Application programming interfaces allow software programs to talk to each other. They are a potential solution to the current industry standoff over sharing of bank customer data with aggregation sites; in the long term, they could transform how banking is done, making customer relationships less sticky but opening up new revenue models for financial institutions. This paper lays out the basic issues surrounding APIs.
California's 47th Congressional district, which is being vacated by Rep. Katie Porter, D-Calif., after her unsuccessful bid for California's senate seat, is being sought by law professor and Democrat David Min, who has been an outspoken progressive on banking issues. Running against him is Republican Scott Baugh, who ran unsuccessfully against Porter in 2022.
TD Bank Group's asset cap, USAA's overcharging settlement and the failure of a community bank in Oklahoma are part of some of the top issues plaguing bankers this year.
Amerant in Coral Gables has relied on partnerships with South Florida athletic franchises to build brand awareness and help ease its expansion in Tampa.
The impact of both presidential candidates' fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve's outlook for monetary policy, which has become more aggressive toward rooting out inflation.
Investors brushed off a potentially prolonged week of U.S. election results and instead focused on fresh economic data.
In a tough market for fintechs, Brex, Green Dot, Marqeta, and others are looking for ways to connect their clients to services outside of banking, a strategy that comes with regulatory risk.
