Banking

How digital Grasshopper Bank is scaling this year

Grasshopper Bank announced Aug. 5 it completed a $46.6 million funding round that has sparked growth momentum and new goals.  The funding round...

Inside one credit union’s search for a CTO

University Federal Credit Union is on the hunt for a chief technology officer.  The $4 billion credit union is prioritizing agility, scalability and...

Embedded finance changing along with CFPB

Embedded finance and automated lending services are under threat as policy and regulatory changes continue under the Donald Trump administration.  After nearly seven...

Oracle cuts jobs in cloud infrastructure unit amid AI spending

Oracle Corp. is cutting jobs in its closely watched cloud unit, the latest company taking steps to control costs amid heavy spending on...

Transactions: HSLC, Triad Bank select Vine Financial for automated lending

Two financial institutions have tapped automated lending service provider Vine Financial within the past month.  The $227 million HSLC and the $224 million...

U.S. Bank’s efficiency ratio trends down, clocking in at 59.2% in Q2

U.S. Bank is looking to manage expenses without cutting corners on technology, and its steadily decreasing efficiency ratio is proof of the effort. ...