Fintech Plaid raises $575M in funding round, eyes IPO
Plaid Inc., the financial-technology company poised for an initial public offering, raised $575 million in a funding round from longtime...
Banking
Survey reveals 75% of banks exploring gen AI use
Nearly 75% of banks are actively exploring the deployment of gen AI technologies according to a Temenos report published today....
Trump tariffs wipe out nearly $2T from US stock market
Roughly $1.7 trillion was erased from the S&P 500 Index at the start of trading on Thursday amid worries that...
Wall Street’s stab at refinancing Finastra’s private debt fails
An attempt to get better terms for Finastra Group Holdings Ltd.’s more than $5 billion debt load — made up...
Grasshopper launches digital banking for ACG members
Grasshopper Bank has completed its acquisition of Auto Club Trust FSB, the banking arm of The Auto Club Group which...
5 questions with … Synchrony SVP of Credit Acquisition Strategy Anita Chalkley
Anita Chalkley, senior vice president of credit acquisition at Synchrony Financial, draws on personal credit challenges to advocate for broader...
Study: Credit unions impress in digital banking, but not mobile apps
Credit unions continue to outperform retail banks in digital banking satisfaction, yet member concerns over mobile app usability have grown....
Fintech funding, M&A and IPOs might see gradual rise in 2025
Fintechs have been in a trough since the Federal Reserve’s interest rate hikes began in 2022, but analysts expect that...
BNY’s strategic approach to BaaS
BNY is tapping into the BaaS market by combining traditional financial services with modern technology and strategic partnerships. (Courtesy/Bloomberg) With...
300 Lloyds execs grab backpacks for AI training at Cambridge
Lloyds Bank is training its top executives on AI so they can better work with AI-driven tools as the bank...
