NMI’s new CEO pushes embedded payments in an uncertain time
Financial technology veteran Steven Pinado, who assumed the fintech’s top role this week, says the demand for an easy checkout experience will drive growth.
Why Commerce posted GDP data to nine blockchains
The department is aiming to boost transparency and win Trump’s trust after poor economic numbers last month led to a bureaucrat’s firing.
Klarna, Gemini tee up initial public offerings
BNPL lender Klarna officially revived its highly anticipated IPO today, and cryptocurrency exchange Gemini also announced plans for a public offering. The offerings follow Chime and Circle’s blockbuster IPOs in June.
UMB buys $32.5M HSA book, adding to massive portfolio
The Kansas City, Missouri-based bank bought the deposits from Old National Bancorp, growing its large base of HSA deposits by 1%.
Progressive lawmakers press banks on overdraft fees
Three lawmakers led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., are beginning to assess the impact that the Trump administration’s posture toward the Consumer Financial Protection Bureau has had on overdraft fees.
Fintechs want Congress to preempt state privacy laws
The American Fintech Council wants Congress to amend the Gramm-Leach-Bliley Act to preempt state privacy laws with both entity-level and data-level exemptions, as well as eliminating restrictions on the secondary use of data.
We shouldn’t let banks build roadblocks in the path of open banking
Rent-seeking banks looking to profit from their monopoly on access to customer data can’t be allowed to stymie the development of open banking in the U.S.
CRE but without much risk: A Florida bank finds a new niche
Orlando-based Cogent Bank has hired a team to finance single-tenant net lease properties, an asset class characterized by exceptional credit quality.
The current banking environment makes a focus on ESG vital to growth
When banks proactively adapt to climate and societal trends, modernize infrastructure and weave environmental, social and governance priorities into decision-making, they enhance resilience and unlock new growth.
Cardinal CU adds fractional investing to gain young members
The Cleveland-based credit union recently launched a fractional stock rewards program for members ages 18 to 28 through a partnership with Bits of Stock.