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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A number of banks mixed up their executive teams in the past year, as they shifted strategy, handled regulatory problems or planned for retirement.
December 31
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Community banking highlights in 2024 included strong deposit growth at a Los Angeles-based digital-only bank, continued regulatory scrutiny of banking-as-a-service arrangements, along with a transformational deal in the Old Dominion.
December 31
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A record 22 credit unions announced plans to acquire banks in 2024, though the year ended on a discordant note as regulatory concerns appear to have derailed a planned CU-bank deal in Georgia.
December 31
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JPMorgan Chase opened a net 38 sites in the 12 months ended Sept. 30, bucking the branch-closing trend.
December 31
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2024 brought important issues front and center for bankers, ranging from the rise of artificial intelligence to the fall of banking-as-a-service.
December 31
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Smadar Rinat, CPA, CFE, is a principal in the international and audit and accounting departments of
Prager Metis CPAs , a member of Prager Metis International Group. She has over 25 years of experience in the accounting industry. She specializes in providing audit, review, compilation, and accounting services to clients in a wide range of industries, including media and entertainment, technology, not-for-profit, professional services, manufacturing and distribution, and real estate. She is also the leader of the firm's Israel group. In this role, she offers financial and business strategy consultancy to Israeli companies working in or looking to develop operations in the U.S., as well as domestic companies interested in expanding their businesses into Israel.December 31
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As the new year begins, managers across the industry will be setting new goals for their branch bankers. They'll find more engagement and success if they clearly articulate the thinking behind the goal setting.
December 31
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At TD Bank and some other financial institutions accused of aiding and abetting money laundering, AML and branch employees have colluded and even joked about it in instant messages. Technology is part of the answer to detecting and preventing this.
December 31
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Mark S. Bonta is the Executive Director of the Recovery Jobs Foundation, an initiative focused on reintegrating individuals in recovery into the workforce. With 20 years of experience as a Plant Director and 6 years of experience as a recovery-friendly employer, he pioneered the New Hampshire Recovery Friendly Workplace Initiative (NH-RFWI) as one of the first RFW's in the nation. Mark's leadership has been recognized with several awards, including the 2022 Littleton Area Chamber of Commerce Citizen of the Year Award and the 2023 White Mountains Community College President's Community Partner Award. Currently formalizing the Recovery Jobs Foundation, he also serves on the NH-RFWI Advisory Council, and as Secretary of the Florida Recovery-Friendly Workplace Coalition.
December 30
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The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.
December 30
