U.K. regulators approved the acquisition, which is part of Global Payments' plan to scale its point of sale restructuring.
Synechron, a consulting firm to the financial services industry, has acquired Crossbridge, a London-based consulting firm.
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When the e-commerce giant designs and revises new store models like Just Walk Out, it faces a challenge: How do you train technology that requires real-world data that doesn't yet exist?
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Payments fraud is the most expensive kind, at $450B; anti-financial-crime execs are the most worried about real-time payments, a survey from Nasdaq and Oliver Wyman found.
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Companies such as SeatGeek, a ticketing provider that requires its employees to do a lot of travel, find that artificial intelligence can help manage a large amount of data tied to travel and expenses.
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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About 30% of Mike Byrne's clients are not profitable, as he specializes in serving families with special-needs children. Those families are frequently overwhelmed and rarely wealthy.
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From his offices in Milwaukee, the head of Baird Inc.'s Intermediate Municipal Bond Fund has watched at close range as investors and financial advisers alike have scurried to make sense out of their holdings.
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There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system.
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McLean Mortgage is not going forward with a potential sale to Congressional Bank in Bethesda, Md., saying an agreement that made sense for all parties wasn't possible.
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The bank was fined $25 million for what the Office of the Comptroller of the Currency said was an inability to provide the discounts to all who were eligible.
Irvine-based CBC Bancorp's $121 million deal for Bay Community Bancorp in Oakland stands out at a time when high rates have put a damper on both the number of deals taking place and the multiples sellers are paying.
The GAO studied executive compensation on request from Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, in the wake of the Silicon Valley Bank crisis in 2023.
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Traditional banks already have the tools they need to win back consumers’ confidence, but they need to be smart about deploying them.
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A return of the Supervision Appeals Review Committee is a step backward for banks looking for an unbiased venue to challenge adverse regulatory rulings.
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Agencies supervising lenders should make it clear that the transition to less discriminatory algorithms won’t be used to punish banks for their previous use of older, less effective systems.
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Noninterest income at the Minneapolis-based company jumped more than 10% during the third quarter, while asset quality improved and expenses held steady. "Our focus is very much on organic growth," said CEO Gunjan Kedia.
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Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.
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Federal Reserve Governor Michael Barr said strong oversight mechanisms and consumer protections are needed for stablecoins to make them a more viable payment instrument.
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The bank technology company has released Smart Basket, which uses emerging artificial intelligence to improve transaction routing, a strategy that's quickly becoming table stakes for fintechs and financial institutions that offer payments.
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The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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The two banks lead Evident's AI Index, which scores banks according to AI talent, innovation, leadership and transparency.
Top Democratic lawmakers are asking the full appeals court to hear a case about the Trump administration's efforts to fire employees at the Consumer Financial Protection Bureau.
The 23rd annual ranking of women leaders in the banking industry.
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