June 14, 2024
Elder Scams Spike as More Boomers Move Online

As more baby boomers and seniors go online to get their banking done — making payments, investing and paying bills or taxes — the fraudsters are finding elder abuse of...

June 14, 2024
NYCB Discloses Signature Bank’s Total Fair Value Was $37.8 Billion

New York Community Bancorp (NYCB) released financial information about its March acquisition of certain assets of Signature Bridge Bank, the successor to Signature Bank, from that bank’s receiver, the Federal...

June 14, 2024
They Said What? Notable Quotables From This Week in PYMNTS

This week in PYMNTS, industry insiders discuss everything from composable banking to network tokenization to which tradeoffs lipstick buyers are and are not willing to make. The Future of Credit...

June 14, 2024
Deposit Tokens Gain Favor in Commercial Banking

There’s a new on-chain token in town, and it’s not the one you’re thinking of. While there exists a variety of “tokens” within the 21st-century payments and financial services landscape,...

June 14, 2024
VersaBank Seeks Canada’s Permission for Stearns Bank Acquisition After US...

VersaBank needs only one more regulatory approval to proceed with its acquisition of Stearns Bank Holdingford. The bank received approval from the Office of the Comptroller of the Currency (OCC) Friday (June...

June 14, 2024
Why Banks Are Starting to Care About MACH Architecture

Financial institutions (FIs) can’t meet the evolving needs of digital-first customers with traditional solutions and infrastructure.  That’s why the finance industry must continually modernize the banking experience — and its...

June 14, 2024
FinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple...

Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%. Affirm Gets a Bump from...

June 13, 2024
UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder

A Thursday (June 13) ruling by a London High Court judge reportedly resolved a legal dispute between J.P. Morgan Chase & Co. and Haris Karonis, the founder and CEO of...

June 13, 2024
Wells Fargo Employees Let Go for Using ‘Mouse Jigglers’ at...

Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of...