Banking

The information you need to start your day, from PaymentsSource and around the web. Today: Udaan's big haul; Jack Henry promotes executives; Venezuela embraces crypto; Link funds new ATMs.

Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.

Sound Bank is now Dogwood State Bank after its sale to an investor group. The buyers also moved Dogwoods State's corporate offices from eastern North Carolina to the state's capital.

The agency’s Small Business Investment Company program is slumping, and Congress is pressuring its top executive, Joseph Shepard, to get it back on track or step aside.

Large financial institutions and trade groups are among the organizations targeted in the Democrat’s latest proposal to rein in corporate influence in Washington.

The new regulation will allow more flexibility for board directors and senior managers to serve at multiple institutions.

Rep. Denver Riggleman, R-Va., explains why he’s introduced legislation requiring greater transparency over the Federal Reserve’s incoming payment system.

The California-based institution can now serve more than 3.2 million people.

Metro Bank is saying goodbye to its outspoken American founder, Vernon Hill, sooner than expected after a year that saw the 10-year-old British bank's shares collapse.

Facebook calls an emergency meeting about its planned payments network; Well Fargo report says 200,000 jobs will be lost to robots and technology.

The information you need to start your day, from PaymentsSource and around the web. Today: Amazon's supermarket takes shape; Payment companies push India on fraud prevention; NAB boosts digital receipts; Google Pay adds restaurant technology.

Linderman helped build Zions Bank into a retail force and shaped the multistate retail strategy of its parent company, but she will best be remembered for opening countless doors for women and minorities.

Dorothy Savarese will remain the Massachusetts bank's chairman and CEO.

Julieann Thurlow says Reading Cooperative Bank in Massachusetts is well positioned to help immigrants and millennials. Technology is crucial to serving both groups, she says.

Jelena McWilliams told community bankers that policymakers should be a resource for banks trying to adopt new technology.

Surety's first online bank, booyah, is aimed at college students and young grads.

The Lowell, Mass.-based institution can now serve Norfolk and Suffolk counties, along with more than 150 cities across Massachusetts and New Hampshire.

More community bankers now say that cost of funds, not regulatory expense, poses the biggest threat to profits, according to a new survey.

A shared cart that carries a consumer’s preferred form of payment throughout their purchase journey, regardless of which channel they begin and end with, can be a real differentiator for retailers.

The company could raise as much as $158 million by selling shares to the public.