Presto CEO Steps Down After 15 Years
Presto CEO Steps Down After 15 Years
March 27, 2023  |  Personnel

Restaurant automation firm Presto is seeking a new chief executive. The company announced Monday (March 27) that founder and CEO Rajat Suri had resigned after...

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Regulators Look Closer at ‘Shadow Lending’ Following SVB Crisis
Regulators Look Closer at ‘Shadow Lending’ Following SVB Crisis
March 27, 2023  |  Banking

Could the next financial crisis spring from the world of “shadow lending?” It’s something regulators and bankers are concerned about, Bloomberg News reported Monday (March...

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Platforms and Digital Payments Help Modernize ‘Smokestack’ Economy
Platforms and Digital Payments Help Modernize ‘Smokestack’ Economy
March 27, 2023  |  Supply Chain

The industrial economy has long been in need of a digital makeover. The mainstays of industry — where things are made, the tangible goods from...

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Visa Competing to Acquire Banking and Payments Platform Pismo
Visa Competing to Acquire Banking and Payments Platform Pismo
March 27, 2023  |  Acquisitions

Visa is reportedly competing to acquire cloud-based banking and payments platform Pismo. The company has boosted its offer for the Brazilian-based FinTech company from $1...

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US Crypto Clampdown Continues as Fed Guts Custodia Bank Application
US Crypto Clampdown Continues as Fed Guts Custodia Bank Application
March 27, 2023  |  Cryptocurrency

Crypto’s existential moment continues, as U.S. regulators can’t get past “fundamental concerns” with the sector.  This, as an order published last Friday (March 24), decisively unpacked the federal reserve’s...

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Report: Big Banks’ Deposit Surge Following SVB Collapse Has Slowed
Report: Big Banks’ Deposit Surge Following SVB Collapse Has Slowed
March 27, 2023  |  Banking

A wave of deposits into big banks following the regional banking crisis has reportedly slowed. After Silicon Valley Bank (SVB) failed earlier this month, unease...

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CFTC Seeks to Ban Binance From US
CFTC Seeks to Ban Binance From US
March 27, 2023  |  Legal

The Binance crypto-trading platform and its CEO Changpeng Zhao have been charged with violating U.S. regulations in federal court. The Commodity Futures Trading Commission (CFTC) charged Zhao, Binance Holdings Limited,...

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ClearBank Says Inflows Jumped 20% During SVB Crisis
ClearBank Says Inflows Jumped 20% During SVB Crisis
March 27, 2023  |  Banking

Silicon Valley Bank’s loss is apparently U.K. embedded banking firm ClearBank’s gain. The company’s CEO said customer flows into its platform rose by 20% during...

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