Banking

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.

The biggest challenge for credit union acquirers involves retaining commercial customers at the banks they buy. That's why constant communication, and having more commercial products and services, matter.

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

The ATM manufacturer has added mobile banking integration, document signing, biometric authentication, video banking and a cash recycler to its DN Series.

Dallas Fed chief says lower interest rates may require stricter rules to ward off riskier lending; after financial crisis, debt backed by HELOCs disappeared.

The fast-growing data company, which says its mission is to help banks be better consumer advocates, will use its cash infusion for hiring, software development and new partnerships.

The information you need to start your day, from PaymentsSource and around the Web. Today: RBC adds business pay tracker; 7-Eleven upgrades deliveries; U.K. open banking fintech adds to its network; U.S. Bank pushes health care payment automation.

Aura is one of the few fintechs in the nation to have a community development financial institution designation from the Treasury Department.

Bruce Van Saun, CEO, shares details of the new digital channels the bank is building for consumers and small-business customers.

AI can ease shortfalls in legacy processing and risk systems, contends Deep Labs' Michael Lynch

Nearly half the nation's state regulators have agreed to a new multistate licensing business for money servicers, including fintechs.

If signed into law, institutions that qualify for the Banking Development District program will be eligible to receive up to $10 million in subsidized public funds.

At the recent Digital Banking conference, a pair of credit union executives offered insights into how the shift toward digital services has impacted their branching strategy and vice versa.

The deal with Frandsen Financial is the 12th bank M&A transaction this year involving a seller in Wisconsin.

Seed, a San Francisco startup, has developed a platform that lets small businesses quickly open accounts online. That's an important feature for Cross River as it courts more fintech clients.

Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.

As the Federal Credit Union Act turns 85, industry figures are working on issues related to executive compensation, UDAAP and more, all while girding for a slowdown in membership and loan growth.

On Mar. 31, 2019. Dollars in thousands.

Shore Community Bank, which has five branches in Ocean County, will sell for $53 million.