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Banks, Insurers ‘Struggling to Retain and Recruit Staff’

Banks, Insurers ‘Struggling to Retain and Recruit Staff’

Staff turnover increased 35% year-on-year, on average, according to WorkFusion
First Bancshares to Buy Beach Bank for $117M

First Bancshares to Buy Beach Bank for $117M

The acquisition is a move to strengthen First Bancshares’ presence in the Florida panhandle region
Banking-as-a-Service Industry Group Opens Doors

Banking-as-a-Service Industry Group Opens Doors

Sutton Bank and Bankers Helping Bankers set up new group to represent the rapidly growing sector
OCC Censures Anchorage Digital Bank over AML Failings

OCC Censures Anchorage Digital Bank over AML Failings

Anchorage was the first ‘digital asset’ bank approved by the regulator last year
Neo-Banks Attracting Small Business Clients, Research Finds

Neo-Banks Attracting Small Business Clients, Research Finds

Up to 24% of small businesses with under $1 million in annual revenue use neo-banks
Federal Reserve Adds Alacriti to FedNow Showcase

Federal Reserve Adds Alacriti to FedNow Showcase

Central bank instant payment service to be rolled out next year following strong demand from businesses
Dutch Auto-Banking App Raises €3.5M for European Expansion

Dutch Auto-Banking App Raises €3.5M for European Expansion

Fintech company Flow Your Money plans to use investment to grow its self-driving money platform
Strong Corporate Earnings Versus Treasury Yields

Strong Corporate Earnings Versus Treasury Yields

If the market was a person, it would be fair to say it had a change of heart on Thursday
Credit defaults increase in March for fourth consecutive month

Credit defaults increase in March for fourth consecutive month

S&P/Experian indices showed bank card default rates increased the most, rising 12 basis points
Majority of Americans believe racism present in US financial and credit scoring systems

Majority of Americans believe racism present in US financial and credit scoring systems

New survey finds a distinct lack of consumer trust, despite efforts by the industry to make practices more equitable
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Dana Weinstein is Head of Product at Tesser, bringing eight years of experience building payments products across US domestic and cross-border rails.

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