January 2024 - Page 8

Fifth Third Bancorp plans to open 31 new branches in the Southeastern United States in 2024, following the opening of 37 branches in the region in 2023. The move is part of

TLDR: – Traditional banks are facing challenges in the rapidly evolving world of embedded finance – Non-bank players, including tech giants and payment service providers, are reshaping the game – Global Payment

TLDR: WCAS acquires fintech firm EquiLend. WCAS is investing an additional $200 million to support EquiLend’s growth initiatives and acquisitions. WCAS, a private equity firm, has announced its acquisition of fintech firm

Welsh, Carson, Anderson and Stowe (WCAS), a US private equity firm, has purchased a majority stake in EquiLend, a securities lending platform. The deal, subject to regulatory approvals and expected to be

TLDR: US banks are expanding their presence in the European midmarket as they leverage their investments in digital technology to transform payment and transaction services. These banks view their global reach and

The global Banking-as-a-Service (BaaS) market is projected to experience significant growth in the coming years, according to a new industry report. The market is expected to expand at a compound annual growth

The U.S. Supreme Court is considering overturning the “Chevron standard,” a rule that has long dictated how congressional, judicial and regulatory agency actions interplayed. The standard allowed for federal courts to defer

TLDR: U.S. Senator Bob Menendez participated in a Senate Banking Committee hearing on the importance of outpacing China in emerging technologies. Menendez highlighted his work to create a comprehensive plan to confront

Green Bay-based Associated Bank has announced the appointment of Steven Zandpour as executive vice president and director of retail banking. Formerly the U.S. head of specialty sales at BMO, Zandpour will be

TLDR: Vertice, a SaaS and cloud spend management platform, has raised $25 million in a Series B funding round. The company plans to use the capital to fuel product innovation and expand