Banking

The graduates of this year's Fintech Innovation Lab New York, chosen by executives at 43 banks, are focusing on improving artificial intelligence, solving IT issues and providing a better customer experience.

Lawmakers should prioritize programs that improve economic development in underserved communities, as appropriators begin debating next year’s spending levels.

Judge says agency should not exist; the Fed says the largest banks are “strongly capitalized” and could withstand a severe crisis.

The information you need to start your day, from PaymentsSource and around the Web. Today: Cyrptocurrency kiosk lands at Amsterdam airport; Dash crypto adds more merchants; U.K. group lobbies for cryptocurrency regulation; Gig economy fintech adds new payroll tools.

Readers weigh in on Comptroller of the Currency Joseph Otting's comments about discrimination, opine on President Trump’s pick to head the Consumer Financial Protection Bureau, respond to new anti-money-laundering legislation and more.

The company said the aim of a redesign and additional automation is to make its compliance software easier for bankers to use.

Denver-based P2Binvestor plans to use the new funds to expand its bank partnership program.

A team of economists surveyed by the American Bankers Association also believe that unemployment could reach new lows.

The quest for fast payments is advancing on the consumer side, but most banks are said to be undecided about a host of issues tied to speeding up transactions between businesses.

The sharing economy, declining cash usage, mobile banking and more will all have a major impact on how credit unions do business less than a decade from now, according to one analyst.

A new rule from the NCUA is designed to curry more favor with judges by establishing a detailed application process for expansion-minded credit unions. Banks complain it would be too permissive.

During NAFCU’s annual conference, a panel of experts highlighted some of the legal and regulatory changes that may still be in store for credit unions.

Sponem's seat on the board will be filled by Sue Johnson, president and CEO of Fort Community Credit Union.

Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said.

Jonathan Walker of the Center for the New Middle Class and Mark Schwanhausser of Javelin discuss ideas for helping women facing financial difficulties.

A South Dakota regulator seeks to liquidate ReliaMax Surety, which provides default insurance for many private student loans held by credit unions.

CB Financial Services said its current CEO, Barron McCune Jr., was retiring and would be replaced by its president.

The company agreed to aquire United Bancorp. for $51 million.

Old National will have the fifth-biggest deposit market share in the city when it completes the $434 million acquisition.

New legislation to offer banking services at post offices comes with some flawed assumptions, but payday lending needs an overhaul.