Bankers fear relay-fraud comeback and Synapse issues in May
Fintech deals for banks are in bloom going into May, but pests like problematic levels of relay fraud to bots conducting cyberattacks against banks are abound.
Mastercard earnings top estimates; consumers still spending
Global purchase volume — the aggregate dollar amount of purchases made with Mastercard-branded cards — rose to $1.99 trillion, while falling short of analysts’ estimates of $2.04 trillion.
Why Trump’s order on disparate impact may have little effect
In a recent executive order, President Trump tried to wipe out a legal concept used to root out discrimination. But banks, worried about what will happen the next time a Democrat is in the White House, may be reluctant to follow his lead.
Bankers pessimistic about economy due to tariffs, rate risks
A new survey conducted by IntraFi found that nearly three-quarters of bank executives say a recession is here or imminent, and tariffs now rank among their top three economic concerns.
House finance budget bill nixes PCAOB, curbs CFPB funding
A budget bill passed by the House Financial Services Committee would eliminate the Public Company Accounting Oversight Board and cap the Consumer Financial Protection Bureau’s budget at roughly $249 million.
How stablecoins shake up the financial ‘super app’ battle
PayPal and Circle are among the companies pushing the rapidly growing payment-friendly cryptocurrency as a catalyst to use other services.
Why adding BaaS partners is no easy task for fintechs
As the banking-as-a-service model has evolved over the last decade amid widespread consent orders and BaaS partnership failures, the number of sponsor banks has dwindled, leaving fintechs to compete for the business of those that remain.
Persistence pays off for an Indiana community bank
First Savings Financial Group could have bailed out of SBA lending after the departures of key executives and loan officers. Instead it retooled the unit, and it’s now reaping the benefits.
How FirstBank cures burnout within its security teams
Safely disposing of cocaine, sending dogs chasing laser pointers, and other unorthodox lessons in maintaining levity in a high-stress job.
Citizens names Coughlin president; CFO to join State Street
Citizens Financial Group’s promotion of Brendan Coughlin to company president comes at the same time as CFO John Woods prepares to leave for State Street. Both executives have been viewed as potential successors to CEO Bruce Van Saun.