The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.
FIS in Jacksonville, Fla., has partnered with the Venture Center to create an incubation lab to boost innovation in financial technology.
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The credit card lender's blockbuster acquisition of Discover is not guaranteed to get across the finish line. But co-founder and CEO Richard Fairbank appears to see the rewards that would come from controlling a payments network as outweighing the potential downside.
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Some analysts said that the Capital One-Discover deal would undercut the reasoning behind the Credit Card Competition Act — authored by Sen. Dick Durbin, D-Ill. — which aims to spur competition for Visa and Mastercard.
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London-based global money-transfer firm TerraPay has hired Ruben Salazar Genovez, the longtime global head of Visa Direct, in a new role as the startup's president; U.K. challenger bank Revolut has added a tool that uses machine learning to flag payments for fraud; and more.
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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Fiserv Inc. is rolling out investment account management services that it says will allow its clients' retail investors to bring in third-party accounts from other management services and expand the ability to view their overall performance.
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Most families are a far cry from the kind of brood epitomized on the 1950s television sitcom "The Adventures of Ozzie and Harriet." Families and their estate plans are more diverse now, and trusts play a main role.
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Angel investors are getting organized, and that is attracting some ultra-wealthy families eager for hands-on alternatives to traditional investments.
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The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.
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New legislation in Iowa that allows banks and credit unions to utilize electronic notaries could help local lenders compete with online competitors.
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Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.
Former employees of the Austin-based City National Bank still recall the 1981 flood that deluged the city and Whole Foods, and they take pride in the lender's role in rescuing what was then a fledgling health food store.
New research on the failures of Silicon Valley Bank and other regional banks in 2023 points to cyclicality of venture capital and the volatility of crypto as bigger factors than uninsured deposits or unrealized losses.
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The Federal Reserve's monetary policy objectives are on a collision course with the post-2008 capital and liquidity framework, and it's time for regulators to decide what those reforms were for.
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BNPL needs and deserves a consumer-focused approach to regulation that takes account of its significant difference from other consumer credit offerings.
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The credit scoring firm takes issue with an article questioning changes to its scoring model.
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The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.
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BNY's Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.
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The Richmond, Virginia-based bank expects to build 10 branches in Raleigh and Wilmington, North Carolina, over the next three years. M&A is on the back burner as the company also works to capitalize on its recent acquisition of Sandy Spring Bank in Maryland, CEO John Asbury said.
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The North Carolina bank is the latest lender impacted by the bankruptcy of U.S. auto parts maker First Brands. First Citizens executives said credit was in good shape overall.
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The agents could overcome the consumer inertia that keeps people in low-yield bank accounts, the consultants say.
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The credit card issuer added two programs with home goods retailers Raymour and Flanigan and Bed Bath and Beyond during the quarter while also increasing its stock buyback allocation and dividend payouts.
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Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
The 23rd annual ranking of women leaders in the banking industry.
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