Banking

OpenFin, a devotee of open source software, has raised $15 million in Series B funding to fuel staff expansion, business development and new products.

Yellen has good things to say about Volcker rule and CFPB, while Tarullo backs tighter reins on big banks; Trump said to be considering Mnuchin deputy as Comptroller of the Currency.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Cabbies push for app tip payments; P-to-P gets insurance; U.K. issues new bills despite protests; a new startup contest in the U.K.

The Consumer Financial Protection Bureau is seeking feedback on the benefits and risks of using alternative data sources, such as rent or utility payments, that would allow lenders to build a credit history for unbanked consumers.

If Washington lowers taxes as much as banks and the rest of corporate America hope, it will yield a bonanza of earnings per share, new tech investments or investor dividends … right? Not exactly, bank leaders warn.

The OCC wants California First to implement “prudent concentration limits” on leveraged loans.

Zeus Mortgage in Houston is positioning its new online crowdfunding platform as an alternative to traditional mortgages for property buyers and others having trouble borrowing to remodel homes or fund construction projects.

School spirit, creative fundraisers and modernized branches are all part of the latest round-up of credit union community news.

Bond Street targets small businesses that might be able to qualify for a bank loan but are looking for a faster and easier approval process.

Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes.

Seacoast Commerce Banc Holdings in San Diego will keep more of its small-business loans on its balance sheet in response to rapidly changing economic and political conditions.

The risk, complexity and psychological biases related to financial products make them ill-suited for push-based selling tactics. Instead, banks should use their digital channels to help customers decide what they want.

The bank and cloud accounting platform will offer services to mutual customers via API.

Focusing on the rise of auto financing delinquencies ignores the bigger picture: Loan volume has grown on all risk tiers and defaults are a natural part of the process.

Stocks of big banks have now largely recovered from their financial crisis lows; the big Japanese tech and telecom company plans to buy the $70 billion asset manager.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Jaguar adds payments; Japan invests in Bitcoin; Tipalti expands tax service; a new programming technique for incumbents.

The San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million.

The bank and one of its investors are planning a sale of common stock that could help fund growth initiatives.

More and more banks are using advanced geographic information systems to help make decisions around branch consolidation, lending in low-income communities, monitoring fraud and even deploying talent.

Credit unions that scored well in MagnifyMoney's Mobile Bank App Study reveal the secret sauce for boosting mobile banking usage.