Fifth Third: FIs should treat BaaS, embedded finance as ‘long-term assets’
The rising demand for banking as a service and embedded finance presents significant opportunities for financial institutions. “Banking as a ...
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Finastra, IBM team up on cloud-based lending solution
Fintech Finastra, has announced an enhanced Lending Cloud Service (LCS) in collaboration with tech giant IBM. This strategic partnership aims ...
Transactions: OakNorth buying Michigan-based Community Unity Bank
Digital British bank OakNorth is acquiring Michigan-based Community Unity Bank. The acquisition, announced March 17, will help London-based OakNorth “deepen ...
Personalization drives consumer loyalty beyond digital
ORLANDO, Fla. —Consumers are looking for streamlined, personalized support from their financial institutions through every type of transaction, from leasing ...
Nearly 80% of all U.S. Bank’s retail transactions are digital
U.S. Bank is prioritizing digital banking to build deeper relationships with clients and meet the demands of younger clients as ...
Plaid CEO: AI agents could soon represent customers
ORLANDO, Fla. — AI agents could soon be moving money from one bank account to another without being queued by ...
Fintech acquires bank to gain banking charter license
SmartBiz, a fintech providing loans to small and medium-sized businesses, has completed its acquisition of United Community Bancshares and its subsidiary, ...
Capital One, Discover fall on reports of DOJ antitrust concerns
Capital One Financial Corp. and Discover Financial Services shares fell after a report that staff at the US Department of ...
Klarna becomes exclusive Walmart BNPL provider
Swedish fintech Klarna is becoming the buy now, pay later partner for Walmart, further evidence that the IPO Klarna filed ...
States could pick up where CFPB left off
ORLANDO, Fla. — The uncertain status of the Consumer Financial Protection Bureau could result in more state-based regulations. In one ...
