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Market Intelligence:
AI
Payments
Research
  • Originations
    How Wells Fargo's correspondent exit changes the game

    The shift opens the door for regional banks to increase their aggregation activities, analysts said.

    Brad Finkelstein Author Image
    By Brad Finkelstein
    Originations Editor
    January 12
    Big Banks Poised to Show Return of Long-Elusive Loan Growth
  • Commercial banking
    Bank buybacks are nowhere near pre-pandemic levels: New York Fed report

    After weaker-than-expected earnings in the third quarter of 2022, several large banks halted share repurchases in a bid to build capital.

    By Orla McCaffrey
    Staff Writer
    January 11
    AB-BUYBACKS-011123
  • Industry News
    PNC ups environmental pledge by $10 billion

    The Pittsburgh bank said the commitment supports its community benefits plan and will help meet client demand for climate-friendly investments.

    Jordan Stutts Author Image
    By Jordan Stutts
    Reporter
    January 11
  • ESG
    Forbright Bank names a president of digital banking

    Matthew Quale was formerly the president of Bask Bank, a standalone digital brand under Texas Capital Bancshares.

    By Miriam Cross
    Tech Reporter
    January 11
    Matthew Quale, president of digital banking at Forbright Bank
  • Artificial Intelligence
    AI has taken over imaginations. It's also taking over fraud.

    In a recent survey, financial institutions named artificial intelligence their top priority for investments against increasingly sophisticated fraud.

    Carter Pape, American Banker
    By Carter Pape
    Technology Reporter
    January 11
    DALL·E 2023-01-11 11.41.08 - A robotic hand holds a magnifying glass over a stack of papers.png
  • Community banking
    North Carolina bank's chief executive dies in plane crash

    Eric Bergevin, president and CEO of Integrated Financial Holdings, was killed in the Jan. 7 accident, the company said.

    By Jim Dobbs
    Deputy Editor, Community Banks
    January 11
    Raleigh, North Carolina
  • Evergreen
    'Future safari': U.S. Bank's innovators reflect on Consumer Electronics Show

    Don Relyea and Todder Moning lead a team that scours the consumer tech show every year for products and inspiration.

    Penny Crosman Cropped
    By Penny Crosman
    Executive Editor, Technology at Arizent
    January 10
    U.S. Bank team at CES
  • Industry News
    Wells Fargo pulls out of correspondent lending

    The company will also be reducing its servicing portfolio.

    maria_volkova_NMN_tech_reporter_headshot.png
    By Maria Volkova
    Reporter
    January 10
    Wells Fargo Says Client Borrowing Likely To Accelerate In 2022
  • Industry News
    Bridge Bank hires six leaders for its technology banking group

    The San Francisco bank is concentrating its efforts in Denver, Los Angeles and San Francisco.

    By Miriam Cross
    Tech Reporter
    January 10
    Bridge Bank
  • Apps
    Families, couples, ex-couples: Fintechs delve into shared finance

    Challenger banks and apps such as Zeta, Onward and Nerve are helping people manage complex financial relationships beyond simple joint accounts.

    By Miriam Cross
    Tech Reporter
    January 10
    Multigenerational family
  • Consumer banking
    6 developments affecting the future of green banking

    Sustainability and climate change continue to impact the business decisions of banks and fintechs looking to advance their green banking credentials.

    By Courtney Hoff Dockerty
    Writer, Growth Content
    January 10
    Citizens Financial Group Inc. Branches As RBS Plans To Sell Its Stake In The Bank
  • Consumer banking
    Fifth Third unveils tax refund advance program

    The new consumer banking perk offers retail customers the option to receive federal tax refunds up to five days earlier than they'd normally get them from the IRS.

    Jordan Stutts Author Image
    By Jordan Stutts
    Reporter
    January 10
    Fifth Third Bank mobile banking
  • Consumer banking
    Consumers more upbeat about their finances in 2023, New York Fed finds

    Significantly fewer households expected to be in worse shape in the coming year than was the case last summer, according to a December survey. The results are a positive sign for banks at the start of earnings season.

    By Polo Rocha
    Staff Writer
    January 9
    Christmas shopping
  • Payments
    Nuvei in $1.3 billion deal to acquire Paya

    By adding the Atlanta-based Paya, the Canadian payment technology firm can expand its client base in business-to-business transactions, government agencies, utilities and health care.

    By John Adams
    Executive Editor, Payments
    January 9
    AtlantaBL109
  • Recruiting
    Wells Fargo, Truist turn to upskilling to gain cloud, programming expertise

    Big banks are aiming to bring their existing technologists up to speed with cloud certification and other modern architecture training.

    Catherine Leffert Author Image
    By Catherine Leffert
    Reporter
    January 9
    p17oc88d0f15q1trs1amf1r01p3q6.jpg
  • Fraud losses
    Lawsuits against JPMorgan, PNC test banks' liability in wire fraud cases

    The plaintiffs allege that the banks did not catch obvious red flags or implement proper safeguards such as requiring two employees to approve each transaction.

    Carter Pape, American Banker
    By Carter Pape
    Technology Reporter
    January 6
  • Payments
    Mastercard's plan to bring music to the metaverse

    By opening a recording-artist accelerator featuring virtual worlds and nonfungible tokens, the company plans to reach an industry that appeals to young consumers.

    By John Adams
    Executive Editor, Payments
    January 6
    MastercardMetaverseprogram
  • Credit unions
    Digital-only Alliant Credit Union overhauls account-opening

    The Chicago-based institution partnered with MANTL to streamline how credit unions onboard new customers in multiple channels.

    By Frank Gargano
    Data Reporter
    January 6
    alliant
  • BankThink Cross-border transactions can boost financial inclusion and equity 

    Burdensome regulations have decimated correspondent banking relationships, harming the most vulnerable in the U.S. and abroad.

    January 6
    Nicole Elam
    Nicole Elam
    National Bankers Association
  • Recruiting
    State Street Digital head to lead crypto infrastructure firm as CEO

    Nadine Chakar will take the helm at Securrency from current CEO Dan Doney, who will become chief technology officer.

    Catherine Leffert Author Image
    By Catherine Leffert
    Reporter
    January 5
    8_Nadine Chakar 05-22 CMYK.jpg
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