In the company's first earnings report since going public, CEO Sebastian Siemiatkowski offered what analysts called a conservative Q4 outlook while laying out its growth plans that included an expanded distribution network, increasing its long-term installment loan penetration with merchants and becoming a full-fledged neobank.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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Mastercard launches palm checkout in Uruguay, the U.K. commits to a gradual rollout of King Charles banknotes starting this week, and more.
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A proposal from the Consumer Financial Protection Bureau to extend the same protections as credit cards to the fast-growing BNPL industry aims to protect consumers, but it could also stunt the nascent industry's growth, experts say.
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The technology is adept at working with partial account numbers and other shreds of data to alert banks of ongoing and potential crime, the network contends.
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Digit, a startup in San Francisco targeting millennials, has launched a service that crunches checking account data to determine daily amounts to automatically transfer into users' savings accounts. Its debut points to how personal financial management services are growing up to do the work on the consumer's behalf.
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Anthony DeChellis, the former head of Credit Suisse's Private Banking Americas division, has been named president of Jerusalem-based crowdfunding startup OurCrowd.
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Wealthy investors from China and the Middle East are using Citi's private bank to acquire land and fracking rights as vulnerable owners consider emergency liquidations.
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The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.
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At a national level, loan growth has been on the decline for months and could still get worse. Here's how some credit unions are tackling the issue.
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The Office of the Comptroller of the Currency found deficiencies related to the bank's holding period for "other real estate owned."
The payment giant's technology chief says he has an eye on bitcoin, the blockchain and the fintech competitors that have flooded the payments arena and vows his company will consider partnering with some of them and can beat the rest.
Only two de novo banks have opened in 2024, while more than 100 launched annually prior to the 2008 financial crisis. Experts don't agree on how to solve the problem.
The National Federation of Independent Business calls on the Treasury to delete beneficial ownership data collected under a now-paused rule, citing privacy risks and small-business burdens.
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The sale of First Republic to JPMorgan Chase marks the end of a distinct phase of the recent banking crisis, but we're not out of the woods yet.
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The United States needs to follow the lead of other countries by letting fintech firms test innovative products at the national level. Failure to do so could send promising new ideas overseas.
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Insured deposit caps are now practically meaningless, and current rules for setting deposit insurance premiums do little to block banks' excessive risk taking. There's a better way.
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Pinnacle and Peapack-Gladstone have sought to preserve their corporate cultures during periods of major change.
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Banks with more than $10 billion of assets made up 12% of American Banker's 2025 Best Banks to Work For list.
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Reseda Group, a CUSO owned by MSU Federal Credit Union, acquired the money management app for couples as part of its strategy for family finance offerings.
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Airlines and hotel chains are taking advantage of the banking-as-a-service model and favorable debit interchange regulations offered to bank issuers with under $10 billion in assets to bring debit card rewards back to market after they all but disappeared following the so-called Durbin Amendment.
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Following the new GENIUS Act, BNY's fund provides a regulated vehicle for stablecoin reserves, distinct from its separate tokenization projects.
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JPMorganChase, BNY, Citi and others are getting ready to launch autonomous digital workers, but for most, several pieces need to be in place before they can go live.
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The Consumer Financial Protection Bureau ended a consent order earlier than expected against the credit bureau TransUnion, saying the company already paid a $5 million fine and $3 million to consumers.
The banks want the pay-by-bank provider to use application programming interfaces to protect consumers, they say.
The 23rd annual ranking of women leaders in the banking industry.
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