First up today, Embedded Finance is making waves by integrating financial services directly within platforms like ride-sharing apps and e-commerce sites, offering a seamless user experience.

Next, three federal bank regulatory agencies are evaluating steps to ensure banks handle risks in their FinTech partnerships, emphasizing effective risk management without setting new supervisory expectations.

In international news, Cuba has banned small businesses from using U.S. bank accounts, complicating financial operations amid a severe economic crisis and high inflation.

Alliant Credit Union has appointed Jamie Warder as its new CIO, aiming to drive digital transformation and enhance member experiences through his extensive expertise in technology and financial services.

Bread Financial Holdings has raised its revenue outlook after a proposed cap on late fees was stalled, benefiting from the ability to maintain higher fee collections.

The costs of implementing Banking as a Service are significant, requiring investment in technology, cybersecurity, and talent, but the potential for scalable revenue and customer loyalty justifies the expense.

Finally, WesBanco, Inc. has announced a definitive merger agreement to acquire Union Community Bank for approximately $105 million, aiming to expand its presence in Ohio.

Thanks for tuning in to Banking on Disruption Daily. Until tomorrow, this is Fred Cadena wishing you success in your digital pursuits.