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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.
July 30
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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
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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 GENIUS Act in the U.S. and MiCA in the EU are creating a path to the mainstream for digital assets, while Britain won't have crypto regulation until 2026.
July 30
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A FICO survey shows 33% think exaggerating income on credit applications is acceptable. Ironically, many also prioritize strong fraud prevention from banks.
July 30
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JPMorganChase and Apple are reportedly close to an agreement that would see the country's largest bank take over the Apple Card portfolio from Goldman Sachs.
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
The bank's chief information, data and digital officer shared an update on AI initiatives across the company and how he's been securely scaling them.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Growing loans was a tall order in 2024, but banks that could do just that were able to outperform their peers.
Seven of the 20 top-performing banks with $2 billion to $10 billion of assets last year were based in Texas. But it's not about being bigger.
The bank's chief information, data and digital officer shared an update on AI initiatives across the company and how he's been securely scaling them.
A White House working group is calling for updated crypto regulations, AI-powered fraud detection and clearer guidance for banks.
The bank's chief information, data and digital officer shared an update on AI initiatives across the company and how he's been securely scaling them.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
This year's Most Influential Women in Payments honorees span the globe, demonstrating the universal importance of personal connections and career mobility, as well as the ways technology can connect a hybrid workforce and propel commerce.
This year's honorees are women under 40 who have demonstrated a strong talent for leadership and an expertise in their respective fields. They also took on crucial responsibilities to help their organizations navigate the complexities of the pandemic, and set their companies on a path for continued growth.
2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.
- Jake Donoghue, author of the book "Crypto Confidential," shares some of the worst practices he saw as a founder of a cryptocurrency company.
- Petrou, the managing partner at Federal Financial Analytics and a longtime observer of banking and regulation, says banks need to do far more due diligence on potential fintech partners and exert more control over these relationships.
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Investor reaction to the proposed $8.6 billion deal has been sour, with both banks' share prices falling more than 11% as of Friday afternoon. The response appeared to reflect the market's distaste for mergers of equals and the risks associated with crossing the $100 billion-asset threshold.
July 29
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Jack Dorsey's Block Inc. is adding a group payments feature to its Cash App as it aims to attract out of network users to its peer-to-peer money transfer and banking app.
July 29
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The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
July 29
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Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.
July 29
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The Dallas-based bank is the subject of a scathing new report by HoldCo Asset Management, which says it should take advantage of current market conditions to sell itself. The investment firm accused Comerica's management of making poor decisions and failing to address its lagging stock price.
July 28
