London-based Revolut Business is accepting American Express cards to boost revenue. Revolut clients can accept American Express card payments via channels including Tap to Pay, Revolut Gateway and…
Read more Revolut Business, Amex team up for payments acceptanceEverBank has announced plans to acquire Sterling Bank for $261 million, through a stock purchase agreement. Jacksonville, Fla.-based EverBank is set to acquire Sterling’s 25 branches, $900 million…
Read more Transactions: EverBank to acquire Sterling Bank for $261MChicago-based Alliant Credit Union has selected Jamie Warder as its chief information officer and head of business strategy, effective July 8. In his new role, Warder is responsible…
Read more Movers and shakers: Alliant Credit Union appoints Jamie Warder as CIO | Bank Automation NewsExpense management solutions provider fintech Brex is saving an average enterprise customer up to 300 hours per month in employee expense compliance efforts through its AI-driven Brex Assistant. …
Read more AI, tech advancements at Brex | Bank Automation NewsWelcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at Brex’s latest round of layoffs, the state of fintech investing in 2023 and…
Read more Inside Brex’s efforts to burn less cash | TechCrunchExpense management company and neobank Brex announced today it will lay off 282 employees, roughly 20% of its workforce. The move will help Brex become “a high-velocity company”…
Read more Brex lays off nearly 20% of workforce | Bank Automation NewsCard payments network giant Discover Financial Services has named Michael Rhodes as chief executive and president. He is expected to take the helm of the company by March…
Read more Discover appoints Rhodes as new CEO | Bank Automation NewsWelcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your…
Read more Inside Brex and Ramp’s AI ambitions | TechCrunchAlly Financial and Brex rolled out AI-driven virtual assistants this week. Ally debuted a customer representative assistant to help service team members aid clients more efficiently while Brex’s…
Read more Brex, Ally roll out AI-driven chatbots| Bank Automation NewsBrex is automating the accounts payable process with AI-driven expense controls across multiple payment types to help business clients manage their budgets. The San Francisco-based digital bank recognized…
Read more Brex launches AI-driven AP solution | Bank Automation NewsPacWest Bancorp is set to merge with Banc of California and raise $400 million in equity from investors, the financial institutions announced Tuesday. PacWest had been in talks…
Read more Banc of California to buy PacWest | Bank Automation NewsFinancial institutions are looking to data-sharing consortiums to defend against financial crime as consumer fraud losses reached nearly $9 billion in 2022 and generative AI is enabling fraudsters…
Read more FIs Divided on Fraud Data Control | Bank Automation NewsBrex, a credit-card startup, has seen a surge in usage of its products following this year’s regional banking turmoil. The company has surpassed $100 million in annual recurring…
Read more Fintech Brex’s revenue surges after regional bank turmoil | Bank Automation NewsDigital banks have experienced growth in deposits and customer base since the fall of Silicon Valley Bank as startups look to digital banks for forward-thinking communities that prioritize…
Read more Digital banks gain market share post-SVB | Bank Automation NewsCustomers have opened 4,000 accounts with finance and technology company Brex since the collapse of Silicon Valley Bank on March 10 as fintechs look to banking providers that…
Read more 4K accounts opened with Brex since SVB collapse | Bank Automation News
