The fintech investment firm Portage is now managing a $280 million portfolio acquired from the venture arm of Mets owner Steven Cohen's firm Point72.
Artificial intelligence is not always the right answer to data problems, executives of the two firms said at the In|Vest conference.
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While often used to describe a digital asset that hedges against cryptocurrency's volatility, the reality of stablecoins is much more complex.
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Many businesses are slow to adopt payment automation. Amex shared new B2B research with American Banker, and execs R.J. Ancona and Widad Chaoui discussed the firm's strategy to lure corporates to digital payments in an interview at the recent Payments Forum conference and over email.
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The U.K. axed its payments regulator in an effort to reduce red tape as part of the prime minister's Plan for Growth. The move was lauded by industry, but some are concerned the FCA won't give payments the attention they deserve.
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The consumer lender Oportun is rolling out a product designed to combat overdraft fees.
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The 2018 Credit Union Cherry Blossom 10-Mile Run and SacTown run helped CUs raise hundreds of thousands of dollars for Children's Miracle Network hospitals. Here's a look at some of the day's festivities.
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BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan.
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The credit union service organization's newest chief executive took the helm April 1 and a new name for the company will debut in June.
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Known for giving away its signature canary-hued Converse to employees and clients, this small API-centric fintech is poised to become a significant player in open banking thanks to parent company Mastercard and its vendor status with Fannie Mae and Freddie Mac.
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The Michigan company recently paid $70 million to close the books on a matter dating to the last financial crisis.
Part of Jamie Moldafsky's job at Wells these days it taking an earful on social media, but the immediate feedback offers important lessons about the bank's products and efforts to rehab its image.
The Connecticut bank said its newly minted president, Steven Sugarman, successfully led a private placement and signed a long-term employment agreement that makes him a potential CEO. David Lowery, current chief executive of Patriot, plans to step down in April.
Despite a deregulatory push under Trump, cannabis banking remains hindered by legal uncertainty. The path forward under the current administration is not much clearer than under the last, but some cannabis banking experts are cautiously optimistic.
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As the Federal Housing Finance Agency considers revising Federal Home Loan bank membership standards, it should consider the benefits of scale that large member banks make possible.
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Big national retailers will capture all the financial benefits from proposed reductions in swipe fees, while consumers will be left with fewer benefits programs and less secure transactions.
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If Capital One successfully buys Discover Financial Services, it would create an entity with an enormous amount of power. That could lead to abuses of vulnerable consumers.
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Interest-rate swaps showed traders continued to all-but-fully price in a Fed rate cut by the June policy meeting, with some chance of an earlier move.
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President Donald Trump said that lawmakers should support legislation that would require credit cards issued by most large banks to offer merchants the choice between two unaffiliated card networks, one of which cannot be Visa or Mastercard.
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The Bureau of Labor Statistics reported Tuesday morning that consumer prices rose 0.3% in December, with annual inflation stuck at 2.7%, lending credence to the Federal Reserve's cautious stance toward interest rates heading into 2026.
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The largest bank in the country bulked up its reserves by $2.2 billion for potential credit hits from the Apple card portfolio, which JPMorgan is taking over from Goldman Sachs.
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Financial markets took a tumble Monday morning after Federal Reserve Chair Jerome Powell announced that he was the subject of a Justice Department inquiry concerning the central bank's headquarters renovation. Lawmakers and former Fed officials decried the move as political intimidation.
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Coastal Financial in Washington State has acquired GreenFi, one of its fintech partners. The move is designed to buy time in order to figure out the best long-term strategy for the struggling neobank.
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The bank fired a manager for originating suspicious loans but later asked the SBA to forgive them, prosecutors say. The case ended in a $7.7 million settlement.
The Netherlands-based digital bank Bunq filed its second U.S. charter application this week after successfully receiving a broker-deal license late last year.
The 23rd annual ranking of women leaders in the banking industry.
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