Persistence pays off for an Indiana community bank
The $2.4 billion-asset company's retooled SBA lending subsidiary just posted its best three-month performance since the spring of 2022
https://www.americanbanker.com/news/persistence-pays-off-for-an-indiana-community-bank
How FirstBank cures burnout within its security teams
https://www.americanbanker.com/news/how-firstbank-cures-burnout-within-its-security-teams
Why adding #BaaS partners is no easy task for fintechs
There are more fintechs that require a sponsor bank than there are sponsor banks to support that need
https://www.americanbanker.com/news/why-adding-baas-partners-is-no-easy-task-for-fintechs
The ‘joiner’ era of bank M&A has begun
In less than two weeks since the Capital One-Discover deal received sign-off, Columbia, Eastern and Cadence Bank have all announced deals. So have a host of smaller institutions.
How #Stablecoins shake up the financial 'super app' battle
PayPal and Circle, two U.S. firms that are trying to build what are called financial super apps, are making stablecoins a major piece of how users link to other functions
Bankers pessimistic about economy due to tariffs, rate risks
Nearly three-quarters of bankers believe the U.S. is either already in a recession or will enter one within the next year
https://www.americanbanker.com/news/bankers-pessimistic-about-economy-due-to-tariffs-rate-risks
Citizens CFO heads to State Street
Brendan Coughlin, meanwhile, was named Citizens’ president. John Woods’ exit from the bank appears to solidify Coughlin’s status as a potential CEO successor.
Big banks ramp up #AI hiring as gains materialize
JPMorgan Chase, Wells Fargo and Citi led the talent recruitment charge over the last six months, according to Evident Insights research.
https://www.ciodive.com/news/banks-ramp-up-ai-hiring-roi-efficiency-gains-evident-insights/746673/
PayPal targets European branded service growth
The payments pioneer is betting #BNPL and a better app experience will trigger growth in Germany and the U.K., its biggest European markets.
https://www.paymentsdive.com/news/paypal-branded-european-payments-service-growth-earnings/746682/
Challenges fintechs face when they become banks
Challenges a fintech could face as it becomes a bank include regulatory concerns, scaling for multiple product offerings and adjusting core business models
https://www.americanbanker.com/news/challenges-fintechs-face-when-they-become-banks
LendingClub's profits get hit by macroeconomic uncertainty
In the first three months of 2025, net income for the San Francisco-based lender was $11.7 million, below analysts' average estimates
https://www.americanbanker.com/news/lendingclubs-profits-get-hit-by-macroeconomic-uncertainty
Mastercard invests $300M in Corpay unit
The card network invested in the cross-border business of its corporate payments partner as the companies agreed to expand their partnership.
https://www.paymentsdive.com/news/mastercard-corpay-investment-cross-border-b2b-payments/746699/
Fannie Mae earnings fall as Pulte pledges turnaround
A credit-loss provision drove Fannie Mae's earnings to the low-end of the range they've been in for the past decade
https://www.nationalmortgagenews.com/news/fannie-mae-earnings-fall-as-pulte-pledges-turnaround
Toast, Clover fight for restaurant customers
The fledgling fintechs have gobbled up a significant share of the U.S. restaurant point-of-sale market, but they’ll increasingly be battling industry heavyweights.
https://www.paymentsdive.com/news/toast-clover-restaurant-customers-competition/746525/
Listen to Jim Marous’ interview with Tim Rutten, CMO at Backbase, where they discuss how FIs can unlock their growth potential in an increasingly competitive and rapidly evolving market.
https://thefinancialbrand.com/banking-podcasts/unlocking-bankings-growth-mode
The future of finance is inclusion, or it's no future at all
Strong economic growth and future prosperity hinges on the ability of everyone in society to access financial services, writes Thomas Warsop, of ACI Worldwide.
JPMorgan Chase CISO warns software industry on supply chain security
In an open letter, Patrick Opet said third-party vendors need to embrace secure development practices over speed to market.
https://www.cybersecuritydive.com/news/jpmorgan-chase-ciso--software-supply-chain-security/746476/
Uber expands test with an exotic payment – cash
The company is testing more cities in which drivers will take cash, aiming to attract riders who don’t have credit or debit cards.
https://www.paymentsdive.com/news/uber-expands-test-with-an-exotic-payment-cash/746464/
Columbia CEO: Latest merger will avoid snags of the last one
Some investors have been skittish about how smoothly the transaction will go, following the Tacoma, Washington-based bank's 2023 merger with Umpqua Holdings
https://www.americanbanker.com/news/columbia-ceo-latest-merger-will-avoid-snags-of-the-last-one
