Block, which maintains its original Square brand for its business-focused products, is offering easier access to cash advances for small businesses. Also, Amex and Mastercard expand their virtual card strategy; and more in the American Banker global payments and fintech roundup.
The White House working group on digital assets said in a report that regulators should "promote transparency regarding the process for institutions to obtain bank charters or Reserve Bank master accounts."
Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.
A report Wednesday detailed Scattered Spider's advanced social engineering tactics and the escalating threat the group poses to financial institutions.
The largest bank in Missouri, which completed the acquisition of Heartland Financial USA early this year, is on track to switch Heartland's systems over to UMB's systems in mid-October. The conversion should help realize "the next big slug" of expense savings, UMB's CFO said.
Northeast Bank and its fintech lending partner Newity have engineered a surge in 7(a) loans that has helped the Portland, Maine-based bank boost profits as tightened regulatory standards made the loans harder to get.
Many of the 100 banks in the BankTech Ventures consortium have expressed interest in using the data-sharing network.
FinTech Forward, a collaboration of American Banker and BAI, brings together the research, media, and event capabilities of banking's top two professional information and education organizations.
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Northeast Bank and its fintech lending partner Newity have engineered a surge in 7(a) loans that has helped the Portland, Maine-based bank boost profits as tightened regulatory standards made the loans harder to get.
July 30 -
Many of the 100 banks in the BankTech Ventures consortium have expressed interest in using the data-sharing network.
July 30
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The bank partnered with the cryptocurrency exchange platform to connect Chase customer accounts and services directly to Coinbase wallets next year.
July 30
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The online lender-turned-bank saw a strong quarter as tariff-driven fears start to ease. Executives are also looking to rebrand the company.
July 30
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Artificial intelligence is helping banks and credit unions reduce friction points in their customer experiences and more, per new research from American Banker.
July 29
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The corporate cash management fintech acquired ATOM to extend treasury management services to its business customers and raised funds from PNC and State Street.
July 25
Mobile phones are only going to become a bigger part of how banks interact with their customers, so several institutions are looking to enhance that experience. They are focusing on better ways of opening accounts, verifying identities, interacting with customers and offering new services and features. Here are some of the improvements announced this year.
In the age of big data, banks should be king. After all, which industry knows more about people and how they behave than the holders of deposits? But all that data is useless without leaders who know how to effectively analyze it. American Banker recently polled data and analytics chiefs at banks about the trials and tribulations of big data and the art of finding insightful information. Here are some of their responses.
The era of banks and fintech companies cozying up to each other is in full bloom. Fintechs realize they can better disrupt the industry from within, while banks are looking for partners to help them navigate the digital world. Here's a look at how banks worldwide are buying, investing in and in some cases lending to fintech firms.