Banking

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.

Forty credit unions participated in the study, which led to nearly $85 million in loans over the course of 18 months.

While a significant amount of press has been made about providing faster access to payments for Uber and Lyft drivers, as well as workers in the gig economy, there is an underserved community of millions of Americans who work in low-wage jobs living paycheck to paycheck.

The onset of artificial intelligence and machine learning could serve as the safety net some companies need, providing a different and more thorough twist on traditional underwriting and credit checks.

The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.

The company says several banks and credit card issuers are interested in data sharing; rates may go even higher when corporate borrowers need to refinance.

The information you need to start your day, from PaymentsSource and around the Web. Today: Microsoft adds Masterpass; A global fintech sandbox takes shape; Shaq invests in gig economy app; Fast EMV processing gets faster; Blockchain tackles mobile payments.

The marketplace lender recorded an impairment charge tied to the acquisition of a specialty lending business and is still being hit with costs stemming from the scandal that toppled its previous CEO.

There’s much for banks to like — and for consumer advocates to dislike — in a report on the industry's overdraft policies released Tuesday by the Center for Responsible Lending.

The former Trump campaign chair got $16 million in mortgages from The Federal Savings Bank. His trial is shedding new light on what the bank's CEO allegedly received in return.

N.B.C. Bancshares' deal for Bank of Cushing will give it two branches an hour outside of Tulsa.

The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced.

Bank organizers are picking one another's brains about hiring decisions, applications and raising capital as part of the monthslong effort to secure charters.

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook wants more data from banks; Arizona opens a fintech sandbox; Alipay gets fined; Visa offers credit to small businesses.

But data privacy is likely to deter banks from partnering with the social media company; the online listings company wants to "reshape" the market.

The bank's predicament suggests that the Trump administration's hard-line stance on immigration can cause headaches for financial institutions.

Consumers' growing dependence on smartphones makes it all the more crucial to be prepared to do business where your members are.

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.

Toyota Financial Services has promoted a company insider to replace Mike Groff, who is retiring at the end of this month.

The family that owns KleinBank negotiated for employee incentives for nonrelatives and retention awards as part of the Minnesota bank's proposed sale to Old National.