Here’s why fintechs are acquiring banks
A trend is emerging in the increasingly crowded financial services industry: fintechs are acquiring banks rather than the other way...
Banking
Wells Fargo CEO Scharf to join board as chairman
Wells Fargo's board on July 31 announced its plans to appoint Chief Executive Charlie Scharf as chairman. With the additional...
Movers and shakers: Citi hires Pankaj Goel to co-lead technology investment banking
Citi hired Pankaj Goel to co-lead technology investment banking. Goel joins Citi from JPMorgan Chase, where he was global chair of technology investment banking, Bloomberg reported July...
Santander tech spend down 10% QoQ, but efficiency up
Santander Bank is increasing efficiency and boosting sales even as it cut its technology spend by 10% in the second...
European banks tout Q2 AI adoption
Barclays, HSBC, Lloyds and NatWest reaped the benefits of AI in the second quarter, with the financial institutions reporting improved...
SoFi’s ‘one-stop shop’ strategy yields results
SoFi remains committed to investing in its tech stack to gain customers and to provide that tech to other FIs. ...
J.P. Morgan on agentic AI in embedded payments
J.P. Morgan Payments has implemented emerging technology into embedded finance to streamline processes, validate data and scale onboarding. “There’s a...
Fintech Funding: Fintechs raise $10.5B in Q2
Signs of a rebound in global fintech funding surfaced in the second quarter. Globally fintechs raised $10.5 billion in the...
Inside Bluevine’s strategy for developing AI-driven financial adviser and insights tool
Bank services provider Bluevine is developing AI-driven tools that provide financial advice and insights to small- and medium-sized business clients...
Discover integration cost Cap One $299M in Q2
Capital One expects the integration of Discover Financial’s operations and tech stack to be costlier than anticipated. The bank spent...
