Compliance spend may take toll on fintechs
Lenders have had to spend unprecedented funds on compliance in the first quarter, which could shift resource allocation at banks...
Retail Banking
Fintechs, armed with direct SBA lender status, await more funding
The $349 billion Congress set aside for small businesses as part of the Coronavirus Aid, Relief and Economic Security Act...
How Fifth Third creates a data-driven CX
Melissa Stevens, chief digital officer, Fifth Third Bank Melissa Stevens, chief digital officer of the 160-year-old Fifth Third Bank, is...
Tuesday: Join the ‘Regulators’ and Financial Institutions’ Pandemic Responses’ Zoom meeting (Subscribers Only)
On Tuesday at 12 p.m. EST, Bank Innovation will host a Zoom meeting for subscribers titled "Regulators' and Financial Institutions' Pandemic...
Inside TD’s COVID-19 tech ‘war rooms’
The coronavirus pandemic has forced many bankers and bank processes to pivot in unexpected ways. For TD, it has meant...
Green Dot delivers stimulus payments via Walmart card
Green Dot is helping consumers gain access to their relief payments as a part of the Coronavirus Aid, Relief and...
Weekly Wrap: PPP forces advances in automation, while Moven bails [VIDEO]
This week's banking innovation continued to be dominated by efforts to automate the Payroll Protection Program loan underwriting -- before...
Finance app use spikes with pandemic
The amount of time U.S. consumers spend on mobile finance apps has jumped 35% since the start of the coronavirus...
Moven closes consumer-facing business, pushes customers to Varo
As Moven begins shutting down its consumer-facing businesses, the digital banking platform is funneling its customers to Varo Money. “Moven...
Confusion muddles PPP loan forgiveness processes
Banks scrambling to process Paycheck Protection Program loans will soon have to parse borrowers’ spending data to determine whether those...
