Banking

American Banker Fintech covered a wide range of banking stories this week, including credit unions expanding into a business long dominated by banks, a leadership shuffle at State Street alongside news on Florida's Portrait Bank, and community banks seeking supervisory help in assessing climate risk. It also reported on Truist exiting near-prime auto lending under its new CEO, Amex's continued encroachment on business banking, and a Wyoming bank that has been offline for a week due to a cyber incident. Separately, American Banker Fintech noted that people are using AI to gauge banks' reputations, with verdicts described as harsh.

Fintech Futures focused on core banking and infrastructure partnerships, reporting on Poland's Bank Pekao partnering with NCR Atleos for Authentic card payment infrastructure, I&M Bank modernizing its trade finance services with Surecomp, ConnectPay unveiling a new core banking business called Serdis, and ServisFirst Bank partnering with Covecta to deploy AI agents.

Several newsletters addressed challenger banks and digital banking moves. Payments Wrap Up covered Revolut landing a banking licence in Colombia and applying for one in Switzerland, while Connecting the Dots in FinTech reported that Revolut's data breach has gotten worse. Fintech Snark Tank and Fintech Radar both covered Chime's acquisition of a bank, with Fintech Snark Tank framing it as Chime now having to pay for the bank it bought, and Fintech Radar noting the deal alongside separate items on Meta's agent going shopping and Nubank landing in the US. Bankless covered The Standard Reserve building a new kind of bank onchain, and