Account analysis, a procedural chore tucked deep inside treasury operations, has traditionally been known mostly for producing dense monthly statements that few clients read and even fewer bankers enjoy explaining. Safe to say it is one of the most overlooked functions in commercial banking. But...
SoFi Technologies is looking to fund additional business opportunities with an underwritten public offering of $1.5 billion of shares of its common stock. The digital financial services company also plans to grant the underwriter a 30-day option to purchase as much as an additional 15%...
Banks have long treated account analysis as routine maintenance, yet new data shows it has become a decisive factor in revenue integrity and client trust. The shift is clear in the latest PYMNTS Intelligence report, which examines how modern tools are reshaping a function once...
Mexico’s banking sector is reportedly facing pressure from a wave of FinTech challengers. As Bloomberg News reported Friday (Nov. 28), companies like Revolut are expected to begin operating in that country in the first half of 2026, with Brazil’s Nu hoping to become a bank...
The Federal Deposit Insurance Corporation’s Deposit Insurance Fund (DIF) reserve ratio increased four basis points to reach 1.40% in the third quarter. The fund’s balance increased by $4.8 billion to reach $150.1 billion, the FDIC said in a Monday (Nov. 24) press release outlining findings...
U.K. FinTech Revolut has seen its valuation jump by $30 billion in the last year. The company announced Monday (Nov. 24) that it had completed a share sale that gave it a valuation of $75 billion, up from $45 billion last year. “This milestone reflects...
Earnings season has made one trend abundantly clear: the neobank is evolving. What began as a digitally native model built on debit cards and simple spending apps has become something more complex, more regulated, and, increasingly, more sustainable. The models, underpinned by platforms, are enabling...
U.S. Bank now offers its business clients an artificial intelligence-enabled cash forecasting tool powered by Kyriba’s liquidity performance platform. The new U.S. Bank Liquidity Manager leverages traditional methods and AI to deliver cash forecasting, scenario planning and operational efficiency for mid-sized and large firms, the...
JPMorganChase has reportedly reached deals in which FinTech firms will pay the bank for access to customer data. The bank reached deals with Plaid, Yodlee, Morningstar and Akoya, which are among the FinTechs that account for more than 95% of the data requests made by...