Banking

Watch: Why technology enables smarter merchant acquisition Merchant acquisition has become both an opportunity and a strategic pressure point for banks, sitting at the intersection of growth ambitions and regulatory accountability. In ...

Credit unions can find opportunity in navigating technology shifts and trends while keeping members at the center, Velera President and CEO Chuck Fagan writes in a new PYMNTS eBook, “2025’s Over/Under: ...

Consumer spending among millennials and Generation Z is not merely holding up. It’s underwriting earnings growth across financial services and retail, while pulling daily financial life deeper into mobile channels. Gen ...

Varo Bank said its all-digital nationally chartered bank is entering a new stage of growth after raising $123.9 million in a Series G round led by existing investor Warburg Pincus and new investor Coliseum ...

The merger between Fifth Third Bancorp and Comerica Incorporated closed Monday (Feb. 2), forging an institution with roughly $294 billion in assets and signaling a reshaping how regional banks compete ...

Digital financial services giant Nu received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States, according to ...

Cryptocurrency exchange ByBit reportedly wants to look more like a bank. The company plans to begin offering banking services, including accounts that allow users to hold balances in U.S. dollars and other fiat ...

The White House’s crypto council plans to host a summit for executives from trade groups representing the banking and cryptocurrency industries in an effort to restart progress that was being ...

Visa, JPMorgan Chase and Bank of America are among the companies that will support Trump Accounts. Set to be launched this year, Trump Accounts will be tax-advantaged investment accounts for U.S. ...

Today’s digital-first shoppers are happy to let artificial intelligence lend an electronic hand as they shop online for everything from clothing to groceries. However, most are nowhere close to handing over ...

The rise of stablecoins could pose a grave threat to America’s regional banks. That’s according to a new analysis from investment bank Standard Chartered, cited in a report Tuesday (Jan. 27) ...

Eleven banking and credit union groups sent a joint letter to members of Congress, urging the lawmakers to reject the Credit Card Competition Act (CCCA) and any expansion of the Durbin ...

The 21st century has seen a shift in how nonbanks enter the financial system. During 2025, the Office of the Comptroller of the Currency (OCC) received 14 de novo charter applications, ...

Wells Fargo appointed Amazon Web Services (AWS) executive Faraz Shafiq as head of AI products and solutions, effective Feb. 9. Shafiq will oversee the vision, roadmap and development for artificial intelligence-powered ...

Comptroller of the Currency Jonathan Gould reportedly said that the Office of the Comptroller of the Currency’s (OCC) work to relax leveraged-loan rules for banks will reduce the regulatory burden on those lenders and ...

A bill advanced to the House of Representatives by the House Financial Services Committee aims to reduce unnecessary regulatory burdens on community banks and small credit unions, the committee said ...

Banks are increasingly turning to artificial intelligence to cut costs and improve customer service, with savings showing up most clearly in call center operations. At KeyCorp, the parent of KeyBank, CEO ...

Swiss banking giant UBS reportedly plans to begin offering cryptocurrency trading in response to growing demand from wealthy clients. UBS has been considering partners for this push into crypto for months ...

Citigroup reportedly plans to lay off an unspecified number of employees in March after cutting about 1,000 jobs this month. The March layoffs are likely to involve managing directors and senior employees ...

Buy now, pay later (BNPL) provider Affirm aims to establish a bank subsidiary called Affirm Bank. Affirm submitted applications to the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation ...

Hackers only need to get it right once to wreak havoc. This week, a congressional committee hearing, “Oversight of the Department of Homeland Security: CISA, TSA, S&T,” underscored that openings are ...

Capital One paired its fourth-quarter earnings report Thursday (Jan. 22) with the announcement of its acquisition of Brex, positioning the deal as a structural move deeper into business banking and ...

Capital One plans to acquire expense management platform Brex for $5.15 billion.  The companies have signed a definitive agreement, and the transaction is expected to close in the middle of the year, subject to customary closing conditions, Capital One ...

From a current level of about $2 trillion,  assets in the private credit sector are projected to reach roughly $30 trillion by the end of the decade according to some ...

Bank of America’s Brian Moynihan is the latest CEO questioning a proposed 10% credit card interest rate cap. That cap, proposed earlier this month by President Donald Trump, would slow consumer ...

Regions Bank has launched a partnership with payments technology company Worldpay. The collaboration, announced Wednesday (Jan. 21), is designed to improve how the bank’s business clients accept payments and manage cash ...

