Banking

Gareth Burton comes to the banking technology provider from a multinational construction firm.

The Mississippi company will also gain its first branches in southern Georgia as part of the $80 million deal.

The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income.

Banks should continually try out new technologies, even after failed experiments.

The Fed’s top regulator is reportedly gunning to run the international Financial Stability Board, but the president's trade wars and recent criticism of Europe are impeding that effort and weakening U.S. regulators' hand more generally.

Six of the 14 new clients have assets of more than $1 billion, including Meridian CU in Toronto, Member Loyalty Group's first Canadian client.

The 2017 acquisition of Yadkin Financial was cited as a driver of growth for several fee-based businesses.

Rather than ban screen scraping, financial institutions should improve secure account connectivity so that consumers can share data with the apps they want to use.

An increase deposit costs, higher reserves and ongoing restructuring issues weighed on the second-quarter results at the New York company.

Green's sale follows a dedicated effort by its management team to purge its energy portfolio.

The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president.

The information you need to start your day, from PaymentsSource and around the Web. Today: Commerzbank gets help for faster payments; China gets even tougher on cryptocurrency; Game of laundering; Lil' Flip does marketing for Fit Pay.

The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition.

The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth.

Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches.

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.

The combination of rising interest rates and increased competition from nonbank lenders is prompting many commercial real estate investors to seek better deals elsewhere.

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders.

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.

First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal.