Bank technology

Tim Welsh has spent his first two months on the job thinking about how to make U.S. Bank as central to consumers’ lives as Amazon, develop new personal financial management services, and expand into new cities.

One lawsuit has already been filed against Equifax in the wake of its massive security failure. But that’s the just beginning of the consequences for the credit bureau and the banks that use it.

Intruders accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers in what could be one of the largest data intrusions.

It’s highly debatable whether the artificial intelligence engines that online lenders typically use, and that banks are just starting to deploy, are capable of making credit decisions without inadvertent prejudices.

At CIBC, Aayaz Pira is quickly turning ideas into apps, including its new mortgage one, with the help of its recently formed innovation hub.

First Financial in Ohio says financial health tools for its clients’ employees will build more lasting commercial banking relationships.

The development of mobile mortgage solutions has to strike a delicate balance between self-service and making humans readily available for the stressful process.

Executives at BB&T, KeyCorp and Citizens are milking commercial lending niches and balancing cost control with new investments while waiting for more rate hikes to fatten margins.

Experian and Finicity have released a product that aims to speed up decisions on mortgage applications, using financial data aggregation technology.

Banks that are customers of one or both vendors may look to leverage the situation to get better terms for certain products. But would small clients get enough attention from the global player the merger would create?

The private-equity firm Vista Equity Partners will acquire D+H in a deal valued at $3.57 billion.