The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.

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Frank Pape is Director of Strategies for Frontier Asset Management. He joined Frontier in 2022 after serving as Senior Director, Consulting Services at Russell Investments, where he advised on portfolio strategies and capital market research to financial advisors and wealth management firms. With more than 25 years of industry experience, Frank is an industry thought leader on asset allocation, capital market insights and tax-managed strategies.
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Truist Financial completes sale of insurance division, loses a regional president to Huntington Bancshares, a group of Fiserv clients will join Federal Reserve's real-time payments network, FedNow, and more in this week's banking news roundup.
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"The bar is being set by consumer interactions," says Alisa Ellis, who is helping lead modernization efforts at the financial institution.
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Revenue from fixed-income, currencies and commodities trading unexpectedly rose 4% to $4.5 billion in the first quarter, as clients reacted to changing interest rates, the company says. Net income rose 7% to $4.6 billion.
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The lender had $2.38 trillion of deposits at the end of March, compared with $2.34 trillion three months earlier. The influx more than offset drains from inflation and customers' seeking higher-yielding alternatives.
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The firm reported $13.3 billion in NII in the first three months of the year, up 45% from a year earlier and more than the 42% jump analysts expected. That gain helped counter a surge in provisions for souring loans.
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William Demchak of PNC, Brian Moynihan of Bank of America and William Rogers of Truist had their total compensation reduced last year, as stock prices across the industry fell. The previous year, pay for bank chief executives had soared by more than 20%.
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The boutique fitness industry is seeing strong growth, powered by a mix of payment tech and software that enables studio owners to accept onsite and remote transactions via mobile apps, QR codes and online.
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Ross K. Brown is vice president of business development at Payden & Rygel, a global asset management firm. He is also the National Trust Board Advisor to the Visible Foundation, a national special needs trust platform.
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