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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SVB acquired Boston Private for $900 million in 2021 as part of its "vision is to be the premier financial partner for the innovation economy."
March 22
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The North Carolina bank's venture capital arm has recently taken stakes in two early-stage companies, including one aimed at helping independent pharmacists, after cashing out on two others last year.
March 22
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Steve Perkins is CIO of Top 100 Firm HoganTaylor LLP, where he provides strategic leadership and is responsible for the planning, implementation and oversight of all firm technology innovation and process improvement initiatives. The inaugural recipient of the "Bridging the Gap in Technology" Award from Boomer Consulting Inc., Perkins is a member of the AICPA, and the Tulsa CIO Forum. He earned a BBA in Finance from Northeastern State University and an MBA from Oklahoma State University, and is also a Green Belt in Lean Six Sigma for CPAs.
March 22
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The Office of Financial Research — a Treasury agency tasked with examining sources of systemic financial risk — published a report that found that full integration of a central bank digital currency could hurt banking-sector stability but offers significant benefits for consumers.
March 22
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In his new role as chief operating officer, Selva will take the reins of a multiyear initiative to improve internal controls. Those efforts, which followed regulatory scrutiny, were previously led by longtime banker Karen Peetz, who plans to retire in May.
March 22
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Bank of America's Merrill Lynch arm has been steadily rolling out digital products since 2020, most recently a program for advisors to produce short videos.
March 22
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The Senate Banking Committee Chairman Sen. Sherrod Brown will introduce legislation soon along the lines of President Joe Biden's framework for executive compensation outlined last week.
March 22
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U.K. regulators warn payment companies, Goldman Sachs invests in Saudi fintech, and more.
March 22
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Rep. Patrick McHenry, R-N.C., the chairman of the House Financial Services Committee, said that expanding deposit insurance could have "serious consequences."
March 22
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The combined bank would have more than $8 billion of assets. The acquisition counters a trend of slowed merger activity amid regulatory pressure and an ongoing banking industry crisis.
March 22
