Banking

The mobile microinvesting company offers five basic products because it wants to be known for helping customers manage saving and spending — and that's it, Noah Kerner said at In|Vest.

The alliance aims to improve marketing and technology offerings for credit unions and their members.

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion, and that could spell bad news for credit unions.

Jeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year.

Branding can help define a de novo's strategy — and be costly and confusing to change if not done well.

People welcome help managing their money, and they don’t mind their own data being analyzed, as long as the result is easy-to-digest information and recommendations they can act upon, JPMorgan’s Kelli Keough said at the In|Vest conference.

Coastal Financial in Everett, Wash., said that it could be active in M&A with capital from its IPO and that it has already identified several possible targets.

Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line.

Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings.

The private-equity firm, one of Deutsche Bank's largest shareholders, will advise the German bank in a paid role; some local lawmakers want to force merchants to take cash for payment.

The information you need to start your day, from PaymentsSource and around the Web. Today: Cross-border payments attract investors; Court orders a stop to pirate site payments; Stablecoins pick up speed; Western Union's footprint expands in Africa.

The consortium's Corda Enterprise is designed to let blockchain applications exist behind a company’s firewall but still interact with outside partners.

A tighter labor market and declining demand for compliance employees are expected to slow down hiring at banks in the coming year.

The regional bank's move is part of an industrywide transformation of call centers and operations centers to handle more complex tasks and trim costs.

A cash management offering by Mastercard and Strands is the latest example of new answers to commercial clients' demands for better digital services.

Citigroup and Mastercard replace Barclays and Visa as the card partners for the Maine apparel retailer.

Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.

First Western Financial in Denver could use the roughly $31 million it is hoping to raise to pay off debt and redeem preferred shares.

These teens and early 20-somethings are hardworking, frugal, prudent, debt averse and fiercely opposed to fees — much like their great-grandparents who grew up during the Depression.

VisionBank is the second de novo effort that would focus on the nation's capital.