As Pay by Bank becomes more visible in the U.S. payments market, one group of consumers is clearly leading the way: those who use digital banks. “Pay by Bank Deep ...

Growth in a digital world requires standout digital infrastructure and tooling. That’s supported by findings in the new report “When ‘Good Enough’ Isn’t Enough: Digital Identity Verification in the Age of ...

Citigroup Chair and CEO Jane Fraser said Tuesday (Jan. 20) that she does not expect Congress to support the 10% cap on credit card interest rates proposed by President Donald ...

At the World Economic Forum in Davos, global banking chiefs, FinTech leaders and regulators converged on a shared reality: AI is reshaping finance faster than institutions can adapt alone. The path ...

U.S. Bancorp said Tuesday (Jan. 20) that its payments transformation contributed to its achievement of record net revenue of about $7.4 billion during the fourth quarter. This payments transformation was one ...

KeyCorp’s fourth-quarter results, released on Tuesday (Jan. 20), underscored a bank leaning into artificial intelligence (AI) and automation as tools of execution discipline, with an eye on wider transformation. Management ...

Mastercard and Moneythor have partnered to add personalized experiences to First Abu Dhabi Bank’s (FAB’s) digital channels. This collaboration will provide the bank with Mastercard’s payments innovation experience and Moneythor’s enrichment ...

Fraud is no longer just a cost line item for banks and payment firms. It is increasingly a force that shapes how institutions invest, modernize and compete. That is the central ...

PNC Financial Services Group is fueling record investment in technology with the efficiencies it has gained through past deployments of automation and artificial intelligence (AI). During a fourth-quarter earnings call, held ...

Some of the world’s largest banks posted their final earnings for the 2025 fiscal year this week. The most surprising narrative from firms like Citigroup, JPMorgan Chase, Bank of America, BNY, ...

Talk of an artificial intelligence (AI) bubble may be missing the more contrarian reality: AI capability is advancing so fast that the economic payoff is less a mirage than a ...

Regions Financial Corp.’s fourth-quarter results underscore increased digital engagement and deployment of artificial intelligence (AI) across the enterprise. The Friday (Jan. 16) report underscored normalizing lending and credit trends, along with ...

White House National Economic Council Director Kevin Hassett said Friday (Jan. 16) that he expects big banks to offer “great new Trump cards.” Speaking on Fox Business, and asked about President ...

Tokenization, and specifically, tokenized deposits, has seen growth in concrete use cases inside the banking system. Rather than replacing deposits or payment rails, banks are exploring tokenized deposits as a way ...

Efforts are reportedly under way to restart the movement of the crypto markets bill that stalled in the Senate on Wednesday (Jan. 14). Coinbase CEO Brian Armstrong, who withdrew the cryptocurrency exchange’s support ...

The latest earnings from Goldman Sachs, released Thursday (Jan. 15), highlight a firm increasingly defined by digital engagement, artificial intelligence and automation, even as management signaled a decisive shift away ...

Bank of America’s fourth-quarter results underscored how deeply digital engagement, automation and artificial intelligence are now embedded in the company’s operating model against a backdrop where consumer spending settles into ...

Wells Fargo is seeing early results of its efforts to grow after the Federal Reserve removed an asset cap it imposed on the bank in 2018 after an account-opening scandal. The ...

HSBC is reportedly considering selling its insurance business in Singapore, which could be valued at over $1 billion. Some other insurance and investment companies have shown interest in HSBC Life (Singapore), ...

Watch more: TechReg Talks: Davis Wright Tremaine’s Steve Gannon The pursuit of bank charters by FinTechs and cryptocurrency-focused firms is accelerating, driven less by novelty and more by pragmatism. As these ...

Card programs have become tools in modern payments, enabling banks, FinTechs and non-financial brands to extend financial services, deepen customer relationships and unlock new revenue streams. However, as their reach expands, ...

Global financial services company BNY is focusing on digital assets and other new products and solutions as one of its four strategic priorities. The other strategic priorities are serving its clients as ...

By any reasonable definition, stablecoins work. But “working” is not the same as working compliantly. Built to move value at internet speed, stablecoins promise and provide a cleaner, faster alternative to ...

U.S. Bancorp plans to accelerate the growth of its capital markets business by acquiring BTIG. The planned acquisition of BTIG, a financial services firm specializing in investment banking, institutional sales and ...

