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MainStreet Bancshares in Fairfax has closed its banking-as-a-service subsidiary after the unit fell far short of meeting its revenue and deposit targets.

Shift Technology CEO and Co-founder Jeremy Jawish became acutely aware that fraud detection was one area of the insurance industry that was ripe for disruption while working with a leading global insurance company. There, the seed was planted related to how artificial intelligence and advanced data science could be used to help insurers make better policy and claims decisions, driving positive business outcomes and greater customer satisfaction. Jawish, along with co-founders Eric Sibony and David Durrleman transformed the idea into reality and now insurers around the world trust Shift's AI-native solutions to help them solve some of their biggest challenges.

The agency is offering buyouts and early retirement incentives for employees, with layoffs possible if targets aren't met, as part of the Trump administration's overall downsizing of the federal government.

The National Credit Union Administration insists it can still function with one board member, but legal experts and industry groups say any substantive regulatory actions could face serious challenges.

Fund That Flip, a former Synapse customer that says its customers are owed $243,861, won the right to demand answers and documents from Evolve.

Dan Johnson is the managing director at F2 Strategy, a wealthtech management consulting company serving complex wealth advisory firms. 

The Dallas-based regional bank doesn't plan to halt in-progress investments, but it may adjust the pace of spending this year, depending on which way the economy goes. It also made downward revisions to its outlook for average loans, net interest income, fee income and expenses.

Max Bonici is a partner in the financial services practice at Davis Wright Tremaine LLP

Chris Corrado is CEO, Americas for Squirro. Corrado has extensive experience in scaling companies as well as building and operating technology platforms on a global scale. Prior to joining Squirro, Corrado was CIO at CardWorks, a leading credit and payments company, where he was responsible for data, technology and digital. Before that, he was CEO at Sitehands, the world's first IT field services marketplace. He also served as chief operating officer at the London Stock Exchange Group and held CXO positions at leading financial institutions such as MSCI, Morgan Stanley, Deutsche Bank, Merrill Lynch and UBS. His background also includes scaling companies in the telecoms and e-commerce industries including Asurion, eBay and AT&T. In addition, he was an Advisory board member for Crypto.com.