Banking

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: Standard Chartered links to WeChat; Payments for the 'Internet of People,' Ripple gets a boost; Bank P-to-P advances in Kenya.

Instead of sitting around waiting for the next cyberattack, banks are trying to get a little ahead — without breaking the law.

U.S. District Judge Gladys Kessler is set to rule next week on whether to halt the Justice Department's quest to force banks to cut ties to industries it considers to be at high risk for criminal activity.

After recording a $35.9 million quarterly loss, the online small-business lender said that it plans to reduce its annual expenses by $20 million, cut 11% of its staff and more than double its loan-loss provision from a year earlier.

JPMorgan Chase has partnered with the fintech firm Roostify to build a digital self-service mortgage platform.

Bank of America's Michelle Moore explains the role of design in the bank’s app's success; SoFi's Joanne Bradford claims money isn't the most important thing in taking a new job; TSB's Helen Rise urges women to be bolder.

The New York State Department of Financial Services is hoping to expand its authority to marketplace lenders, brokers, merchant cash advance companies and others that previously could operate in the state without a license.

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

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.