The days of taking shortcuts around regulation and lax fiscal discipline need to come to an end if the industry is going to reach its full potential.

The Cincinnati, Ohio, bank targeted Rize Money due to its "ease of accessibility," according to Fifth Third's head of wholesale payments. The acquisition comes as the $205 billion-asset bank has seen wealth and asset management revenue decline in recent years.

Zest AI and Origence designed a new white-labeled product for institutions that lack the resources to develop a custom platform based on artificial intelligence.

After the departure of a key Small Business Administration official, lawmakers from both parties are calling on the SBA's chief to delay rules that could open the agency's biggest lending program to more nonbanks — or even consider reversing the changes.

The Los Angeles fintech lender has agreed to refund voluntary payments paid by borrowers in California, Connecticut and the District of Columbia. Voluntary payments for loans have come under scrutiny from consumer advocates and state officials.

The bank is focusing on pre-seed companies that specialize in fintech or other forms of technology and have diverse founders.

The FDIC reviewed more than 20 other offers before selling the failed bank, including one from a San Francisco fintech.

The challenger bank offers the largest advances on the market, but it is still working to become net cash positive and faces stiff competition.

First Horizon commits part of TD breakup fee to local communities, Southern Security poised for huge membership growth, Marqeta faces layoffs and more in this week's banking news roundup.

Michigan State University Federal Credit Union is partnering with Debbie, a Miami-based fintech that helps consumers break free of delinquency and correct bad spending habits, to strengthen its financial education tools and build its deposit base.