americanbanker

Is Core-banking Technology Nearing a ‘Big Shake-up’?

A veteran of one core-technology systems provider is throwing his weight behind another. Alexander Lopatine, the founder of Nymbus, has been named head sales in the Americas for San Francisco-based Mbanq, which simultaneously announced that is has bought the online and mobile banking platform AgilityFour. The price was not disclosed.

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CFPB Opens Door to Rewrite of 2009 Overdraft Rule

The Consumer Financial Protection Bureau is conducting a review of the Federal Reserve’s 2009 overdraft protection rule to determine the effects on small banks and credit unions. The CFPB said Monday it is seeking public comment on whether the overdraft rule should be amended or rescinded to minimize any significant economic impact.

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BankThink How Regulators Besides the OCC Can Help Fintechs

More in The Office of the Comptroller of the Currency designed its fintech special-purpose national bank charter proposal with the best of intentions: to foster innovation in banking and economic growth, and provide alternatives for financial technology startups burdened by operating nationally under 50 different state regulatory regimes.

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PODCAST: How Can Banks Stay Relevant in a Digital World?

In this podcast, Michael Hanley, who acted as head of digital for the World Economic Forum the last eight years, and Anthony Thomson, the creator of Atom Bank who is building a new challenger bank, 86400, in Australia, share their thoughts on how banks can shape an agenda for the future.

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How Waters Will Keep Pressure on CFPB

There is already intense focus on how the Democratic-run House Financial Services Committee may shine a spotlight on Trump administration-appointed regulators. But that light might shine brightest on one agency in particular: the Consumer Financial Protection Bureau. Rep. Maxine Waters, D-Calif.

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Mulvaney’s Misfire: CFPB Name Change Could Cost Industry Millions of Dollars

From the beginning, acting Consumer Financial Protection Bureau Director Mick Mulvaney’s desire to change the name of the agency he runs was a strange one.

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Postal Service Should Stay Out of Banking: Treasury

A new Trump administration report on how to reform the U.S. Postal Service throws cold water on the idea of a foray into the banking business. The report, released Tuesday, echoes arguments that bankers frequently make in opposition to postal banking, namely that the USPS is ill-equipped to manage the risks involved.

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Financial Firms to Further Increase Cybersecurity Spending

U.S. banks and other financial firms are projecting higher spending on cybersecurity as they face bigger threats and more attacks.

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The One Banking Bill Congress Might Actually Pass Next Term

Conventional wisdom says that it’s going to be a tall order to pass banking legislation next term, but there just might be a key exception. One measure to watch will be a legislative fix for banks with customers in the legal marijuana business.

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PODCAST: Which Tech Companies Pose the Biggest Threat to Banks?

Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate.

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The Right Approach to Digital-only Banks

As banks work to compete in an increasingly digital world, many are exploring new launching digital-only brands. Banks of all sizes, including industry heavyweights Chase, Citi and Wells Fargo, are in various stages of developing such parallel banks.

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Regional Banks Are Spending Heavily on Tech. Is It Enough?

You can hear the sense of urgency in the name of BBT’s digital strategy: Disrupt or die. During its investor day last week, technology investments took center stage, as the Winston-Salem, N.C., company discussed overarching plans to cut costs in areas such as branching and reinvest that money into digital platforms.

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