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 second-largest U.S. bank provided an update to investors about the consent order issued by the OCC in 2024, saying a resolution may include monetary penalties.
August 3
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Fintech founder Randy Fernando launched his latest startup, an AI-focused software provider for banks called Maximum, with $30 million in seed funding.
August 3
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Steven B. Sands is a 40-year Wall Street veteran and professional investor.
August 3
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Dennis Willette is SVP and Head of Westfield Specialty Environmental, where he's worked since 2023. He has more than 10 years of experience in the environmental liability insurance market. Prior to his insurance career, he was an environmental scientist.
August 3
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The Treasury's financial crime prevention arm said the Swiss firm's U.S. brokerage wing largely ignored a 2018 consent order to clean up its anti-money-laundering processes, leading to the historic settlement announced early in August.
August 3
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Mark Paoletta, the Consumer Financial Protection Bureau's chief legal officer, has taken over as the agency's acting director. Russell Vought's term ended Aug. 1.
August 3
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The bank, which denies discriminating against President Trump's business, said its internal review was triggered by "transaction patterns" that "are among the types of activity flagged by federal banking guidance."
August 3
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The investment is expected to bring a 40% increase to Chase Home Lending's mortgage capacity, with the addition of 850 new advisors, the company said.
August 3
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The Fed chair attributed recent rising bond yields to a strong economy. However, investors are probably also responding to other factors, including Warsh's own comments about potential changes to inflation measures.
August 3
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The neobank is the latest fintech to file a de novo trust bank charter application ahead of the GENIUS Act formally taking effect.
August 3
