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TriState Capital Holdings in Pittsburgh has agreed to buy asset management firm Killen Group in Berwyn, Pa., for between $30 million to $35 million in cash, based on conditions tied to the asset manager's cash flow.
December 17 -
FIS in Jacksonville, Fla., has partnered with the Venture Center to create an incubation lab to boost innovation in financial technology.
December 17 -
The legal status of marijuana is likely to shift dramatically next year, with around ten states considering some form of decriminalization. But banks will likely have a longer wait until the rules around serving marijuana businesses are cleared up.
December 17 -
Moven will soon prompt its customers for usernames and passwords only for riskier transactions. By removing the login for most functions, the company aims to drive engagement in an app meant to be used on the go.
December 17
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Ramamurthi has transformed a 123-year-old institution with one branch serving a dusty Kansas town into a seedbed for disruptive financial technology not to mention a wildly profitable generator of fee income.
December 17 -
KeyCorp will keep and expand First Niagara Financial Group's Buffalo, N.Y.-based mortgage operations to spur along its return to being a player in residential lending.
December 17 -
The success of a new blockchain-technology initiative will hinge on the ability of many influential players to work together: IBM, Digital Asset Holdings, R3, other tech companies, banks, Swift, the London Stock Exchange and the Linux Foundation.
December 17 -
The Consumer Financial Protection Bureau has ordered payday and pawn lender EZCorp Inc. to pay $10.5 million for alleged illegal debt collection tactics.
December 17 -
The Consumer Financial Protection Bureau announced Thursday that it had fined one of the largest dealer-finance companies, CarHop, $6.5 million for inaccurately reporting consumer credit data.
December 17 -
LifeLock Inc. agreed Thursday to pay $100 million to settle FTC charges that it failed to properly protect its customers data and misrepresented the strength of its security. It's the largest order enforcement case to date to come out of the FTC.
December 17
