Zelle surpasses $1T in payments in 2024
Peer-to-peer payments provider Zelle announced it facilitated more than $1 trillion in payments in 2024, marking the highest annual volume recorded ...
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Trump deregulation to speed bank consolidation, Bob Diamond says
Atlas Merchant Capital LLC. Chief Executive Officer Bob Diamond said the regulatory environment under President Donald Trump’s administration will support ...
Transactions: Wells Fargo taps Q2 for real-time insights
Wells Fargo is tapping digital banking service provider Q2 to improve its customer relationship services team, according to Q2’s Feb. ...
Ex-FDIC official McKernan nominated as new CFPB director
Amid the uncertainty surrounding the Consumer Financial Protection Bureau, President Donald Trump has nominated a new director to lead the ...
Falling AI costs to incentivize FI deployment
Regulatory constraints and the handling of sensitive data are key reasons financial institutions are wary of investing in AI deployment ...
Neighbors FCU fights growing fraud with tech
Neighbors Federal Credit Union is grappling with a surge in sophisticated fraud schemes, prompting the lender to adopt new fraud detection ...
CFPB pause prompts concern of ‘regulatory vacuum’
Lenders must be mindful of existing consumer law and state-level enforcement despite the current pause in enforcement activity by the Consumer ...
FIS revenue up 4% YoY to $2.6B amid growing digital banking adoption
Core provider FIS is looking to M&A and strategic partnerships to expand its next-gen banking offerings in 2025. “We feel ...
HSBC UK online banking, mobile apps suffer outage
An outage has been reported on HSBC’s online banking and mobile apps today, according to website DownDetector, which tracks outages ...
JPMorgan adds buy-now, pay-later provider Klarna to its payments platform
JPMorgan Chase & Co.’s payments processing unit is partnering with fintech Klarna to expand buy now, pay later options for ...
