PROVIDENCE, R.I. -
RightPath's Business Payment Connection links buyers, sellers and banks and credit unions through a secure portal and is aimed at facilitating payments for businesses.
RightPath is headed by Dennis Lynch, the former president and CEO of NYCE electronic funds transfer network.
The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
The Independent Community Bankers of America argue in a new lawsuit that the Office of the Comptroller of the Currency is exceeding its statutory authority in granting trust charters to crypto companies.
Apollo's chief economist may be premature on the idea that AI agents will drive people into higher-rate savings products. But he's not that premature.
