Data management

OFX is used by 7,000 banks while FDX is used by 2 million consumers. The two standards are converging.

The California Consumer Privacy Act goes into affect next year and other states are likely to follow suit. Credit unions need to evaluate their data management practices.

Credit unions are slowly embracing the impact data analytics can have on the bottom line, but experts say goal-setting and measurable achievements must also be a part of the process.

Once a dataset’s data and lifecycle events are in a known state with lineage, new and exciting opportunities are possible, writes David Levine, head of data product strategy for PeerNova.

Some banks are setting up their own parallel digital banks, while others form innovation labs. Roman Regelman says BNY Mellon is transforming the entire institution.

Credit unions have not invested enough in analytics. But changing that would help the industry compete with big banks and improve efficiencies.

Open-banking technology provider Token has secured $16.5 million in a strategic investment from investors that include Opera Tech Ventures, the venture arm of BNP Paribas.

With big banks investing heavily in IT, credit unions will have to be nimble and streamlined if they hope to compete.

From data analytics to focusing on a service culture and more, here's a look at how technology is radically remaking lending.

Transaction fraud, attacks, compliance and political uncertainty are a toxic mix, argues Ian Stone, CEO of Veualta.

Credit unions in the Lone Star State have been working with lawmakers on a series of bills but the clock is ticking since the legislative session ends in May and won't restart until 2021.

Credit unions can't truly act as a consumer's financial partner without embracing all the data at their fingertips.

A new regulation in the Golden State could provide a de facto national standard as Congress continues to stall on data breach legislation.

Bank of America, MX and Carolina Fintech Hub are training refugees and nontechies to become developers while at the same time showing corporate citizenship.

A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers.

Efforts to build better connections to bank customer data, trade digital currency and explore artificial intelligence for security and compliance purposes were some of the biggest draws of fundraising for U.S. startups.

Regulatory, data management and poor training can stop a fintech it can even get off the ground, according to Michael Dawson, managing director and CEO of Promontory Asia.

An effective data analytics strategy could require rethinking all your institution's processes and touch points.

A recent report from Best Innovation Group reveals a significant number of credit unions don't have a data analytics plan, and many that do are putting off spending money on it.

RPA changes the game, enabling the automated transfer of data between different systems, and bringing significant levels of improved efficiency to the organization, writes Christine Parker, vice president and financial services industry market lead for Pegasystems.