Even with its IPO on ice, the Swedish buy now/pay later lender is building a base of high-profile distribution partners.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
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Roxe says the distributed ledger technology that removes costly middlemen from international transactions can also lower expenses for currency conversions.
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Gripes against peer-to-peer payments services spiked during the past year as U.S. consumers flocked to Venmo, Cash App, Zelle and the like to transfer money.
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Resorts World is building its entire customer experience around a digital app, hoping to eliminate the need for — and costs of — handling paper money.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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State Street was the first trust bank to present 2Q earnings, and its chairman and CEO Ronald Logue set the stage for the rest of the industry by sketching out ...
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Lehman Brothers Holdings Inc. is seeking bankruptcy-court approval to pump up to $950 million into its struggling Delaware banking subsidiary so it can pay off more than a half-billion dollars worth of brokered certificates of deposit set to come due next month.
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Citigroup has tapped Ian Maynard from Nomura International for its prime brokerage arm, the business that provides lending, clearing and settlement services to hedge funds, a source close to the situation has confirmed to Investment Dealers' Digest.
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Mel Watt, the former North Carolina lawmaker, has earned praise for his cautious approach to guiding the future of Fannie Mae and Freddie Mac. But critics say he is making it even more difficult to craft a system without them.
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Large mortgage servicers continued to shed delinquencies as overall loan performance improved in the fourth quarter, the Office of the Comptroller of the Currency said Friday.
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Wells Fargo announced the closure of a mortgage servicing site and the retirement of a longtime commercial banking executive Wednesday.
Profits, revenue and net interest income fell short of expectations for the Buffalo, New York, company. It stashed away $50 million of reserves, pointing to worsening forecasts for the global economy and growth in its consumer portfolio.
The board of the Home Loan Bank of San Francisco chose not to renew Teresa Bryce Bazemore's contract that ends in 2024, and has initiated a search for a new CEO.
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As businesses navigate the trade war, these loans can help cover anything from inventory to office supplies – any area where a business is taking a hit, says Become's Eden Amirav.
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With passive biometrics, customers are identified by their behavior online and not by static data such as passwords or one-time codes, says NuData Security's Justin Fox.
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Today, borderless supply chains define business opportunities and brick and mortar presence is just an afterthought, says Amex's Dean Henry.
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The FDIC has streamlined requirements for large banks' emergency resolution plans, eliminating some costly strategies and offering more flexibility in light of 2023's bank failures.
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Both the Federal Reserve and the Office of the Comptroller of the Currency signed off on the $35 billion transaction, which has faced opposition since it was announced last February.
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The Federal Reserve proposed a rule to average individual banks' stress test results over two years, a measure the central bank says would reduce volatility in bank capital requirements from year to year.
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With swipe payments heading toward the exit in a few years, issuers have an opportunity now to prepare.
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A federal judge will determine if the leadership of the Consumer Financial Protection Bureau should be held in contempt after firing 90% of the bureau's staff and dismantling all offices.
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The Consumer Financial Protection Bureau is laying off more than 1,400 employees just days after a panel of judges said the bureau couldn't fire employees without an assessment of whether the workers are unnecessary to perform the bureau's legally mandated duties.
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The Senate voted 52-48 to overturn the Consumer Financial Protection Bureau's rule that would cap overdraft fees at many banks at $5.
After eight years of delay, the Consumer Financial Protection Bureau could still make last-minute changes to the payday rule, which sweeps in the buy now/pay later industry.
The 23rd annual ranking of women leaders in the banking industry.
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