TD Bank uses 80% rule to evaluate platform upgrades
TD Bank’s small business ops look to speed of operations, reusability, ability to update and cost to upgrade when determining...
Business Banking
BNY Mellon reiterates commitment to its startup accelerator
BNY Mellon looks to startups to address internal and client-facing technology challenges throughout the bank. The $31.9 million bank communicates...
Planned layoffs have quadrupled so far this year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger,...
Fintech Brex’s revenue surges after regional bank turmoil
Brex, a credit-card startup, has seen a surge in usage of its products following this year’s regional banking turmoil. The...
Movers and Shakers: Wells Fargo appoints co-head of M&A
Wells Fargo on May 8 named Jeff Hogan as its co-head of global mergers and acquisitions within its banking division....
FIs comparison shop for fintechs
When Malvern, Penn.-based Customers Bank made the decision to augment its third-party risk processes with the assistance of a fintech,...
Citigroup plans new credit card for use with multiple retailers
Citigroup Inc. plans to debut a new credit card with multiple retailers that consumers will be able use for larger...
Fintech Funding: Vesey Ventures launches $78M fintech fund
Vesey Ventures has launched a fintech startup fund with $78 million in capital to help early-stage tech companies get off...
PacWest says in talks with potential partners after share plunge
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to...
Increased scrutiny on tech-forward banks
Tech-forward Silicon Valley Bank collapsed in March, followed two days later by Signature Bank and this week First Republic Bank....
