Banking

The two CUSOs have joined forces to improve digital banking and financial services for credit unions and their members.

The effort would help the state support its burgeoning cannabis industry without interference from federal financial regulators.

Average pay among big bank chiefs last year rose 17% to $25.3 million; bank may let go up to 500 bankers and traders in latest restructuring.

The information you need to start your day, from PaymentsSource and around the Web. Today: London's mayor lobbies for soft Brexit; Ingenico goes contactless to boost charities; Swiss regulator updates authentication rules; A new cryptohack attacks Ethereum.

AI technologies can satisfy the growing demand for real-time, self-service experiences in a variety of ways, from supporting more voice-enabled payments and transactions to automating complex decision making and product recommendations, writes Marc West, chief technology officer at Fiserv.

Bank information technology departments are tasked with making sure their institutions modernize and remain competitive. But their mission brings a host of technical and cost challenges that often stand in the way of innovation.

Just two months after a capital infusion, First Capital Bancshares added banking veterans including John McCoy and Harvey Glick as directors in a board overhaul, changed CEOs, and decided to move its corporate headquarters to Charleston, S.C.

Triumph Bancorp has developed technology to help freight brokers make faster payments to truckers, charging a fee for the service.

Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next.

Their partnership aims to make it easier for community banks and other institutional investors to vet loans that they could buy from online lenders.

The Olympics draw together fans from around the globe to cheer on their fellow citizens, and having such a diverse group of people in one spot can inspire companies to experiment with cutting-edge technologies.

The information you need to start your day, from PaymentsSource and around the Web. Today: FedEx suffers a major data breach; BBVA makes a move into gig economy financial services; CBA bans credit card bitcoin purchases; EU officer defends cash; Coinbase suffers a tech glitch.

Bank’s alleged lax controls enabled a former customer to launder money in a payday lending scheme; digital currency has made back a chunk of its recent decline.

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.

NCUA unveiled its methodology for how it would return a $736 million equity distribution from the share insurance fund, but a small group of CUs won't share in the largesse, and some still think the payment isn't big enough.

Readers weigh in on the possibility of Mick Mulvaney becoming the White House chief of staff, debate whether the industry needs more or less consolidation, chime in on Wells Fargo’s updated mobile app and more.

While small and regional banks are pushing for a rollback of the Dodd-Frank Act, big banks are largely supportive of the 2010 financial reform law, Bank of America CEO Brian Moynihan said Thursday.

Banco Santander joined existing investors JPMorgan and USAA as well as others in raising $25 million in secondary-round financing for Roostify, which seeks to build a paperless mortgage process.

Having solid relationships with those who cover the banking industry can lend credibility to management teams, especially when times are tough.

Very few of the 20 largest banks in the country would answer just a few basic questions about their policies and programs around sexual harassment. But — trust them! — they are committed to equality. Even Maria Contreras-Sweet is kept out of critical meetings, though perhaps this wasn’t a “no girls allowed” situation, like at Point72 Asset Management.