Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Samsung files for a social payment platform; Bitcoin jumps up and down; Hackers get smarter; E-commerce comes to the mall; U.K. fintech lobbiest gets help.

Ware has been named a 2017 Banker of the Year award winner for transforming the family-owned bank into a highly profitable community lender that takes calculated risks and prides itself on treating employees and customers well.

Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.

The bank has taken a decisive step to protect its asset quality, but the move also raises questions about what will drive loan growth in the future — and whether the company is on the block.

Online banks have been aggressively raising the rates they pay on consumer deposits, and that is forcing mainstream banks to consider following suit or risk losing valuable deposits to their more nimble competitors.

The credit union service organization recognized CUs in a variety of lending categories.

Virtual assistants at banks in Israel, Canada and Hong Kong are getting smarter thanks to artificial intelligence.

U.S. payments consultancy FIME has added Discover's payment application specification (D-PAS) accreditation to the Pulse ATM network, allowing it to provide guidance and support services on EMV chip technology for acquirers and issuers unfamiliar with D-PAS.

The $1.9 trillion-asset bank has been facing pressure to shake up a board that failed to head off a reputation-scarring scandal.

Partnerships with financial technology companies could be effective in helping banks meet small-dollar credit demand, but those partnerships face a legal cloud. Thankfully Congress is considering adding needed clarity.

Bank faces a formal enforcement action for problems in mortgages and auto insurance; Judge throws out lawsuit, although plaintiff promises an appeal.

The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. banks may not be economically ready for PSD2; Arbnb adds trip splitting; U2's campaign with Amazon is less 'forceful' than its Apple past; House of Lords endorses DLT.

Richard Cordray took a big gamble in his final act as head of the Consumer Financial Protection Bureau, attempting to appoint his own interim successor. He lost Tuesday, but he was far from the only one.

The San Francisco bank will immediately begin winding down its marketing of personal insurance products and plans to exit the business for good during the first quarter of next year.

Integrity is set to become the third Houston-area bank acquired by Independent in recent years.

Jayne Opperman is the third new tech hire the bank has made this month.

The pilot could help the agency improve its image after past criticism of slow responses to catastrophes.

Jane Fraser, chief executive of Citigroup Latin America, explains how changes the company has made to its business model in that region are working so far.

The trade group wants Equifax to reimburse community banks for costs tied to the massive data breach at the credit bureau this year. The ICBA also wants a court to order Equifax to improve its security measures.

Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do.