Banking

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: AI boosts prepaid; Singapore's no doc onboarding; Dash expands; Qatar's blockchain test a success.

Cutbacks coincide with drop in car sales; capital markets expected to lose 200,000 jobs net to artificial intelligence.

The acquisition will make the Tennessee company one of the biggest banks in the Southeast, with assets of more than $40 billion.

Part of Jamie Moldafsky's job at Wells these days it taking an earful on social media, but the immediate feedback offers important lessons about the bank's products and efforts to rehab its image.

Some investors have raised questions about the credibility of the firm’s leadership since credit card issuer announced that its loss reserves would surge this year.

Helping kids, rewarding those who save, promoting community and other ways credit unions are giving back to those they serve.

Even as units of a larger holding company, local banks fight the perception that they can’t provide sophisticated services like corporate or private banking. Executives say that unifying the brand will help Synovus better compete against larger players.

Second settlement of the week pushes recoveries by the regulator from MBS suits to $5.1 billion.

Large banks and Nasdaq are applying artificial intelligence to the detection of bad behavior such as fraudulent account openings and market manipulation. The technology may spot misconduct where humans didn’t.

Navient and Nelnet, the two largest student loan servicers, avoided downgrades on some $18 billion of bonds by extending their maturities. Getting the required consents from investors would normally take ages, but recent innovations speeded the process.

Richard Moore, CEO of First Bancorp in North Carolina, believes he can unlock more shareholder value through acquisitions and by taking advantage of disruption elsewhere.

Greig, who orchestrated FirstMerit's sale to Huntington Bancshares, joined Opus' board last month.

The company's earnings fell 20% from a year earlier, reflecting $5 million in restructuring charges and a higher loan-loss provision.

A one-time capital gain in last year’s first quarter obscured strong loan and deposit growth at BNP Paribas' U.S. subsidiary.

Senate votes 61-37 to confirm Trump's choice of Wall Street lawyer as head of securities agency; House Financial Services Committee to vote Wednesday on bill to rollback Dodd-Frank.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Barclays accelerates AI development; Car mobile pay expands; Amazon's closing Underground; First Data's collaborating with Girls Who Code.

Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter profit by $441,000.

A group of credit unions is working to get a jump how real-time payment processing fits into their world, even as the broader payments industry wrestles with questions about the technology's implementation.

Third party 'pays' and app companies like Uber are making the payment almost invisible, and threatening banks' relationships with consumers, writes G. Vedanarayan and David Griffiths of VirtusaPolaris.

The regional bank has a deal to acquire Western Reserve Partners, which offers merger-advisory services to midsize companies.