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Lawmakers early on Monday voted to push the effective date of the law, which would ban interchange fees on the tax and tip portions of transactions, to July 1, 2027, marking the second delay as merchants and banks continue to battle in court.
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Bank of Nova Scotia agreed to acquire Maple Financial Holdings Inc., which owns a small US commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry.
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As the head of digital, Katz brought mobile apps into a single platform spanning banking, investments and retirement.
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BNY's chief product and innovation officer is a self-described math nerd. Her affinity for applied mathematics is evident in everything she touches and the products it produces.
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Hari Gopalkrishnan's mantra is "AI slop is not an option."
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The CTO led the development of a mortgage assessment tool that matches loan officers with specific customers. It's helping the community bank punch above its weight.
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Gilles Gade said the bank's competitive advantage is the ability to adapt to any payment rail, market condition and technology.
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A culture of innovation also enabled U.S. Bank's chief information and technology officer to increase productivity, reduce operational complexity, and improve CX across digital channels.
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A focus on user-centric design decluttered the bank's offerings and brought a leap in digital engagement for the 174-year old bank.
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One big initiative is the near-instantaneous HDSU, a permissioned-blockchain framework connecting digital rails moving crypto with banking's settlement system handling fiat currencies.
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