Banking

TruSight will assess, validate and monitor vendors on behalf of the consortium, which is expected to expand.

Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges.

The acquisition is expected to boost WesBanco’s presence in Huntington, W.Va., and provide a bridge to its existing operations in Charleston, W.Va., and southeastern Ohio.

The company will pay $53 million in cash and stock for Signature Bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard opens its first innovation hub in Australia; Collaborative mobile payments advance in Poland; Steem plots a blockchain wallet; CU Wallet founder joins credit union tech consultant.

Following in the footsteps of Chase, Wells Fargo and others, Fidelity is launching an application programming interface to let third-party apps access customer data — as long as the customers grant permission.

The San Francisco company is one of numerous online lenders that are struggling to become profitable.

The election of Democrat Phil Murphy as New Jersey's next governor is being hailed as a victory for advocates of state-owned banks. But challenges remain — namely, stubborn opposition from mainstream banks.

The Consumer Financial Protection Bureau is seeking more information about consumers' experience with free access to credit scores.

The planned sale will also include $70 million of loans in southern California.

The company has reapplied to buy Civic Bank more than a year after a regulatory snag forced it to put the deal on ice.

Sponsorships, scholarships and other ways credit unions are giving back to their communities.

Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable.

When a coder locked $150 million of digital currency stored in Parity digital wallets last week, many bankers probably saw it as another reason to ignore cryptocurrencies. Instead they should recognize the business opportunity (key custody) that the incident presents.

While some community bankers and Washington advocates doubt the likelihood of achieving meaningful regulatory relief in the 115th Congress, the many measures advancing on Capitol Hill leave plenty of room for optimism.

The Trump administration is “sounding a friendlier tone” toward bankers following the Obama chill; credit bureau takes steps to limit the financial damage.

The information you need to start your day, from PaymentsSource and around the Web. Today: Singles Day reaches another record; BurstIQ builds a cryptowallet; SIX restructures its payments business; Santander picks a vendor for U.K. check imaging.

During the past year, many have hoped for action from Washington that would alleviate regulatory burden and stem the rapid pace of consolidation. But in the current political environment, that appears increasingly unlikely.

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

In mid-2015, several thousand banks registered for dot-bank domains. More than two years later, only a few hundred have converted.