First Citizens and Valley National Reportedly Competing for SVB Assets
First Citizens and Valley National Reportedly Competing for SVB Assets
March 26, 2023  |  Banking

Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the...

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Restaurants Put the Person Into Payments
Restaurants Put the Person Into Payments
March 25, 2023  |  ResTech

Taking a tip from digital, restaurants are personalizing the in-person payment experience with diner data. Take, for instance, Panera Bread, which is leveraging Amazon One...

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Bank of America Reshuffles Lending Unit Employees
Bank of America Reshuffles Lending Unit Employees
March 24, 2023  |  Banking

Bank of America has reportedly shifted some employees from its wealth management and lending unit. Fewer than 200 employees were moved out of the unit,...

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Raisin Raises $64.7 Million to Expand Investment and Savings Platform
Raisin Raises $64.7 Million to Expand Investment and Savings Platform
March 24, 2023  |  Investments

Raisin has gained 60 million euros (about $64.7 million) in a Series E round. The Berlin-based FinTech company will use the new funding to add...

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Vital Raises $24.7 Million for AI-Powered Healthcare Solutions
Vital Raises $24.7 Million for AI-Powered Healthcare Solutions
March 24, 2023  |  Investments

Vital has raised $24.7 million in Series B funding for its artificial intelligence (AI)-powered healthcare solutions. The company helps hospitals better communicate with patients by...

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Payment Innovations Tackle Trade Finance Gap as Banks Pull Back
Payment Innovations Tackle Trade Finance Gap as Banks Pull Back
March 24, 2023  |  Payments Innovation

The old adage is that banks lend when you don’t need the money. When capital is hard to come by or when there’s the hint...

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New Report Examines FinTech Issuer Performance on Critical Money Movement Features
New Report Examines FinTech Issuer Performance on Critical Money Movement Features
March 24, 2023  |  Money Mobility

Money mobility has become a top priority for consumers continuing their journey into a more connected economy. Beyond frictionless moving funds from accounts, mobility now...

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Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
March 24, 2023  |  Acquisitions

Customers Bancorp is reportedly working to put together an offer for Silicon Valley Bank. The Pennsylvania-based bank is exploring such a deal and seeking potential...

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Healthcare Firms Move Real-Time Payments Higher on Priority List
Healthcare Firms Move Real-Time Payments Higher on Priority List
March 24, 2023  |  Healthcare

If sector organizations haven’t already implemented real-time payments, nearly all plan on it. With the short-term concerns of handling a pandemic mostly passed, healthcare and...

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