If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the Paris Olympics, and nearly any and every business relying on a Microsoft Windows computer system found themselves grappling with a...
This quarter’s bank earnings, like the macroenvironment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth Third Bancorp executives, who told investors during a second-quarter 2024 earnings call on Friday’s (July 19), “Geopolitical tensions remain elevated...
Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for total loans were down 0.1% compared to the previous quarter and down 1.3% compared to the second quarter of 2023,...
In today’s digital world, effective use of data defines increasingly defines business success. That makes it critically important for businesses to define what both good data and bad data looks like. Data isn’t created equally, making enterprise-level data standardization key to fueling decision-making, unlocking operational...
July 22, 2024
Innovation within payments and commerce is increasingly centered on fostering global financial interoperability and inclusion. Already, the first half of 2024 has been particularly action-packed for the payments industry, marked by significant technological advancements and strategic initiatives aimed at reducing transaction costs as a key way to spur greater interoperability and financial inclusion. “There are […]
July 19, 2024
In a business landscape that moves fast, standing still can be fatal. Digital innovation has sharpened the knife of inertia, and the collaboration between traditional banks and FinTech companies is...
July 17, 2024
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the...
July 17, 2024
Wind the clock back just a few years, and online transactions were a disjointed experience. After filling a cart at a merchant’s site, upon checking out a user would be...
July 19, 2024
Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for total loans were down 0.1% compared to the previous quarter and down 1.3% compared to the second quarter of 2023, the parent company of 1,250-location Regions Bank said in a […]
July 18, 2024
Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company calls “long-standing limitations” of static...
July 18, 2024
London-based FinTech wamo has raised $5 million to develop small to medium-sized business (SMB)-focused banking solutions. In addition to the growth investment, CEO and founder Yanki Onen said on the company blog Thursday (July 18), wamo...
July 18, 2024
Coast has raised $40 million in new Series B financing to accelerate adoption of its solutions for fleet payments. The company will use the new funding to grow its team,...
