When banks sell insurance units; how gen AI helps payment scams

This company wants to buy your insurance business: Gallagher has been a prolific acquirer, purchasing the insurance brokerages from multiple banks over the last year. Its management has indicated it has another $3.5 billion that it can use for more deals.

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How gen AI is assisting payment scams: Cybercrime-as-a-service tools are using generative artificial intelligence in new ways to crack payment card security, according to a new report from Arkose Labs .

True Digital's banker-funded vendor review network is now free to access: The move by the company's new CEO is designed to promote greater network effects and benefits for paying members. Bank CEOs say the network helps smaller banks compete.

RIP BSBY: Bloomberg to shut down its lagging Libor replacement. The BSBY interest rate benchmark was originally envisioned as a successor to the once-ubiquitous Libor rate. But it failed to gain much traction, and Bloomberg now plans to shut it down next year.

First Busey strikes deal to expand in Chicago: The Champaign, Illinois-based company said it would pay $41.6 million to acquire Merchants and Manufacturers Bank , which has five branches in the Greater Chicago area.

Know a dynamic woman leader in the payments industry? It’s time to apply for the annual Most Influential Women in Payments awards.