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Business Banking

Deals and Dollars: Billions pour into neobanks, established fintechs

Podcast: Digital bank grows account volumes by 420%

byWhitney McDonald

March 12, 2024

Fintel Connect helps Live Oak Bank increase its deposit volume. The digital, FDIC-insured bank looked to affiliate marketing platform Fintel...

ClearBank eyeing EU license

byVaidik Trivedi

March 11, 2024

Bristol, U.K.-based ClearBank has applied for a license to expand its services to Europe in search of growth. ClearBank officials...

A Truist Financial bank branch in Miami, Florida, US, on Thursday, June 15, 2023. Truist Financial Corp. is scheduled to release earnings figures on July 20. Photographer: Scott McIntyre/Bloomberg

Truist nears sale of insurance arm to Stone Point, CD&R

byBloomberg News

February 20, 2024

Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point...

Grasshopper Bank tech leader to speak at Bank Automation Summit U.S. 2024

byVaidik Trivedi

January 31, 2024

Luther Liang, director of product at Grasshopper Bank, will speak at Bank Automation Summit U.S. 2024 about new approaches to...

Brex lays off nearly 20% of workforce

byVaidik Trivedi

January 23, 2024

Expense management company and neobank Brex announced today it will lay off 282 employees, roughly 20% of its workforce. The...

A Citibank branch in Washington, DC, US, on Saturday, Nov. 18, 2023. Citigroup Inc. will start a round of job cuts as soon as Monday as part of its sweeping reorganization, according to a person briefed on the matter. Photographer: Nathan Howard/Bloomberg

Citi to lay off 10% of workforce through 2026

byVaidik Trivediand1 others

January 12, 2024

Citigroup’s restructuring efforts, investment in technology and reduction of overhead costs will result in a loss of 20,000 jobs, or...

A BNY Mellon office building in New York, US, on Friday, Jan. 13, 2023. The Bank of New York Mellon reported revenue for the fourth quarter that missed the average analyst estimate. Photographer: Michael Nagle/Bloomberg

BNY Mellon spent $3.8B on tech in 2023

byWhitney McDonald

January 12, 2024

BNY Mellon’s technology spend accounted for nearly 30% of noninterest expenses in 2023 as the bank embraced new technology during...

What will it take to satisfy CFPB on AI-based credit decisioning?

Grasshopper, Mantl to launch small business product

byWhitney McDonald

January 11, 2024

Grasshopper Bank is working with account origination solution provider Mantl to make credit more easily available to the bank’s small...

Deals and Dollars: French digital business bank raises $554 million

Transactions: Mitra Chem looks to Arc’s financing marketplace for debt financing

byVaidik Trivedi

January 10, 2024

Digital bank Arc launched a venture debt financing platform to fill a gap in the market that surfaced during the...

Transactions: Citi TTS teamed up with third-party tech providers in 2023

byWhitney McDonald

January 3, 2024

Citi Treasury and Trade Solutions looked to tech providers in 2023 as it enhanced its platform and offerings. “While Citi...

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Cookie	Duration	Description
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Cookie	Duration	Description
049fc2ef5beb27056b07d9e4c4d13fd3	session	No description
akaalb_http_misc_subs	session	No description
AnalyticsSyncHistory	1 month	No description
BIGipServermsocu-web-2-rr.webfarm.ms.com.10882	session	No description
bm_mi	session	No description available.
CX_406152288	1 year	No description
DCID	20 minutes	No description
debug	never	No description available.
DrupalVisitorMobile	session	No description available.
ep203	3 months	No description available.
frbatlanta#lang	session	No description
geo_info	1 year	No description available.
GoogleAdServingTest	session	No description
li_gc	2 years	No description
loglevel	never	No description available.
loom_anon_comment	session	No description available.
loom_referral_video	session	No description
mkjs_group_id	never	No description available.
mkjs_user_id	never	No description available.
MorganStanley.ClientServ.Common.IPZipAccess.IPZipCookie.DEFAULT_COOKIE_NAME	past	No description
NSC_us_nbsl-83+63+21+25-91	session	No description
nyt-a	1 year	This cookie is set by the provider New York Times. This cookie is used for saving the user preferences. It is used in context with video and audio content.
nyt-gdpr	6 hours	No description available.
nyt-purr	1 year	No description available.
OCC_Encrypted_Cookie	session	No description
polleverywhere_session_id	14 days	No description
ppnet_2020	session	No description available.
ppnet_2777	session	No description available.
reuters-geo	session	No description
shell#lang	session	No description
smcx_0_last_shown_at	session	No description available.
tableau_public_negotiated_locale	session	No description available.
vary	1 month	No description
www#lang	session	No description
X-Vive-Country	session	No description
xn_uuid	1 month	No description

Business Banking

Podcast: Digital bank grows account volumes by 420%

ClearBank eyeing EU license

Truist nears sale of insurance arm to Stone Point, CD&R

Grasshopper Bank tech leader to speak at Bank Automation Summit U.S. 2024

Brex lays off nearly 20% of workforce

Citi to lay off 10% of workforce through 2026

BNY Mellon spent $3.8B on tech in 2023

Grasshopper, Mantl to launch small business product

Transactions: Mitra Chem looks to Arc’s financing marketplace for debt financing

Transactions: Citi TTS teamed up with third-party tech providers in 2023

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