Banking

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.

The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well.

Alongside identity-document scanning and other ID verification, the two companies are offering real-time checks of lists of suspicious persons. The goal: keep money launderers out of the banking system.

Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently.

State law bars credit unions from accepting deposits from cities, counties and other government entities. Florida banks say it should stay that way unless tax advantages for credit unions are removed, but credit unions counter that banks are trying to stifle competition.

Alan Bergstrom previously served as chief marketing officer for a Wisconsin credit union before taking over at Exclamation Services.

Financial startups are becoming important partners for community banks and credit unions, despite lobbying efforts to limit their growth.

The most popular features of the AI-driven virtual assistant include transaction search and spending alerts.

Shift toward computerized, quantitative trading helps women advance; big bank stocks are on a pace for their worst week since December.

The information you need to start your day, from PaymentsSource and around the Web: Apple acquisition; Facebook security woes; Square courts crypto; and more.

Rising waters in the Cornhusker State have already caused in excess of $1 billion in damages.

J.D. Power found that customers who have a variety of accounts with an online-only bank are far more satisfied than those with just checking or savings accounts.

Simple math only partly explains why smaller lenders are adding commercial and industrial loans at a faster clip than their larger counterparts.

CU Sol, LLC is the result of a collaboration between credit unions in Albuquerque and Guam.