Chime has agreed to acquire Stride Bank, N.A., its banking partner of more than seven years, for $590m in cash, ending the neobank's reliance on rented banking infrastructure and pulling a national charter directly onto its own balance sheet. The all-cash deal, announced on 8 September 2026, will convert Stride into a wholly owned subsidiary named Chime Bank, N.A. and, subject to regulatory approval, close in the first half of 2027. What is Chime actually buying? The headline

Citi has launched Custody+, a modular suite of near- and real-time custody services, as its patented Single Event Processing technology completes its United States rollout and pushes more than 80 per cent of the bank's total asset-servicing event volume into real-time processing. The launch, announced on 18 August 2026, repositions one of the world's four largest custodians for an industry moving towards continuous trading, compressed settlement cycles and, later this year, n

Flagstar Bank, one of the largest regional banks in the United States with roughly $87.7bn in assets, has selected the Finxact cloud-native core banking platform from Fiserv as the foundation for a full replacement of its legacy systems. The decision makes Finxact the system of record and transaction engine at the centre of Flagstar's technology overhaul, and represents one of the larger core banking migrations undertaken by a US regional lender in the current cycle. The bank

Intuit (Nasdaq: INTU) has moved its conversational AI into the daily financial workflows of mid-market finance teams, adding a chat interface, multi-entity close automation, and multi-currency support to Intuit Enterprise Suite and QuickBooks Online Advanced. The expansion, rolling out to US customers now, positions the company against entrenched mid-market ERP incumbents at the moment agentic AI is redrawing the category. At the centre is Intuit Intelligence Chat, a conversa