The cross-border transfer platform is broadening its business model with a subscription-based membership and products like a digital wallet and cash advances.
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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As fintechs struggle, the bank is introducing a line of credit and plans new installment lending products shortly after launching its buy now/pay later product on Amazon Pay.
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Balances reached nearly $1 trillion at the end of the first quarter, up 17% from a year earlier. The increase reflects higher spending by well-off consumers on travel and entertainment, as well as the pressure that lower-income households are facing from inflation and higher interest rates.
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The several high-profile failures in the digital-asset sector haven't deterred the financial institution from forging ahead with a plan to expand support for payments.
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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Trilogy, which had $12 billion of assets under management as of June 30, specializes in emerging- and global markets strategies.
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The Financial Industry Regulatory Authority is proposing all-public arbitration panels in a rule it is filing with the Securities and Exchange Commission next month, following a two-year pilot program.
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A group of Goldman Sachs Group Inc. traders is being pursued by at least three competing firms, including Avenue Capital Group, as the investment bank prepares to break up the unit, according to two people briefed on the discussions.
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Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.
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The clock starts ticking this week on a busy agenda of financial services priorities on Capitol Hill, including passing reforms to Dodd-Frank, overhauling the housing finance system and confirming key regulators.
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Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager. Here’s a look at Calk's career and how he ended up in this spot.
The neobank's original problem was that it grew too fast. Its latest is that it's grown too slow.
The Canadian bank's stateside retail operations will be hamstrung by a massive anti-money-laundering settlement. But executives said the company can lean on both its Wall Street business and lines of revenue north of the border.
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Major projects like Diem are moving crypto beyond its fan base, according to Icon Solutions' Simon Wilson.
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Over the past 10 months the payment industry has seen several products and services of bygone eras that have been reconstituted, repackaged and positioned to help customers and small businesses to manage their finances and cash flow, says Avenue B Consulting's Maria Arminio.
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A voluntary effort to include more members of underrepresented groups in the C-suite and on corporate boards would help banks avoid government mandates.
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The Columbus, Ohio-based regional bank announced plans to acquire Dallas-based Veritex Financial in July. On Monday, a Huntington executive called the deal a "springboard" for additional organic growth.
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Bank clients of Jack Henry's digital platform provider Banno can offer stock rewards programs directly to their customers via a partnership with Bits of Stock.
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The Office of the Comptroller of the Currency said in a bulletin to banks that it will consider whether firms engaged in "politicized or unlawful debanking" when considering bank's licensing applications and Community Reinvestment Act reviews.
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Predators often target boys ages 14 to 17, demanding money or using deepfakes to extort them.
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White House National Economic Council NEC Director Kevin Hassett endorsed insulating the Fed from political pressure but echoed Trump allies' calls for reevaluating its mission.
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The appointment ends a seven-month search for a permanent CEO. Milotich was named interim CEO in February following the resignation of former CEO and director Simon Khalaf.
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The online gambling operator, which was recently fined $450,000 by Massachusetts regulators, indicated that its new policy is designed to protect customers from cash-advance fees.
The deal will allow Workday to offer Chime Workplace, the neobank's suite of enterprise financial wellness solutions, to its clients. For Chime, the partnership provides a wider reach to new potential deposit accounts.
The 23rd annual ranking of women leaders in the banking industry.






































































