The Ohio bank said its 2027 earnings per share will be lower due to an accounting revision linked to its acquisition of Cadence Bank. But CEO Steve Steinour remains sold on Huntington's expansion plans, calling the Cadence deal a "home run transaction."
Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses.
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Intuit and Ramp, two firms that work with fintechs that compete with banks, are using agentic artificial intelligence to automate mundane tasks.
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Noelle Acheson asks whether stablecoins can be considered "money" according to traditional definitions. And if not, what does that mean for payments?
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The U.K. fintech has launched a series of products that expand on its core payments business and compete with banks and other payment technology firms.
The AskResearch virtual assistant helps the company's employees quickly find specific information buried in proprietary research to facilitate their work with clients. It's a creative solution to data-retrieval problems many banking companies face.
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The San Francisco company said its loan pipeline would be strong the rest of this year.
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Independent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp.
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In her first four and a half months, Kathy Kraninger met with lawmakers more than twice as often as her predecessor, but her schedule demonstrates willingness to meet with industry and policy stakeholders from various camps.
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The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.
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The shift opens the door for regional banks to increase their aggregation activities, analysts said.
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The sleepy Federal Home Loan Bank System is under intense scrutiny as critics push for more oversight and increased affordable housing while supporters say the system works well for member banks.
The bank worked with Atomic to embed the digital payroll deposit manager into its mobile banking app.
Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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The demand for embedded finance is not going away, but the initial rollout of banking as a service relied far too much on middleware providers without expertise in compliance and oversight. BaaS 2.0 must feature a more bank-centric approach.
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The technology has the potential to democratize access to knowledge about financial services, but like any tool, it must be used carefully and responsibly.
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As the banking industry becomes increasingly technology-dependent, wise bank leaders recognize that a bank is not solely defined by its buildings, technology or pricing. It is human connections that truly set a bank apart.
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By pairing its real-time transfer app with China's UnionPay card, Visa is pursuing business in the huge country, where shifting regulations create hurdles for outside companies.
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A group of Senate Democratic lawmakers warn proposed rule change would handcuff regulators from stopping risky bank behavior before it causes financial harm.
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CEO Max Levchin said the lender is testing technology that allows merchants to perform more advanced testing of promotional financing offers.
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Unlike some of its expansion-minded regional bank peers, Montana-based First Interstate is reconfiguring its business model to be smaller and more focused on relationship banking. The blueprint is the work of CEO Jim Reuter, who joined the bank 15 months ago.
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Renat Abramov, a former relationship manager in Brooklyn, bypassed know-your-customer protocols to open accounts for shell companies involved in a $14.6 billion scheme.
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Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
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WomenVenture, a Minneapolis-based Community Development Financial Institution, was already under strain from stalled federal CDFI funding. The recent immigration crackdown added significant uncertainty for its customers as well.
Pulte says a GSE stock offering remains likely in 2026, but other policy paths are in play. NMN survey data shows the industry expects broader changes first.
The 23rd annual ranking of women leaders in the banking industry.
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