Banking

The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.

The technology provider to financial advisers is partnering with Advisor Credit Exchange to help them connect their clients with banks and nonbanks for consumer and business loans.

The decade-old rule, now under review, is outdated and another example of one-size-fits-all regulation, community bankers say.

The Evergreen State is the latest to make a push to modernize the rules governing state-chartered credit unions.

The venture, which will do business as CU APPS, will offer mobile apps for other credit unions.

The new chairman of America's Credit Union Museum writes that as the number of CUs shrinks, the museum remains committed to preserving each institution's history, no matter how small.

Three regulators warn Wells it hasn’t made enough progress on consent order; poor fourth quarter investment banking revenue ignites cutbacks.

The information you need to start your day, from PaymentsSource and around the Web. Today: Walmart expands robot program; Regulators say banks aren't moving fast enough on PSD2; Bitstamp gets New York license; New iPHone attack; Financeit appoints execs for U.S. expansion.

The company warned that the move will likely reduce its first-quarter profit by $8 million.

With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital.

The regulatory relief bill passed last year eliminated mandatory stress tests for dozens of regional and midsize banks, yet many banks continue running internal tests anyway. Here’s why.

Gateway Mortgage Group’s dream of being a national, diversified financial services player will hinge on its effort to turn a community bank into an online-only platform.

Sloane, who died on Saturday, refused to bulk up on commercial real estate loans, a move that helped him survive two severe economic downturns.

Clayton is the latest to raise concerns about bank loans to highly indebted companies; Wells Fargo’s performance took a hit with its reputation.

The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm adds staff for offline initiative; Standard Chartered opens an innovation hub in Kenya; Santander bolsters payment security; PhonePe chases fanstasy cricket payments.

Jill Castilla, CEO of Citizens Bank of Edmond, has taken steps to help her bank stand out from the crowd.

Regulation is effectively priming the virtual currencies ecosystem for banks to engage by increasing transparency, reducing some of the associated risk, and lowering the barriers to entry. All of this will make it easier for banks to establish a role and to design new payment products, writes Elina Mattila, executive director at Mobey Forum.

The San Francisco fintech, which uses artificial intelligence to make consumer credit decisions, has raised an additional $50 million. It also announced new partnerships with lenders and plans for a credit card.

The moves are part of an ongoing effort by the Seattle bank to largely exit mortgage lending.

The congressional hearing will be ripe with opportunities for lawmakers to raise flags on issues of diversity, deregulation and social policy.