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India’s digital payments pioneer Paytm announced new funding from existing shareholders like SoftBank Group Corp.’s Vision Fund and new investors, as competition in the country’s finance sector heats up.

The company hired two bankers from CIBC to lead the newly formed group.

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer.

Collins Community Credit Union has agreed to buy First Savanna Savings Bank.

As part of this year's Best Practices Awards, CU Journal looks at a trio of institutions that have found creative and effective ways to bring in new funding.

Merchants are embracing open banking at a high rate, creating new opportunities once consumers get on board, says Nuapay's Brian Hanrahan.

George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks.

The company also disposed of a large agricultural loan that was nonperforming.

Now known as OnPath FCU, the institution originally served employees of Avondale Shipyard, Inc., but today serves members across the southwestern portion of the state.

The move will allow MVB to devote more resources to Northern Virginia and its fintech business.

The Peach State is the latest to offer gamified savings programs as an incentive to draw in deposits and improve consumers' behavior.

The company will pay nearly $33 million for Tomah Bancshares to boost its operations in Wisconsin's Monroe County.

Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint Bank's president and CEO. The bank would be based in Chattanooga.

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

Alibaba’s gigantic stock debut in Hong Kong gives it extra fuel to become a global payments empire.

Paul Simons has worked in the industry for 48 years, including more than three decades at the helm of the Illinois-based institution.

The smooth and relatively short process should be encouraging to other big banks that are eyeing deals. But their window of opportunity may not last long.

Members of Ocean Spray Employees FCU will vote next month on whether to merge into MVCU, which absorbed Bridgewater Credit Union earlier this year.

Ana Botin, the Spanish banking giant's chairman, is counting on Santander's new digital platform to help drive expansion in the U.S. and Latin America.

This is the second time in five years the California-based credit union has issued a giveback, for a total of $38 million.