Oct. 3, 2025
| Today’s news and insights for banking industry leaders
Versatile Credit’s consumer financing platform can lead to more sales for merchants and increase access to credit for consumers, the issuer said.
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The move underscores the lengthy and sometimes unsuccessful paths challengers such as Bunq, Revolut and Monzo have faced in obtaining licenses.
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If the company succeeds in its bid to be a merchant acquirer limited purpose bank, it would become the third firm – after Fiserv and Stripe – to do so.
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This playbook explains how banking leaders can deploy agentic AI to automate core operations, reduce manual workload, and improve compliance.
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The Net-Zero Banking Alliance becomes the second United Nations climate-aligned industry group to suspend operations in 2025.
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The Houston-based lender, which “treats M&A as a line of business,” is likely to consider more acquisition opportunities while closing and integrating its two most recently announced deals, an analyst said.
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April Schneider, who joined Wells from BofA last year, said her segment is one of the “top priority rails” on the bank’s growth map.
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Phone scams are up 30% in the past year, with voice deepfakes now costing financial institutions millions. Learn how banks can use advanced AI to detect and stop voice fraud in this webinar.
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