Are Altruist's technology and low fees enough to tame the giants?

Wednesday, August 12, 2026

Altruist has earned legions of fans among financial advisors for sleek technology and low, clear fees. But its critics question whether that is enough to catch up to the giants that have dominated the business for decades.

Beneficial ownership regime's demise removes tool for banks

Wednesday, August 12, 2026

The Treasury's Financial Crimes Enforcement Network's decision to permanently exempt U.S. businesses from disclosing their true owners eliminates a database banks hoped would help them satisfy their customer due diligence.

Supporting clients with caregiving can yield 'return on empathy'

Wednesday, August 12, 2026

As clients ask advisors for help navigating caregiving resources, advisors who are able to provide trusted referrals may find clients return the favor with referrals of their own.

Western Union's LatAm strategy faces fintech pressure

Wednesday, August 12, 2026

Amid threats from immigration policy and emerging fintechs, International Money Express, a global remittance company and $500 million acquisition target for Western Union, reported a 18% year-over-year decline in revenue in the second quarter with analysts questioning whether the purchase holds the same value as it did a year ago when the deal was first announced.

CU vendor TruStage faces 14 suits over monthslong outage

Wednesday, August 12, 2026

The company, which says it serves 93% of credit unions, expects most key processes to run by mid-August. Its status page still said "Investigating" Wednesday.

BofA strikes $1.9 billion deal for stake in India lender Jio

Wednesday, August 12, 2026

The move gives Bank of America a stronger foothold in the Indian market by investing in one of the fastest-growing financial firms in the region.

New Jersey is latest frontier in NY bank's reinvention

Wednesday, August 12, 2026

Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.

Beyond ROI: How banks can better measure AI impact

Wednesday, August 12, 2026

This is the first in a three-part series on measuring AI impact. Subsequent pieces will explore related organizational and methodological challenges.

Apple executive in charge of pay and wallet services is leaving

Wednesday, August 12, 2026

Apple Inc.'s Jennifer Bailey, the longtime head of Pay and Wallet services, is retiring after more than two decades at the company, adding to a sweeping changing of the guard at the iPhone maker.

Goldman Sachs to acquire ETF provider Neos in $2.3 billion deal

Wednesday, August 12, 2026

The cash-and-equity deal will add a fast-growing ETF issuer to the Wall Street giant's roster of offerings.