Bank technology

People love the convenience of nonbanks' financial apps. Regulators could make it much safer for them to share their data with third parties.

Small-business owners need more help from financial services companies when it comes to making major decisions about their companies' future.

Banks that haven't built a plan to implement the Federal Reserve's new real-time payments system still have time to make up lost ground.

Smaller banks face challenges in providing their business customers with modernized tools to streamline payments, but the newest breed of embedded banking tools are making it easier for banks to help businesses increase revenue and cut costs.

Regulators need to recognize the uniqueness and potential of cryptocurrency instead of seeking to fit crypto assets into an outdated regulatory framework.

Widespread adoption of a central bank digital currency would utterly transform the financial services sector by reducing access to loans and raising prices for consumers.

Chatbots may provide inaccurate information, may run afoul of consumer financial protection laws and may force consumers into "repetitive loops of unhelpful jargon," the Consumer Financial Protection Bureau warned.

Fintech VC funding flooded into consumer-focused companies in 2021. Now, the tides are changing direction.

Like it or not, Big tech is going to become a player in financial services. It would be better to write rules now than to wait for a crisis.

California Credit Union receives a CDFI certification, Klarna adds a credit opt out, Amazon enables biometric-powered alcohol payments and more in this week's banking news roundup.