September 25, 2023
40% of Manufacturers Say Real-Time Payments Among Most Important Innovations

About two-thirds of manufacturers said real-time payments are an important innovation within their company. Among these manufacturers, 40% said real-time payments are one of the most important innovations within their...

September 21, 2023
Antitrust & Regulatory Compliance in the 21st Century: New Challenges,...

We have previously made the case that the high penalties for cartels, the expansion of leniency programs, the new incentive provided by the U.S. Department of Justice, and the increased...

September 13, 2023
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept. 13), elevates the leaders of the banking giant’s...

September 13, 2023
Roam Launches Service Connecting Homebuyers With Assumable Mortgages

Roam launched a service that helps homebuyers secure home loans as low as 2% through the mortgage assumption process. The debut comes as the company has secured a $1.25 million...

September 12, 2023
Wells Fargo CFO Expects More Layoffs in Drive for Efficiency

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming...

September 11, 2023
JPMorgan Chase CEO Criticizes Capital Rules Proposed by US Regulators

Jamie Dimon, the chairman and CEO of J.P. Morgan Chase & Co., has reportedly voiced his criticism of the stricter capital rules proposed by U.S. regulators. Speaking at a conference in...

September 06, 2023
RTP Network Hits Milestone of 1 Million Daily Payments

The RTP network topped 1 million payments on a single day: Sept. 1. This accomplishment highlights the growing adoption of real-time payments and the benefits they bring to financial institutions...

September 05, 2023
Home Trust Offers Mortgage Clients Digital Banking Via Platform

FinTech firm ebankIT, in collaboration with Home Trust, launched a digital platform to offer seamless and integrated user experiences to Home Trust’s mortgage clients, according to a Tuesday (Sept. 5)...

September 05, 2023
Tata Consultancy Services and FundingShield Collaborate Against Wire Fraud

Tata Consultancy Services (TCS) and FundingShield have partnered to enhance accessibility to wire fraud prevention tools in the financial services industry. With the increasing prevalence of cybersecurity risks, lenders are placing greater emphasis...