Category: Corporate Banking

May 10, 2022

U.S. Bank announced today that it has entered into a collaboration agreement with trade-finance fintech LiquidX to help expedite and simplify supply-chain transactions between suppliers and buyers. This collaboration – which comes at a time of unparalleled stress in the […]

May 2, 2022

The legal cannabis industry is growing exponentially each year, creating extraordinary opportunities for financial institutions to offer services to this largely underbanked, niche market. Revenue from direct marijuana businesses alone is expected to exceed $48 billion by 2025, part of […]

April 28, 2022

CoVantage CEO Charlie Zanayed cited LincolnWay’s success in commercial development and real estate lending as a net positive for the credit union in the deal. “By partnering with LincolnWay Community businesses, we can deliver the size and scale that is […]

April 18, 2022

Bank of America set aside just $30 million to counter potential credit losses, CNBC reported — far less than the likes of Citi or JPMorgan, which hold greater exposure to Russia. “[Russia] has never been a big part of our […]

April 13, 2022

Double-digit percentage-point declines littered the first-quarter earnings report for the nation’s largest bank Wednesday. Rising interest rates sent home loan originations down 37% and auto loan originations down 25%. That contributed to a 57% drop in profit in JPMorgan’s consumer […]

March 14, 2022

Buying Horizon would give Arizona Federal six new locations and help it expand into the western half of the Grand Canyon State. The bank held $539.5 million in assets, $259.9 million in loans, $471.7 million in deposits and $43.4 million […]

February 21, 2022

Banks face a highly competitive landscape filled with thousands of other banks, credit unions and financial technology companies. Could proving your values be a powerful way to differentiate your institution in such an environment? A 2021 Edelman survey found that […]

February 7, 2022

The round also saw participation from Coinbase Ventures as well as existing investors BECO Capital, QED Investors and Rising Tide. Tribal is a B2B payments and financing platform for emerging markets. It initially launched its beta spend management platform to […]

January 27, 2022

The financial services multinational says the “strategic investment” supports the firm’s plan to expand its payments business targeted at European SMEs and middle market merchant services clients. The financial terms of the transaction have not been disclosed. Founded in 2000, […]

January 27, 2022

The platform will serve as the foundation of the bank’s digital-first wealth management offering. UBS says the move underscores its US expansion ambitions as it looks to grow its customer base by catering to “the next generation of investors”. Wealthfront […]

December 17, 2021

Tinkoff, which currently serves more than 18.5 million customers, plans to open a subsidiary bank in the Philippines as part of its wider Asian expansion strategy. Reports that the firm was seeking a banking licence in the country came to […]

December 15, 2021

When it comes to payments, a sea-change is underway in the US, where a series of updates to existing payment rails, as well as the introduction of new, real-time solutions and overlay services, looks set to revolutionise payments as we […]

December 14, 2021

Overnight, the Bank of Canada (BoC) agreed to extend the 2% annual inflation mandate, which was set to expire on January 1. This allows BoC policymakers more flexibility in combating rising prices while waiting for the economy to absorb labor […]

November 30, 2021

The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services SMEs and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team, including co-founders Mikhail Kirichenko and Anton […]

November 29, 2021

The takeover is intended to support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus was launched in 2013 and its platform enables businesses to launch and offer payment solutions. Users include BBVA, Santander, […]

November 16, 2021

U.S. Bancorp, the parent company of U.S. Bank, has entered into an agreement to acquire TravelBank, a San Francisco-based fintech company that provides an all-in-one, tech-driven expense and travel management solution. TravelBank is easy to use for employees and helps […]

November 1, 2021

The J.D. Power survey included responses gathered between June and August from 7,327 small-business owners and “financial decision-makers.” The research firm found customer satisfaction ranked 13 points higher, on average — 829, among customers of national banks, as opposed to […]

October 27, 2021

Valley Bank, a $41 billion-asset institution based in New Jersey said its new payment platform will provide a solution to an industry-wide cash issue plaguing its cannabis-related businesses by allowing their customers access to a mobile wallet payment system. The […]

October 26, 2021

Competition in the banking sector has heated up over the past year as a result of the COVID-19 pandemic accelerating the shift to digital services. But, as businesses and local communities re-engage with more in-person interactions, community financial institutions (CFIs) […]

October 20, 2021

American Express and Goldman Sachs announced a collaboration on Wednesday to offer AmEx’s virtual cards through Goldman’s corporate banking platform, Goldman Sachs Transaction Banking (TxB). The new digital offering aims to make business-to-business (B2B) payments easier and more streamlined for […]