Banking

To be future-proof, banks need data scientists, behavioral psychologists, experienced designers and community advocates, Brett King says.

Of all the types of malicious software targeting businesses, ransomware continues to be one of the most pervasive, according to recent studies. Here's an overview of the things banks, especially small ones, are doing to stop it.

The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside.

The acquisition will help Carolina Trust expand its operations around Charlotte.

The Canadian company's ambitions include opening a commercial banking office in Dallas and beefing up lending to the technology, construction engineering and the health care sectors.

The new chair of the Conference of State Bank Supervisors argues that state regulators will keep protecting consumers if the CFPB curtails oversight.

Largest banks would be limited on how much risk they could have with each other; the credit bureau has hired the former head of the computer giant's Watson unit.

Readers respond to a bill designed to modernize the anti-money-laundering rules, applaud the acting head of the CFPB’s decision to fire the members of the bureau’s advisory councils, opine on when a bank ought to communicate it has been hacked and more.

The information you need to start your day, from PaymentsSource and around the Web. Today; Amazon's rivals work on cashierless store; PayPal cuts fees in Ireland; Ripple says a full DLT is still on the way; William Shatner endorses a solar cryptomining company.

With plenty of cash on hand, many commercial firms have had little need to tap existing credit lines.

Dan Heine and Diana Yates were accused of hiding Bank of Oswego's condition by inaccurately reporting bad loans.

Opening internet cafes and investing in new technology are part of an effort to provide nimble, efficient services, the bank's CFO said in a strategy talk.

It’s possible for a cryptocurrency to begin as a security and then transform into another type of asset, said William Hinman, who heads the regulator's division of corporation finance.

The Atlanta bank has financed construction and other activities tied to nursing homes and related facilities mainly in its East Coast markets. It says the timing is good to tap into demand elsewhere in the country.

Competition for deposits is heating up as summer approaches, and banks are responding in all sorts of ways — from launching digital-only platforms to raising CD rates to reviving debit rewards. But rising interest rates could weaken demand for loans, especially mortgages.

The Indiana bank would add nearly $100 million in deposits with its purchase of FM Bancorp.

Technology provider will operate as a CUSO of Connecticut-based credit union.

The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.

The information you need to start your day, from PaymentsSource and around the Web. Today: Singapore studies the right way to use AI; Slovenia develops a cryptocurrency mall; Klarna expands into auto repair payments; Dixon's suffers a breach.

Security Group was fined $5 million for abusive collection tactics; the Dutch payments company is now valued at nearly $16 billion.