From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems

The activist investor has been targeting an overhaul of the company

Investor claims SVB previously indicated a higher value bid was possible

Also: Southern California Bancorp is to buy Bank of Santa Clarita for $56 million

The OCC has conditionally approved Paxos National Trust for a banking charter

NYCB is to acquire Flagstar in an all-stock merger scheduled to complete later this year

Updates provided in bank’s second annual ESG report

SVB Financial won’t pay more for Boston Private despite opposition from one vocal investor

Independent Bank Corp has announced its acquisition of Meridian Bancorp and Colony Bankcorp seals merger deal with SouthCrest Financial Group

The pandemic greatly accelerated the technology shift as customers were largely unable or not willing to visit branches in-person