Fintech
Latest news, analysis, and updates in fintech.
Huntington Crowns Its Next CEO After Two-Year Reign
Huntington Bancshares has publicly anointed Brant Standridge as its next CEO, giving him the president title and a two-year transition under current CEO Steve S
Activists Battle Alabama Bank Over 'Stagnant' Growth
Activist investors Jason Blumberg and Aaron Sallen have nominated themselves for the board of United Bancorporation of Alabama, escalating a years-long dispute
EverBank Bets $3.9 Billion on Bridge Between Online and Branch
EverBank and WaFd are merging in a $3.9 billion bet that banks must master both digital and physical channels to dominate a customer's entire financial life.
Japan's Growth Beat Voids BOJ's Final Rate Hike Excuse
Japan's revised GDP growth to 1.4% provides the Bank of Japan with the necessary cover to proceed with a widely expected interest rate hike in September, shifti
Mastercard Integrates Payments Into WhatsApp Chats
Mastercard is partnering with Kenya's Flowcart to embed card payments directly inside social and messaging apps, aiming to capture Africa's vast informal 'chat-
IRS Traps Affluent Donors Avoiding Capital Gains Tax
Donating appreciated property like art or crypto can wipe out a huge capital gains tax bill, but the IRS scrutiny of the required qualified appraisal creates a
Citi Sends Tokenized Deposits Via Swift's Blockchain
Citi is moving its tokenized deposits on a new blockchain built by Swift, using the messaging network's existing infrastructure to connect with other banks glob
Real-Time Payments Become CFOs' New Working Capital Weapon
Modern payment systems are shifting from just accelerating transactions to giving CFOs precise, real-time control over when, where, and how corporate cash moves
Banks Dump Billions in FinTech Deposits in BaaS Pivot
Banks are shifting their BaaS strategies from digital buzzwords to a focus on ditching fintech deposits and boosting fee income, rewriting the embedded finance
EarnIn Faces Colorado Lawsuit Tearing Down ‘Non-Loan’ Claim
Colorado's Attorney General is suing EarnIn, directly challenging its legal foundation as a 'non-loan' advance. A win for the state would threaten the legal mod
X Exits Stripe, Forces US Creators Onto Proprietary Money
X has made its X Money payment system mandatory for all US creator payouts, cutting out Stripe to directly control the platform's financial flow.
U.S. Bank Deploys Business Bankers to Sun Belt for First Time
U.S. Bank is launching a direct assault on the Sun Belt, placing business bankers in Florida and Georgia for the first time to win commercial clients without bu