Banking

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.

The information you need to start your day, from PaymentsSource and around the Web. Today: Banks push Zelle-style app in France; Hackers hit Mexican banks with payment fraud scheme; African payment app draws investors; Singapore hotels support WeChat.

Bank executives say artificial intelligence will create jobs, while analysts say the opposite. Employees are anxious but willing to try to work with it. All agree AI is already making an impact.

Equity warrants. Capital calls. Off-balance-sheet accounts. SVB's unusual business model thrives on financing rainmakers and cutting-edge firms, but old-school issues like overconcentration, unpredictable fee income and stock market swings lurk in the background.

Two credit unions ramp up their facilities management teams, plus board elections and more HR-related news at credit unions across the country.

A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues.

RIchardson & Stout, which is based in western New York, is the 16th insurance business that Evans has bought or agreed to buy.

U.S. credit card issuers are already caught in the middle of intense debates over guns, marijuana and cryptocurrencies. Gambling on sports is next.

Fill a room with bankers and you'll hear a wide range of views on technology's role in their business.

The technology platform powerhouse is betting on integration, but competitors eye disruption.

Buyers who rely on paper-based payments often struggle to onboard new suppliers. This "process overhead" can be so cumbersome that many buyers become resistant to change, opting instead to limit their supplier choices to a small number of partners, writes Patrick Bermingham, the CEO of Adlex.

A need for risk-focused data aggregation and analytics tools is at the heart of IBM's latest acquisition for its bank consulting portfolio.

Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.

Regalii has changed its name to arcus and switched from cross-border bill payment to helping banks use tokenization to reissue lost, stolen or breached cards.

Bank of Hawaii will serve Japanese citizens looking to conduct business in the United States.

The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon preps new Go stores; Chili's suffers a breach; Softbank mulls its next investment in India; Crypto for tax payments gains steam in Florida.

Year to date Dec. 31, 2017. Dollars in thousands.

On Dec. 31, 2017. Dollars in thousands.

On Dec. 31, 2017. Dollars in thousands.