A "spike in unusual traffic" caused service degradation for the infrastructure giant, disrupting digital banking for customers.
As its digital consumer executive, Carrie Sumlin is tasked with making sure Ally Bank offers its customers top-notch digital services since it doesn't have any branches.
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Publicly traded companies are showing signs of improvement, but it may take some time until venture capital funding for fintechs recovers.
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A London judge has issued an order that could lead the bank to sell the Greek fintech, while two large French financial institutions plan to build a processor.
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The Biden administration should widen the scope of its junk fee initiatives and provide small- and medium-size businesses with relief from excessive international payments charges.
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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Wells Fargo has hired Allianz veteran Jasmine Jirele to head its trust operations team.
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MutualFirst Financial in Muncie, Ind., which is under pressure from an activist investor to sell itself, has agreed to buy the trust business of First Bank of Berne in Indiana.
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Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.
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The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.
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The National Credit Union Administration is hosting an event on equality and inclusion, which will include industry leaders discussing best practices for embracing these ideals.
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Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.
The National Community Reinvestment Coalition and four fintechs want the agencies to act on the White House's executive order on artificial intelligence.
A federal judge in Texas found that the Consumer Financial Protection Bureau had violated the CARD Act by barring banks from charging late fees for credit cards.
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The days of taking shortcuts around regulation and lax fiscal discipline need to come to an end if the industry is going to reach its full potential.
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As the Federal Housing Finance Agency considers how to prepare the system for the future, it can keep member liquidity steady while still boosting affordable housing.
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Artificial intelligence can help cut bias out of credit models. The Consumer Financial Protection Bureau should make it easier for lenders to adopt it.
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MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.
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Philadelphia-area Citadel Credit Union is starting to see a payoff from a major investment in its business banking operations.
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ICBA argues Bridge's stablecoin model pushes the trust charter beyond its intended fiduciary scope.
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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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Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.
Capital One must reengage in settlement talks with lawyers for savings account holders after a judge found that an agreement between the two sides wouldn't provide adequate compensation to customers who were allegedly victimized by the bank.
The 23rd annual ranking of women leaders in the banking industry.
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