Small businesses often struggle to access capital. Traditional business loan approval processes are slow,
With the outlook for mobile payments improving, American Express has brought together several initiatives in this area under a new umbrella dubbed Amex Enabled Digital Solution.
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With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.
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French payments company Worldline may cut 8% of its workforce, Moneygram advances its digital strategy by hiring four new leaders, Fed issues enforcement action against Peoples-Marion Bancorp and more in our weekly banking news roundup.
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The city's pilot program enables asylum seekers to pay for food and baby products — reducing government overhead while introducing newcomers to the local economy.
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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Charles Kochel, a Jonesboro, Ark., adviser, spends two days every other week casting for fish — and for clients — on one or another of the 30 rivers surrounding the Arkansas River.
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It isn't that unusual for a spouse to learn only after the fact that his or her mate (or ex-mate, if they're divorced) tried to cheat the IRS on a joint tax return.
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2018 was mixed bag for credit unions in the Wolverine State, with membership and lending still seeing positive numbers but down from previous years.
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A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.
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There's plenty credit unions can do to compete with the likes of Quicken Loans' Rocket Mortgage, but sources cautioned more than technology will be needed to boost the bottom line.
The founder and CEO of Owners Bank, a division of Liberty Bank, is one of American Banker's 2024 Innovators of the Year.
Treasury Secretary Scott Bessent expects the U.S. housing market to quickly pick up steam after recent indicators came in below forecasts.
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In the coming midterm elections, bankers ought to pay attention to candidates for state treasurer, controller and other historically low-profile offices.
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Consumers and small business could eventually feel the impact of stepped-up regulatory scrutiny of bank-fintech partnerships.
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The agency's invitations to "Come in and talk" often precede investigations and subpoenas.
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Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand cash-flow underwriting into auto lending and personal loans.
The 23rd annual ranking of women leaders in the banking industry.
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