With the new offering, the fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.

It was already a stretch to get revamped capital requirements across the finish line unobstructed. Now they reportedly face a “‘no”’ vote from an outspoken Democrat.

The advisory firm will settle SEC charges for asset overvaluation and illegal cross trades conducted between January 2017 and April 2021 related to a discontinued fixed-income investment strategy.

The bank cited regulators’ changing expectations. Banking-as-a-service accounts for 2% of Five Star’s deposits and less than 1% of its loans and two of its 12 clients have already begun offboarding, ...

Newgen Software, a global provider of an AI-led digital transformation platform, announced its partnership with Old Second National Bank, one of the oldest banks in the US. To enhance its account ...

If smaller banks aren’t able to attract more deposits, they may have to get comfortable with slower loan growth, the CEO of New Jersey’s First Bank suggested.

Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.

Raymond Chun, TD’s head of Canadian personal banking, will become the lender’s next CEO, as the bank works to resolve issues within its U.S. anti-money laundering program.

Encapture announces a new data validation solution that will enhance compliance reporting in line with the expansion of the ...

The crypto-heavy bank's parent company has no remaining lines of business and followed its subsidiary into Chapter 11 on Tuesday.

Regulators’ revamped guidelines increase the agencies’ discretion, which is likely to stoke industry uncertainty and, perhaps, extend the timeline to approval, analysts say.

How credit unions can embrace data, open technology and diverse markets to succeed in the world of open finance.