Banking

Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort.

The Upstart Network, the first and only startup to participate in the bureau’s program for promising digital platforms, claims that using nontraditional credit data items has helped loan volume and affordability.

The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.

The Los Angeles unit of Royal Bank of Canada plans to use FilmTrack to handle more complex transactions for major networks, studios and distributors.

Krista Morgan, the founder and CEO of P2Binvestor, discusses her firm's bank deals and the tech driving its platform.

The payments system, called FedNow, would go head-to-head against one built by big banks; the senator from Oregon wants Amazon to address vulnerabilities in its cloud data storage.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard looks for crypto experts; Monzo's security gap; Payveris's CUSO picks up investment; Ohio State goes digital for sports tickets.

The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.

With margins under pressure and competition intensifying, a number of community banks are zeroing in on underserved markets.

Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system.

Credible Labs, which lets consumers shop for the best rates on student loans, mortgages and other credits, would be part of an evolving digital strategy at Fox after the multibillion-dollar sale of many of its traditional media assets to Disney.

China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.

Beacon Business Bank hired former Boston Private executive John Delaney as its new leader.

Banks have to do a better job of protecting personal information about their customers' children.

Though the use of alternative data in lending is seen by some as untested, several fintechs say they couldn't function without it.

Year to date Mar. 31, 2019. Dollars in thousands.

The Jacksonville, Fla.-based credit union is the initial investor in PayverisCU, which will help members with financial wellness and money management.

On Mar. 31, 2019. Dollars in thousands.

On Mar. 31, 2019. Dollars in thousands.

Community banks shouldn’t wait for the Fed to create a new real-time payments rail when consumers are already flocking to other options.