PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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The Indiana bank said it agreed to acquire CapStar Financial in an all-stock deal that would hasten its growth in Tennessee.
October 26
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CEO Scott Sanborn said it's unclear when demand from banks to buy the fintech's loans will return.
October 26
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Weekly volume — even with the M&T deal — is poised to be one of the largest misses this year, second only to the week of March 13 when Silicon Valley Bank's failure spooked the banking sector.
October 26
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The Hicksville, New York, company beat analysts' expectations on net interest income, but a pair of souring office loans contributed to a 68% increase in nonperforming loans from the prior quarter.
October 26
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The student loan servicer said that it's open to settling a high-stakes lawsuit filed by the Consumer Financial Protection Bureau during the Obama administration. It recorded a $45 million charge and said that the range of reasonably possible losses is between $0 and $250 million.
October 26
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Intensifying economic pressures caused Bread Financial's customers to cut their credit card spending by 13% during the third quarter as the rate of delinquent accounts rose.
October 26
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Angela Streba is the director of advisor brands at Commonwealth Financial Network.
With the firm since 2019, she partners strategically with advisors and external marketing experts and focuses on overall strategic brand marketing and mentoring efforts. Her goal is to help develop stronger and more cohesive advisor brands that lead to better marketing.
October 26
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Bruce McClary is senior vice president of membership and communication at National Foundation for Credit Counseling.
October 26
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Rod Griffin is senior director of consumer education and advocacy at Experian.
October 26
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The Financial Conduct Authority has assembled a team of over 500 technologists as it weighs whether to adopt generative artificial intelligence to help examiners collect and synthesize data on billions of card transactions as part of its monitoring of the U.K.'s top banks.
October 26
