Fintech

Credit unions not actively thinking about mergers are at risk of missing out, an industry expert warned at a recent conference.

The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.

With margins under pressure and competition intensifying, a number of community banks are zeroing in on underserved markets.

China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.

Beacon Business Bank hired former Boston Private executive John Delaney as its new leader.

Featurespace has formed a partnership with Emailage to combat online application fraud, where criminals use stolen consumer credentials to apply for credit cards or bank accounts in victims’ names.

Though the use of alternative data in lending is seen by some as untested, several fintechs say they couldn't function without it.

Community banks shouldn’t wait for the Fed to create a new real-time payments rail when consumers are already flocking to other options.

The new products, along a 2% cash-back credit card, are aimed at helping customers build savings and reduce debt.

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.