Mobile technology

Lenders in South Florida are making tech upgrades and building scale to contend with bigger banks squeezing the market.

The Fitchburg, Mass.-based institution also started an insurance agency and upgraded its mobile banking last year.

While many financial institutions are feeling competitive pressures from fintechs, a former Mastercard and Fiserv senior executive called on credit unions to collaborate with fintechs as a way to keep their tech-savviest members.

As N26 schedules its launch for midyear, it will face off against other startups and mobile-only spinoffs from incumbent financial institutions.

The internet giant's planned gaming service may create an omnichannel model for banks to emulate.

The firm wants to expand its acceptance in the United States only to accommodate Chinese tourists, a company official said Thursday. But the CEO of a U.S.-based payments firm expressed skepticism.

With its expanded capacity and reliability, 5G will drive innovation in mobile, online and branch services for credit unions.

As banks push customers to digital channels, they are losing opportunities to help and connect with consumers, according to Rilla Delorier, an executive vice president at the Oregon bank.

Long-simmering tensions between the financial industry and Silicon Valley startups are erupting behind-the-scenes into a battle over the reams of valuable data held inside Americans' bank accounts.

AI-driven customer insights, mortgages and small-business loans are among the features in the app, which the bank is rolling out Friday.