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Management Issues Banking’s Response to Alternative Finance
Given that alternative finance companies are likely here to stay, banks would be better off viewing them as potential partners rather than as competitors.

From BAI Banking Strategies Daily

Several banks, including Ally Bank and USAA, have upgraded their apps with virtual assistants that understand spoken questions.
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New York Department of Financial Services Superintendent Benjamin Lawsky has announced that he will step down from his position in late June to start his own legal and consulting firm, which could focus on cybersecurity.
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The San Diego startup ZipCap operates under a new lending model dubbed "loyalty capital," providing small restaurants, boutiques, and service providers with low-interest loans financed by investors seeking to support the local economy.
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