By Bill Hogan
Banking customers in today’s digital age can log into their accounts on a computer with the click of a button or onto their phones using only their fingerprint. Bringing banking online and into the palms of our hands has certainly made it more convenient than ever to move money and perform transactions, but it’s also made the industry more vulnerable to malicious web attacks due to a widened threat surface. (more…)
Malauzai Software, a provider of digital banking for community financial institutions, has released its annual research representing the mobile app usage of 7,686 financial institutions across the U.S.
August 31 – Commerce Union Bancshares, Inc., the parent company for Reliant Bank, has entered into a definitive agreement to merge with Community First, Inc., the parent company for Community First Bank & Trust located in Columbia, Tennessee, in an all-stock transaction valued at approximately $59.0 million based on the closing price of Commerce Union’s common stock on August 22, 2017. The proposed transaction has received approval from the Board of Directors of each company.
Partnership to Provide Curated and Ranked Regulatory Information
Compliance.ai has partnered with the Fintech School to enlist contributors for classifying and ranking regulatory documents on its AI-powered financial regulatory platform. The Expert-In-The-Loop – or EITL — method enlists professionals with industry expertise to work in unison and continuously improve the machine learning and AI-based decisions by integrating human input and validation for properly curating tagged content.
The Consumer Financial Protection Bureau says that nearly half of student loan borrowers leave school owing at least $20,000 – double the share of borrowers a decade ago. The CFPB also found that more borrowers are taking out student loans later in life, and fewer borrowers are paying down their student debt in five years.