The combination of the banks is the latest in a trend of deals closing on speedier timelines, and signals the industry's hunt for scale.
Readers respond to how Congress should address AI, concerns on Facebook's Libra and its logo, a report challenging card fraud prevention and more.
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The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
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Legacy payment systems won't cut it as autonomous software agents begin transacting and collaborating at scale. New payment rails that take advantage of blockchain technology will be vital in the future.
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The next generation of artificial intelligence can be a digitized always-on personal shopper, researcher and financial assistant, taking even the buzz of ChatGPT to another level. It's early in the game, but developers are looking for ways to gain an edge.
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Through a new partnership with the Military Spouse Advocacy Network, the trade group will help provide training, videos and classes to the spouses of service members.
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Few firms have been able to blend predictive virtual assistants, geolocation, data analytics and other cutting-edge technology into apps like TD Bank, which has more mobile users in Canada than anyone in finance.
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The Midwest regional recently announced a referral partnership with the fintech lender CommonBond. By offering customers an option to refinance student loans at more favorable terms, the bank is hoping to cultivate their loyalty.
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The municipality and the bank have been at odds over similar issues in the past, and no agency currently has deposit accounts with the lender.
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The Consumer Financial Protection Bureau argues borrowers in the case had a right to answers even if the inquiries were origination related and foreclosure litigation was pending.
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The core function of the Federal Home Loan Bank System — advances to member institutions — plummeted 20% last year to $350 billion, its lowest level in 15 years. That erosion of purpose is emboldening critics, who say the Home Loan banks need to change or face irrelevance.
Interactive Facebook ads and Twitter chats can complement — and sometimes outdo — traditional marketing and networking in the recruitment of commercial clients, financial institutions say.
Citizens & Northern's deal for Susquehanna Community is the eighth involving a Pennsylvania seller in less than two years. An industry consultant based in the Keystone State expects the pace to slow as the number of buyers dwindles.
A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
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It's unclear what will happen when the Fed starts cutting interest rates, but community banks will be there to support their customers no matter what the economy looks like.
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Citing "moral hazard" as the reason for denying full federal deposit insurance betrays a completely unrealistic belief in the ability of everyday depositors to gauge a bank's strength.
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Bringing in new talent is an essential part of building a business that endures. So, why are so many managers content to tolerate a hiring process that drives talented individuals away?
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Legal experts say the underlying economics of stablecoins mean that banning yield payments — banks' top priority in upcoming crypto market structure legislation — may not be as simple as banks had hoped.
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Federal Reserve Chair Jerome Powell said recent data suggests less tension between the employment and inflation sides of the central bank's dual mandate, reducing the need for an immediate policy change.
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The Connecticut bank invited rival bankers, lawyers and regulators to share their experiences with and warnings on using AI.
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The London-based fintech has launched a suite of financial services as its global expansion gains steam. That and more in the American Banker global payments and fintech roundup.
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The e-commerce giant, which is in the midst of a corporate downsizing, is discontinuing its Go and Fresh stores and One palm checkout while it repurposes the underlying technology.
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The Minneapolis-based company will return to its former governance structure when it installs CEO Gunjan Kedia as board chair. Andy Cecere had served as chair during his tenure as the company's chief executive, and then became executive chair when he stepped down as CEO last year.
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President Donald Trump's recently filed lawsuit against megabank JPMorganChase and its CEO Jamie Dimon is not expected to succeed in court, legal experts say.
TD Bank has said it's completed "the majority" of the action items for its U.S. compliance remediation.
The 23rd annual ranking of women leaders in the banking industry.
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