Fintech

The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020.

Payconiq has built an omnichannel, multicountry payment platform that uses a mobile payment app to leverage existing bank infrastructure in order to make payments in-store and online payments as well as to send P2P payments.

A study by FinRegLab of six nonbank lenders' use of cash-flow data in underwriting decisions finds this type of "alternative data" helps predict loan performance.

The Michigan-based institution also recorded increases in earnings, deposits and membership.

The Washington company will have more than $1 billion in assets in Southern California when the $87 million deal closes.

The P2P service, based on the time its users spend with it, has the capability of luring users into other services attached to Venmo.

The $64 million acquisition is the first for Investors since it was freed from a regulatory order tied to Bank Secrecy Act compliance.

The brokerage expects customers will use conversational tech to check accounts and perform other financial transactions while stuck in traffic.

A company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares.

Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady.