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The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. fintech investment plows ahead; Patreon draws more funds; Tether erases crypto; Is AI too hard to understand?
July 17
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Credit unions are slowly embracing the impact data analytics can have on the bottom line, but experts say goal-setting and measurable achievements must also be a part of the process.
July 17
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In immediate, unrestricted availability of funds, the only true providers are those networks operated by banks or other financial institutions, writes Jack Baldwin, CEO of Baldwin Hackett & Meeks.
July 17
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While senders prefer mobile devices, recipients remain stubbornly attached to receiving cash.
July 17
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A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.
July 16
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The Connecticut company, which will top that asset milestone when it buys United Financial, says it could acquire more banks in coming months.
July 16
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Total and core deposits fell in the second quarter from three months earlier at the Los Angeles bank as consumers sought higher yields, but CEO Matt Wagner said assuring proper funding for loan growth is a priority.
July 16
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The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.
July 16
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The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.
July 16
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David Cerwinski, who joined the CUSO in 2006, was appointed president of the technology provider.
July 16
