America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. That bank’s collapse last year sent shockwaves through the industry, but now, executives at mid-sized banks told the Financial Times (FT) Monday (Jan. 29), the pressure to keep depositors from leaving has begun to...
Regional banks across the United States are reportedly deciding to cut back on lending in order to preserve capital and improve margins. Banks are unloading low-yielding bonds and loans or letting them mature and not replacing them in order to raise the average interest rates...
Ohio-based bank Fifth Third Bancorp has acquired the embedded payments platform Rize Money. The deal, announced Monday (May 22), is designed to boost Fifth Third’s treasury management business, which it says is projected to surpass $130 million in annual revenue this year. “This acquisition is another example of Fifth Third’s...
Wage growth is still on the rise despite the recently cooling job market, leading some employers to turn to pay-related “perks” in order to retain workers. Bureau of Labor Statistics data published earlier this month noted that hiring has cooled from its previous breakneck pace....
November 11, 2022
Fifty-five percent of consumers say their pay is falling behind in the race against inflation. Amid consumer anxiety about the rising cost of living, employees say they want more from payroll — including financial wellness benefits. A recent PwC survey found that more than three-quarters of financially stressed employees said they would be drawn to […]
April 22, 2022
As the pandemic has pushed all sectors of the economy toward greater digitization, B2B payment functions have become increasingly dependent on technological solutions, and that trend is not going away....
November 02, 2021
Data may be the new currency, but it is mobility that will help leverage that data to forge the connected economy. To that end, a trio of payments professionals told...
October 15, 2021
Digital payments are quickly becoming the new normal worldwide, with more than $6.6 trillion in digital payments expected to crisscross the globe this year. This growth is not likely to...
May 14, 2024
Fifth Third Bank is working with business payments provider Bottomline to offer new payment options. The companies debuted of Enhanced Payables — powered by Bottomline and its business payments network, Paymode-X — designed to help customers streamline their payment processes and enhance cash flow management and efficiencies, according to a Tuesday (May 14) press release. “Efficiency in accounts payable starts with modernizing how […]
January 29, 2024
America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. That bank’s collapse last year sent shockwaves through the industry, but now, executives at mid-sized banks told the...
July 24, 2023
Regional banks across the United States are reportedly deciding to cut back on lending in order to preserve capital and improve margins. Banks are unloading low-yielding bonds and loans or...
May 22, 2023
Ohio-based bank Fifth Third Bancorp has acquired the embedded payments platform Rize Money. The deal, announced Monday (May 22), is designed to boost Fifth Third’s treasury management business, which it says is projected to surpass...
