Finance

The fintech boom attracted a lot of new investors and in turn, billions of dollars into the market. But some of that money went to projects that haven’t lived up to the hype and in 2016, we’re starting to see a pullback.

Customers Bancorp in Wyomissing, Pa., is raising another $52.5 million from the latest in a series of public offerings this year.

Visa closed its acquisition of Visa Europe in late June, ending a year of negotiations and years of speculation in the payments industry.

In venture capitalist Scott Tobin's chats with fintech startups, one name kept coming up: Cross River Bank in Teaneck, N.J.

Omnichannel commerce demands multiple layers of technology, and each layer adds a risk of latency and friction at time when payment companies can least afford it.

A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists.

Companies that provide services for brick and mortar merchants face the challenge of adding lots of technology in a short amount of time. This is a tough task from an execution space but a big opportunity to gain returns for investors.

Outgoing CEO Charles Scharf said the acquisition of Visa Europe is starting to pay off.

Coins uses blockchain and mobile technology to encourage financial inclusion in Asian economies.

Strong loan growth sparked higher third-quarter earnings at Synchrony Financial, the credit-card issuer that was spun off from General Electric.

PayPal Holdings Inc. said it will make more money in coming years than previously expected, easing concern that recent deals with credit card companies would suppress earnings.

Fifth Third Bancorp reported higher third-quarter profit on the termination of tax receivables from its Vantiv payments subsidiary and several other one-time items.

Amex posted third-quarter profit that beat analysts’ estimates and raised its full-year forecast for profitability.

SparkLabs and Global Ventures have invested $3.4 million in Pay By Group, which makes a white-label e-commerce tool for splitting costs.

Many startups have taken shots at traditional banking, but few have succeeded. However, there is plenty of promise in this model, according to investor Tim Young.

Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus' deep pockets will help him make Ascentium Capital a household name among small-business borrowers.

A bipartisan group of House lawmakers on the financial services panel introduced legislation Wednesday that would help banks remotely open accounts.

Bank of Commerce in Sarasota, Fla., will change hands following a bankruptcy auction.

Technology Crossover Ventures sees a mashup of several hot financial technology trends in international payments gateway Payoneer, sparking its participation in a new $180 million round of capital.

Medallion Bank in New York has sold its asset-based lending division to an unnamed buyer.