payment types where automation has made very little headway, still relying heavily on mailed checks that the landlord deposits in person at a bank. One strategy to change that is to borrow a concept from the gig economy, in which the payment rides along with other services.

BMO recently won a diversity award for reaching its goal of having women in 40% of senior management jobs, and CEO Bill Downe argues equal treatment of employees will carry over to fair treatment of customers and create long-term profits for shareholders.

Andy Harmening will succeed longtime retail banking chief Mary Navarro, who is retiring in June.

The Consumer Financial Protection Bureau said Experian sold consumers an "educational" credit score and falsely claimed in advertisements that the score was used by lenders to make credit decisions.

The regulator said that Santander has not made sufficient progress in complying with a 2015 enforcement order.

A faster network is letting the regional bank bring new technology into its branches and share data with fintech partners via APIs.