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U.S. regulators blocked the card network's attempt to buy Plaid last year for antitrust reasons. Its bid to acquire Tink, a similar company based in Sweden, may have a better shot given European officials' desire to promote open banking.
June 24 -
Visa Inc. has agreed to buy Swedish open-banking platform Tink AB as the payment giant looks to expand beyond its card network.
June 24 -
Southern Bancorp, a community development financial institution, will devote part of a multimillion-dollar investment from the payments giant to developing technology that helps consumers budget, buy a home and more.
June 22 -
Resorts World is building its entire customer experience around a digital app, hoping to eliminate the need for — and costs of — handling paper money.
June 21 -
Goldman Sachs Group has begun offering cash management and treasury services in the U.K. as it builds out its new transaction-banking arm.
June 21 -
Thomas Caldwell has run Middlefield Banc Corp. for 26 years.
June 18 -
Rapyd's new venture capital arm seeks companies that can develop or benefit from an international identity verification system.
June 17 -
A European Union regulation that promotes data sharing among banks and third parties is making it easier for neobanks like Tide and Monese and other companies to help small merchants track their cash flow and access credit.
June 17 -
Eric Brubaker is leaving after 25 years with the organization. Executive vice president Carrie Iafrate was named his successor.
June 11 -
A collaboration between BC Technology Group and Standard Chartered's SC Ventures wants to make cryptocurrency and related innovations more approachable through the development of a digital asset trading platform.
June 11 -
Southern Bancorp's CEO said money from Square would help his bank continue serving underserved communities.
June 10 -
Though the community bank has most of its branches in California and is buying a Florida bank, CEO Scott Kavanaugh is eager to pursue targets in the Lone Star State after moving the corporate headquarters to Dallas.
June 10 -
The move brings state-chartered banks and credit unions in sync with their federal counterparts by enabling them to open checking accounts for consumers who have had accounts closed for writing bad checks.
June 7 -
The U.K.'s central bank says stablecoins should follow the same rules as traditional bank deposits.
June 7 -
The $23.3 billion-asset Simmons would make big market-share gains in Memphis and Nashville with its deals for Triumph Bancshares and Landmark Community Bank.
June 7 -
Manny Alvarez, the head of California’s Department of Financial Protection and Innovation, told staff that he plans to leave on June 18. Chief Deputy Commissioner Chris Shultz will be appointed to lead the agency on an interim basis.
June 4 -
The Dallas bank's $295 million acquisition of First Florida Integrity would give it its first presence on the East Coast.
June 3 -
Acquiring its local rival would give First Bank a commanding presence in Fayetteville and add to its presence in Raleigh, Charlotte and Wilmington.
June 2 -
The initiative would standardize and expand security, but marketing restrictions weigh against the business case for adoption.
June 2 -
In merging with First Midwest Bancorp, the Indiana company would finally gain a presence in the Midwest’s largest city.
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