Technology
Fingerprint in a glass sphere.

The U.S. government and banks face similar challenges in implementing a biometrics identity system. Both should study what other countries are already doing.

Two Michigan credit unions merge, roundup slide

Mercantile Bank Corp. in Grand Rapids achieved a 20% increase in deposits in 2024, an amount that was ample enough to fund robust loan growth and scale back reliance on costlier wholesale funding.

MoneyGram sign at night

New York's attorney general announces MoneyGram will pay a civil fine to settle a lawsuit over its handling of remittance payments; Swedish buy now/pay later lender Klarna is getting into the telecom business; Truist Financial has hired Charles Alston to lead its new nonprofit hospital, higher education and government banking team; and more in this week's banking news roundup.

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Car remote keys and pen with contract papers showing the process of auto sales deal paperwork and business transaction

A breach at an auto lending compliance provider highlights third-party vendor risks and has triggered class action lawsuits against the firm.

Thread CEO Chris Black headshot

The Nashville community bank is focusing on growing its "digital branches" through fintech partnerships and embedded banking with its latest funding round.