Banking

Mainstream firms are joining the push to let cannabis firms use banks; the companies say they can help banks make lending decisions quicker.

The information you need to start your day, from PaymentsSource and around the Web. Today: Square adds invoicing in the U.K.; Wayfair plans brick and mortar store; Tandem's developing PSD2-specific products; McDonald's acquires AI for drive through lanes.

Some lenders, especially in markets like California, are preparing in case of a technology-industry stumble that hurts business, real estate and other loan segments. Whether those fears are well founded is a matter of debate.

Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.

The deal between Performance Trust and Banks Street Partners is the second combination this month of investment banks that cater to commercial banks.

The watchdog’s report — requested by Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md. — called for civil money penalty authority and better supervision to guard consumer data.

Varo Money might become the first challenger bank to get a national bank charter. CEO and co-founder Colin Walsh explains why he wants Varo to become a bank.

Artificial intelligence lets banks predict employee misconduct; banks will get more flexibility on how they count rate swaps.

The information you need to start your day, from PaymentsSource and around the Web. Today: Domino's plans in-car order and pay; Arizona college adopts robot serving; Monzo leaves U.K. check image scheme; IBM's blockchain picks up more adoption.

Although slow to catch up, issuing banks are well placed within the payments ecosystem to capitalize on short-term credit provision — in fact, they can be the biggest winners, argues Mehmet Sezgin, CEO and founder of myGini.

Alex Sanchez acknowledges that the U.S. has a lot of banks and many failed in the crisis, but he says a healthy economy needs a fresh supply of community lenders to nurture entrepreneurs.

On Dec. 31, 2018. Dollars in thousands.

On Dec. 31, 2018. Dollars in thousands.

Institutions that fail to embrace AI, machine learning and data analytics could quickly find themselves losing ground to competitors.

Agency concerned about the number of "risky" mortgages being approved; Brian Kelly, who runs The Points Guy website, can determine if a card succeeds or fails.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple plans card with Goldman Sachs; Russia pushes alternative payment network; Shopify dumps Mailchimp; Walmart plans gaming system; Banks miss a PSD2 deadline.

AI-driven customer insights, mortgages and small-business loans are among the features in the app, which the bank is rolling out Friday.

The Alabama bank’s artificial intelligence system ROSIE pulls information from hundreds of data sources to help employees suggest the best new product or service to offer a customer. It’s a good example of a regional trying to balance competitive pressures and cost control.

Banks and credit unions may be moving one step closer to federal legislation freeing them to serve legal pot businesses, but the path to enactment is still fraught with huge challenges.

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.