The planned merger between FirstSun Capital Bancorp and HomeStreet, Inc. has encountered significant obstacles, as regulators have refused to grant the necessary approvals. The Federal Reserve and the Texas Department of Banking have requested that FirstSun and its subsidiary, Sunflower Bank,
In the complex landscape of banking, one of the most significant challenges remains the inefficiency and regulatory complexities involved in client onboarding. Extended onboarding times and inflated costs are frequent issues, as highlighted during a recent webinar organized by Chartis and
Entering the world of fintech can be an exhilarating journey, but it also presents unique challenges, particularly when it comes to navigating complex banking regulations. This article unfolds the intricate landscape that fintech companies must traverse, focusing on key strategies and case studies
European Banks Struggle to Meet 2025 Instant Payment Regulations European banks are grappling with significant challenges as they gear up to comply with the European Union's new instant payment regulations slated for 2025. These stringent regulations mandate that banks must process payments
Open Banking is at the forefront of a financial revolution, fundamentally changing how banks, customers, and third-party providers interact. By securely sharing banking data through APIs (Application Programming Interfaces), Open Banking fosters innovation, improves customer experiences, and offers
In a significant move for the financial sector, Treasury Prime, a leading embedded banking software provider, has announced a strategic partnership with Greenlite, an AI-driven compliance platform. This collaboration seeks to bolster anti-money laundering (AML) and risk management capabilities
