FirstBank halts core migration amid PNC acquisition
PNC’s acquisition of FirstBank, announced Sept. 8 would see the banks’ full integration by midyear 2026. The deal, with an estimated value of...
At least one VC is using AI for all investment decisions
Venture capital firms are now using AI to make investment decisions. San Francisco-based venture firm Trac.VC is using only AI to determine which...
Robots step in more than ever when credit traders go on vacation
When US credit traders go to the beach, algorithms are increasingly stepping in for them, allowing transaction volume to stay relatively high even...
90% of Varo lending decisions derived through cash flow underwriting
NEW YORK — Varo Bank is upgrading its underwriting systems to develop deeper customer relationships and grow. The $486 million digital bank was...
Transactions: U.S. Bank embeds new SMB offerings
U.S. Bank is expanding its small business offerings with launches of two embedded solutions this month. On Sept. 4, the $673 billion bank...
Klarna’s IPO gives fintechs a boost
Buy now, pay later service provider Klarna made its debut on the public market today, which could encourage other fintechs to do the...