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 Federal Reserve and Treasury Department fined the San Francisco-based bank for allegedly helping a foreign bank skirt sanctions on more than half a billion in transactions between 2010 and 2015.
March 30
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Acting Comptroller of the Currency Michael Hsu urged the banking industry to not let safety and soundness concerns overshadow fairness in banking, which he said is an equally crucial aspect of market stability.
March 30
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Greenlight, developer of a digital banking app for kids and parents, launched a B2B product for financial institutions. Morgan Stanley and WaFd Bank are early partners.
March 30
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Questions about the durability of community banks' customer bases and funding costs could dominate first-quarter earnings calls following the downfalls of Silicon Valley Bank and Signature Bank.
March 30
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The Securities and Exchange Commission has also proposed regulation to "level the playing field" in the equities market.
March 30
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Yellen focused on the danger of "fire sales," where panic spurs investors to dump assets at prices below their fair value. Among the targets needing attention are non-bank financial intermediaries, from money-market funds and hedge funds to digital asset providers.
March 30
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James Norris, who joined the Germantown-based credit union in 2010, will retire April 21.
March 30
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Richard Clarke, Chief Insurance Officer, Colonial Surety, as an insurance industry veteran with more than three decades of experience, Richard is a Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC) and Registered Professional Liability Underwriter (RPLU). He leads insurance strategy and operations for the expansion of Colonial Surety's SMB-focused product suite, building out the online platform into a one-stop-shop for America's SMBs.
March 30
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Like bank and credit union branches, sit-down restaurants face rapid changes in consumer preferences, requiring a quick pivot to a growing range of digital service and checkout options.
March 30
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The bailout of Silicon Valley Bank was an abdication of bank regulators' responsibility to see to it that market discipline effectively polices the banking industry.
March 30
LaSalle National Bank
