Mercury Announces $300 Mn Series C Round at $3.5 Billion Valuation
March 27, 202511 min
Achieves 10 consecutive quarters of profitability and $500M annual revenue
The new offerings, Sumsub ID and Reusable KYC, enable seamless and secure identity verification across 4000+ Sumsub client platforms while protecting user data and ensuring compliance.
M&T Bank (NYSE: MTB) has announced Charles Pinckney, Regional President for Albany, will take on the additional responsibility of Regional President for M&T Bank’s Hudson Valley region. Pinckney has assumed these additional responsibilities to help strengthen M&T’s presence in the community and enhance service to customers throughout the region. Pinckney succeeds Mark Stellwag, who announced his planned retirement at the end of 2024. In this expanded role, Pinckney will partner closely with the community bank leadership team for the...
BaaS Leader Synctera Raises $15M; Signs Bolt, Its Largest Customer To Date
March 12, 20256 min
The $15M investment, co-led by Fin Capital and Diagram Ventures, combined with signing its largest customer to date, Bolt, and partnership with Hawk, a pioneer in the use of AI in fighting financial crime, cements Synctera’s leadership position in BaaS and embedded finance.
Renasant Bank Expands NCR Atleos Partnership for Growth
February 27, 20254 min
NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that $17.5 billion-asset Renasant Bank has expanded its relationship with Atleos. By deploying Atleos’ Activate Enterprise, the bank enhanced its ITM and ATM program with modern software to better serve customers and support ongoing growth. Renasant Bank operates 185 banking centers across Mississippi, Tennessee, Alabama, Florida and Georgia, and the bank recently acquired The First Bank, which will...
The Union Bank Company & Candescent Partner to Elevate Digital Banking
February 14, 20254 min
Community bank selects Candescent for leading customer experience, flexibility and open architecture
OneConnect Integrates DeepSeek into AI Agent Platform
February 13, 20253 min
OneConnect Financial Technology Co., Ltd (“OneConnect” or the “Company”, NYSE: OCFT, HKSE: 6638), a business technology service provider for financial institutions, launches its proprietary AI Agent Platform, integrating cutting-edge open-source large language models including DeepSeek and Qwen to deliver a comprehensive AI solution tailored specifically for the banking industry. This innovative initiative aims to accelerate the digital transformation of the banking sector, enabling financial institutions to enhance operational efficiency and improve customer experience through advanced AI capabilities. By adopting a dual-engine strategy—“Open-source...
A New Era of Personalized Interactions in Banking: The Rise of AI-Driven Generative Search Engines
January 22, 202515 min
AI-driven generative search engines are reshaping banking, enhancing customer interactions and operational efficiency for financial institutions.
Alliant Credit Union Recognized as Top Employer in Chicago by Built In
January 13, 20254 min
The fully digital mission-driven credit union named one of Chicago's Best Midsize Places to Work and Chicago's Best Places to Work
Heritage Financial Corporation Appoints Karen R. Saunders to its BOD
December 20, 20244 min
Heritage Financial Corporation (“Heritage”) (Nasdaq: HFWA) is pleased to announce the appointment of Karen R. Saunders to its Board of Directors. Ms. Saunders was also appointed to the Board of Directors of Heritage’s wholly-owned subsidiary, Heritage Bank. The appointment is effective January 1, 2025. “We are pleased to welcome Karen to our board of directors,” said Brian L. Vance, Board Chair. “Karen brings the depth of audit, finance, and financial services experience we were searching for along with extensive executive...