Citigroup plans to cut 1,000 jobs this week as part of a restructuring plan announced two years ago, Bloomberg reported Monday (Jan. 12), citing unnamed sources. The bank said when announcing the plan that ...

Capital One will reportedly pay $425 million and pay higher interest rates on certain accounts to settle a class action lawsuit alleging that depositors were cheated out of high interest ...

Global digital payments provider Checkout.com secured approval for a Georgia bank charter. The approval for its Merchant Acquirer Limited Purpose Bank (MALPB) charter from the Georgia Department of Banking and Finance ...

The goal for financial institutions isn’t to keep pace with the artificial intelligence-driven evolution of fraud. It’s to outpace it. The PYMNTS Intelligence report “2025 State of Fraud and Financial Crime ...

A bill introduced in the U.S. House of Representatives Wednesday (Jan. 7) aims to support community banks by tailoring regulation to the size of the bank and making it easier ...

HSBC reportedly agreed to pay 268 million euros (about $312.9 million) to French tax authorities to settle charges of tax fraud. French prosecutors alleged that between 2014 and 2019, the bank’s ...

A subsidiary of World Liberty Financial, the decentralized finance company co-founded by members of the Trump family, has submitted an application to the Office of the Comptroller of the Currency ...

Chase is set to become the new issuer of the Apple Card credit card, with that role transitioning from the current issuer, Goldman Sachs, in about 24 months. The change was announced by Apple and Chase in a Wednesday (Jan. ...

Consumer payments platform Zilch plans to acquire Fjord Bank to gain a European banking license that will enable Zilch to accelerate its expansion across Europe. The transaction is expected to close ...

Colorado lender National Bank Holdings (NBH) Corporation has finalized its acquisition of Texas-based Vista Bank. The $377 million deal, announced Wednesday (Jan. 7), is designed to increase NBH’s footprint in three ...

Artificial intelligence’s most visible applications might arguably be chatbots and customer service experiments. However, AI is steadily finding inroads into the operational core of financial services, reshaping how banks analyze information, ...

Amsterdam-based neobank bunq has formally launched its campaign for an American banking license. The company announced Wednesday (Jan. 7) that it had filed for a de novo banking license with the ...

Credit unions face a retention challenge that has less to do with age than with architecture. That is the central takeaway from “Digital-First Retention Playbook: Winning Gen Z Loyalty at Credit Unions,” a ...

Morgan Stanley is reportedly entering the cryptocurrency exchange-traded fund (ETF) space. The Wall Street bank has submitted paperwork for a Bitcoin Trust and a Solana Trust, each of which would hold ...

Connection to the Federal Reserve has always meant more than mere plumbing. It is the difference between operating at the edge of the financial system and being wired into its core, ...

Watch more: TechReg Talks with Rodney Hood The U.S. banking charter, as the name implies, has traditionally been the preserve of legacy institutions built on branches, balance sheets and incremental change. In ...

An industry once dominated by national banks is being reshaped as FinTechs turn their attention to smaller institutions, with credit unions emerging as the partnership destination of choice. That shift is ...

JPMorgan Chase has launched a service designed to offer clients more insights into its expertise. The banking giant’s “Special Advisory Services” initiative, announced Monday (Jan. 5), is designed to offer advice beyond standard merger ...

Pay by bank is no longer an unfamiliar concept in U.S. payments, but it has yet to earn a permanent place in consumers’ daily spending habits. The payment method, which allows ...

Commerce Bancshares, the parent company of Commerce Bank, has completed its previously announced acquisition of FineMark Holdings, the parent company of FineMark National Bank & Trust. This merger makes Kansas City, ...

Mergers and acquisitions (M&A) reached historic numbers during 2025. Now, dealmakers are hopeful that 2026 will bring more of the same, The Wall Street Journal (WSJ) reported Wednesday (Dec. 31). This year saw a ...

Thousands of European banking sector workers could face AI-related job losses by 2030. Artificial intelligence (AI) and branch closures will drive this trend over the next five years and lead to a 10% ...

For many financial institutions, particularly small banks and credit unions, collaborating with FinTechs has become one of the most effective ways to modernize products, improve customer experiences and remain competitive ...

Relaxed rules in the U.S. around banking mergers have reportedly caught the eye of activist investors. That’s according to a report Tuesday (Dec. 30) by The Wall Street Journal (WSJ), which said this ...

Tokenization is steadily reshaping how financial assets are recorded and moved, and support from regulators is paving the way for wider use across financial services. At its simplest, tokenization converts an ...