Banking

The U.K.-based firm has raised $373 million from investors since it was founded in 2010.

The company will pay $23.4 million for the $194 million-asset parent of Capaha Bank.

Banks should experiment with Snapchat and learn to deliver content in small doses even if the platform proves to be a bad fit for the industry in the long run.

Larry Mazza, MVB’s chief executive, joined the board at BillGO.

Credit unions have enjoyed a multiyear run of solid growth in membership and originations. Rising rates and the potential for regulatory overhaul could mean new competition — just as refi volumes are set to fall.

The hurdles for bank-to-CU conversions are in almost all cases too big to for for-profit institutions to overcome and still operate responsibly.

Documents from Massachusetts complicate the narrative that marijuana businesses either can’t get bank accounts or are only being served by small institutions.

First Community Bancshares in Bluefield, Va., spent $15.5 million to buy back the securities.

The Office of the Comptroller of the Currency's decision to offer a special-purpose charter for fintech firms may entice more players than expected.

There is optimism that consolidation could bounce back from a lackluster 2016 as bank stocks rally. At the same time, expectations of regulatory easing and tax reform could entice more banks to stay independent, at least in the short term.

Credit unions are relying on tried-and-true methods of aiding the communities they serve, all while adding new and innovative strategies into the mix.

Flushing Financial in Uniondale, N.Y., has its next chairman lined up.

The OCC's limited-purpose fintech charter will separate the healthiest fintech companies from the unhealthy ones — leading fintech one step closer to disrupting the incumbents.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.

SoftBank's big bet on next-generation tech; Supreme Court hears surcharge arguments

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Today: Buy buttons suffer; South Korea plans to get rid of coins; Toronto enhances its 'hub' status; Alibaba plans to digitize Chinese malls.

The growth of digital channels is changing bank M&A values, forcing buyers to focus less on branches and more on the volume of customer data.

Nondepository lenders are beating their bank competitors when it comes to both digital innovation and market share in the mortgage industry. As interest rates rise, banks will need to move toward electronic closings and adopt other innovations if they want to stay competitive.

Joint accounts sometimes seem stuck in another era. Here’'s how to modernize them.

People's Utah Bancorp in American Fork has its next chief financial officer waiting in the wings a year in advance.