Bank technology

Smaller players are losing ground to deep-pocketed large banks that can both absorb compliance costs and invest in the most up-to-date technology, M&T's longtime CEO said in his annual letter to shareholders. He also worried about banks' shrinking role in the ever-changing lending landscape.

In explaining the bank's commitment to the Chase Pay mobile wallet, an executive told investors in February that the mobile payment landscape was going to get more complicated before it gets simpler.

The Office of the Comptroller of the Currency is collecting data on the decision-making process of banks that detach themselves from certain business sectors or geographical regions to limit potential heightened scrutiny from regulators, a process often called "de-risking."

Banks need to rethink their purpose to serve its younger customers, many of whom are inundated with choices. Banks have a tremendous opportunity to win these overbanked customers if they can figure out a way to become the financial hub.

BBVA has acquired Holvi, a Finnish online business banking service.

Adam Draper of Boost VC talks about the rise of the blockchain, the challenges of the bitcoin world and the future of banking.

Despite billions in revenue annually, legal marijuana businesses have yet to find a solution to the industry’s lack of reliable payments, banking and other financial services.

Regulators are quick to laud "core" deposits and so-called stickiness, but the reality is that brokered deposits — especially CDs — have become some of the most stable and cost-effective funding available.

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.

While regulators and law enforcement agencies are beginning to strike a more conciliatory tone with respect to digital currency, industry players complain the technology is still being stifled by its pariah status.

A large investor in the prepaid card pioneer Green Dot plans to nominate three directors to the prepaid card company's board, as the activist investor group seeks to remove founder and Chief Executive Steve Streit.

The British challenger bank Mondo raised $1.4 million in 96 seconds, it announced Thursday.

BankMobile has launched a podcast series focused on financial literacy and self-help tips.

Wells Fargo and Tangerine Bank are among those trying new communications tools that bring human conversations back into the channels where people bank by swiping and tapping.

Bank of America's mobile app can do almost everything that used to require a branch visit, says Michelle Moore; Lebenthal and four other women-owned firms land a big deal on Wall Street; Sallie Krawcheck joins the board of Blythe Masters' blockchain startup; Morgan Stanley's Carla Harris says both skills and spirituality contributed to her success. Also, the woman Obama is considering for the Supreme Court seat.

Complying with legal and credit bureau criteria for data furnishers is just one of the compelling reasons why a marketplace lender may take a pass on reporting credit data.

Prosper Marketplace has tapped USAA executive David Kimball to be its next chief financial officer.

OneMain Holdings is trying to get a better understanding of the subprime business by mixing data analytics and alternative credit scoring.

With tighter security in the online and mobile channels, fraudsters are turning their attention to vulnerable contact centers, conning eager-to-please phone service reps into coughing up customer information or letting them reset passwords on other people’s accounts.

The blockchain startup Digital Asset Holdings has added Sallie Krawcheck to its board.