Bank CEOs must make good on their pledges to advance racial equity
Three years removed from the Black Lives Matter protests, banks have not fulfilled their promises to help close the racial wealth gap.
How real-time payments boosted fintech investment in Latin America
Brazil’s PIX network has sparked a venture-capital boom in an otherwise down economy, including interest from U.S. investors.
Marqeta updates platform to support credit issuing, embedded finance
Months after acquiring credit card program management startup Power, Marqeta has introduced a service to embed credit offers within brand marketers’ websites and applications.
5 ways merchants are fighting card-swipe fees at the point of sale
Retailers fed up with interchange are trying numerous strategies to offset these costs, including piloting Pay by Bank use cases and even, in some cases, refusing to accept cards altogether.
Bucking the trend, Huntington forecasts higher expenses, eyes growth
Other regional banks are vowing to cut costs, but Huntington Bancshares CEO Steve Steinour says the Columbus, Ohio-based lender is well positioned to “play offense” in 2024.
Persistent inflation, CRE register as top financial stability concerns
The Federal Reserve released its semiannual financial stability report highlighting elevated asset values, funding issues and pockets of leverage as top concerns.
Why credit unions’ asset levels are rising
Mergers may be shrinking the overall number of credit unions, but they have provided valuable scale to those that remain.
Chopra: Open banking helps small banks ‘steal the lunch’ of big banks
Consumer Financial Protection Bureau Director Rohit Chopra says that a recently proposed data-access rule would provide a competitive edge to small banks over their larger competitors.
DTCC to buy Securrency as asset tokenization rises on Wall Street
The global clearinghouse inked the deal with Securrency as part of its push to expand the use of the emerging technology in capital markets.
JPMorgan pilots bill-payment tech, housing association chief retires, new VC rounds
JPMorgan Chase pilots Mastercard’s open-banking tech for U.S. bill payment; Benson F. “Buzz” Roberts will retire at year-end as CEO of the National Association of Affordable Housing Lenders; and venture capital firms pour funds into bank vendors.