Need for speed: Faster deal timelines may spur more bank M&A
The faster timelines for completing bank mergers this year reflects a transformed regulatory environment under the Trump administration. In several cases, deals have closed just a few months after they’ve been announced.
CSI acquires digital banking provider Apiture
The deal brings together a banking core provider and a digital banking software platform to offer an end-to-end tech product for community and regional banks.
How QR codes can boost instant payments
In Brazil, QR codes have been powering Pix, the country’s instant payment scheme, for years. Two fintechs are hoping that connecting QR codes to instant payment schemes such as FedNow will help drive uptake for instant account-to-account payments.
Fed’s Bowman: Banks, regulators must embrace emerging tech
Fed Vice Chair for Supervision Michelle Bowman warned that focusing too much on technology risks could make banks lose relevance with customers.
Virginia’s TowneBank strikes deal to deepen N.C. footprint
The expansion-minded Hampton Roads-based lender announced plans to acquire Dogwood State Bank just weeks before its plans to close a deal for a Virginia-based competitor.
The top hurdles to intelligent automation in banking
Everything from company culture to data security concerns is hamstringing the pace of automation in financial services, per new American Banker research.
Why sports is big business for Global Payments
The firm, which is relaunching its signature payment system, gets a branding opportunity and a testing ground in dozens of stadiums and arenas.
Advocates want Congressional hearings on open banking rule
Consumer advocates are urging lawmakers to hold hearings on the Consumer Financial Protection Bureau’s new open banking rule and whether Congress authorized banks to charge fees for data access.
Ex-Regions worker accused of theft, banned from banking
Markel O’Neal Calhoun, a former Regions Bank employee, has been barred from ever working in the industry again after embezzling $17,981, according to the Federal Reserve.
Sen. Scott thanks crypto industry for unseating Sherrod Brown
Senate Banking Committee Chairman Tim Scott, R-S.C., asked crypto firms to keep spending in elections, and said that they “literally” put Bernie Moreno, Sherrod Brown’s successor in Ohio, in the Senate.