Fifth Third Sees Comerica Merger Wins
Fifth Third Bancorp is seeing early results of its merger with Comerica, is making progress on the integration and is set to launch its systems conversion over Labor Day weekend, Fifth Third Chairman,…
Regions Bank’s Mobile Upgrade Drives Digital Transactions to 80%
Regions Financial Corp. reported continued growth in customers’ digital usage and transactions during the second quarter, with President, CEO and Chairman John M. Turner highlighting its online banking and mobile app offerings as “key…
AI Is Coming for Your Job Title
Artificial intelligence may or may not take your job, but it has already broken into the human resources department and vandalized the org chart. The evidence is all over LinkedIn,…
Ethics Battle Freezes Clarity Act Ahead of Senate Recess
With the Senate set to go on recess in three weeks, after Aug. 7, the Clarity Act is still facing several hurdles, Bloomberg reported Friday (July 17). Several Democrats involved in…
The Hidden Cost of B2B Payments Is Manual Work, Not Fees
The cost of getting paid in B2B commerce is often hiding in plain sight. Finance teams continue to measure payment cost through the most visible inputs: transaction fees, bank charges,…
Kalshi Launches Prediction Markets for Clinical Trials
Prediction market Kalshi and public intelligence company AppliedXL have launched a pilot program that allows trading on clinical trial outcomes and Food and Drug Administration (FDA) regulatory decisions. The companies…
New York Regulator Proposes Licensing Rules for BNPL Lenders
“Today DFS formally proposed regulations to establish a licensing and supervision framework for buy now, pay later (BNPL) providers operating in New York,” the department said in a Wednesday post on…
Stripe and Advent Make $53 Billion Play for PayPal
PayPal shares jumped about 16% in premarket trading Wednesday after reports that Stripe and Advent International submitted a joint $60.50-a-share offer, valuing the company at more than $53 billion. The…
Velocity Raises $38M as Stablecoins Reshape Business Finance
Velocity raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, according to a Tuesday (July 14) press release….
Price Hikes Trigger Smartphone Sales Slump
Global smartphone sales dropped to their lowest second-quarter level in 13 years as manufacturers passed on to consumers the rising cost of memory components, Counterpoint Research said in a Monday…
