Credit unions (CUs) are increasingly collaborating with financial technology firms (FinTechs) to deliver innovative financial products and services. This shift in dynamics is designed to address the limitations that CUs face, such as constrained budgets, limited technical expertise, and smaller
In what could mark a significant move towards accountability within the banking sector, the Federal Deposit Insurance Corp. (FDIC) is seriously contemplating filing lawsuits against former executives and directors of Silicon Valley Bank (SVB). This decision is centered on allegations of severe
In a move that is set to significantly alter the financial landscape of Boston, Brookline Bancorp and Berkshire Hills Bancorp have announced a merger valued at $1.1 billion, which will result in the creation of a new banking entity with $24 billion in assets. The merger between these two historic
In a rapidly evolving world where technology and customer expectations are constantly changing, traditional banks face the challenge of transforming their services to stay competitive and relevant. Digital banking is no longer just about handling transactions; it's about creating immersive
In today's rapidly evolving financial landscape, the question of what truly drives fintech innovation remains a critical topic of discussion among industry professionals and analysts. Despite a recent dip in venture funding, the fintech sector continues to demonstrate remarkable resilience and
Mariner, a leading national financial services firm, has significantly increased its presence across the United States through the acquisition of two prominent firms, Atlas Financial in Sarasota, Florida, and Newport Advisory in Newport Beach, California. This strategic expansion incorporates a
Rep. French Hill (R-AR) has been chosen as the next chair of the House Financial Services Committee, a prominent position entrusted with overseeing major federal financial entities including the Department of the Treasury and the Federal Reserve. Hill's appointment follows the retirement of Rep.
Bank Al Yousr has recently been honored with the prestigious "Excellence in Islamic Corporate Banking – Morocco, 2024" award by the Global Brand Frontier Awards, conducted by Boston Brand Research & Media. This recognition underscores the bank's prominent role as a leader in Sharia-compliant
In a significant move that underscores the growing synergy between cybersecurity and financial technology, Gen Digital, headquartered in Tempe, Arizona, has struck an agreement to acquire New York-based fintech company MoneyLion in a cash transaction valued at approximately $1 billion. This
In the dynamic landscape of private banking and wealth management, UBS and Barclays exemplify two markedly different approaches to cultivating growth, especially with regard to their strategies concerning the U.S. market. The divergence in their plans and subsequent actions reveals a lot about each
