Press Releases
55% of Americans Say They Are 'Just About Keeping Up' or 'Falling Behind' Financially: YouGov Report
YouGov's U.S. debt, investment, and savings report 2026 finds that 55% of Americans say they are 'just about keeping up' or 'falling behind' financially, while only 34% report being 'getting ahead' or 'comfortably ahead.' The nationally representative survey of over 1,450 U.S. adults shows consumers cutting both non-essential and essential spending, using savings for everyday expenses, and relying on credit. 58% have some form of debt, 44% have unsecured debt, and 22% have no savings beyond regular expenses. Among those with savings over $1,000, 45% would not invest any in the next 12 months. Only 33% of aspiring homeowners expect to be able to buy a home. YouGov's Kerri Holiman notes a growing disconnect between stability and progress, emphasizing the need for financial institutions to understand how consumers are actually managing their money.
MonMon Inc. and John Smolic, a 5.9% beneficial owner of TC Financial Holdings Inc. (OTCQX: TCNB), have published an alternative proxy statement and uniform ballot to elect alternative directors. Smolic nominated himself and two attorneys after the board unilaterally reduced the number of directors to nine without shareholder notice and issued an incentive plan that could dilute shares. The board's nominees collectively own less than 3% of shares. Smolic is soliciting proxies from at least 67% of shareholders and urges them to vote for his slate.
Newgen Software Technologies announced FY26 results with revenue from operations at Rs 1,574 crore, up 6% YoY. Annuity revenues reached Rs 968 crore, subscription revenues grew 24% YoY to Rs 525 crore, and SaaS revenue increased 36% YoY. PAT excluding exceptional items was Rs 334 crore with a margin of 21.2%. Q4 FY26 revenue was Rs 453 crore, up 5.3% YoY, with PAT of Rs 113 crore. US geography revenue grew 17% YoY, and customers billing over Rs 5 crore increased from 87 to 101. The company added 47 new logos and was certified as a Great Place to Work for the second consecutive year.
BlastPoint's new analysis of FDIC call report data reveals U.S. banks closed 2025 with improved profitability industry-wide, but credit and funding pressures are mounting. Loan delinquency is climbing year-over-year at 958 banks, and non-interest-bearing deposit share is slipping at another 98—the same leading indicator that preceded the 2023 failures of Silicon Valley Bank, Signature Bank, and First Republic Bank. Fifty-two banks are firing both signals at once. The analysis also highlights capital pressures, with 371 banks in the $500M-$5B asset range sitting in the bottom quartile of the well-capitalized Tier 1 range, and Tier 1 capital falling at the largest banks. An operating divide persists between $25B-$250B and $500M-$5B banks, driven by technology spend. M&A activity returned strongly in Q1 2026, with 53 announced bank deals, the largest Q1 by combined deal value since 2019. Other structural forces, including shifting deposit preferences and commercial real estate delinquency, continue to squeeze community-bank net interest margins.
GroundTruth, a ZeroToOne.AI company, announced the launch of Dynamic Intent Prediction, the first large-scale commercial deployment of ZeroToOne.AI's Large Behavioral Model (LBM). These AI-powered ad audiences refresh every 24 hours and predict in-market behavior across windows from 24 hours to 30 days. The LBM ingests 15,000+ behavioral signals across 7M+ U.S. points of interest, retrains weekly, and scores 2B+ MAIDs across 9,000+ categories and brands. Dynamic Intent Prediction audiences delivered a footprint nearly 50x larger than standard audiences, with highest-confidence predictions 8-9x more likely to convert. Available immediately to all GroundTruth customers across QSR, Retail, Automotive, Hospitality, and more, and can be activated on CTV, mobile, streaming audio, digital out-of-home, or desktop.
Narmi announced that Boston Firefighters Credit Union (BFCU) has chosen its Narmi Grow Consumer Account Opening platform to modernize and streamline digital member onboarding. BFCU, under CEO Danielle Milner, sought a partner to update its platform for a faster, intuitive, and fully compliant digital solution. Narmi Grow provides automated self-service account opening, non-documentary identity verification with step-up authentication, integrations with COCC, Alloy, MX, and Pinwheel, and self-service administrative tools. BFCU, with approximately $440 million in assets and COCC as its core provider, aims to optimize onboarding, increase operational efficiency, and offer a secure digital path to membership. Elizabeth Adcock, BFCU's Chief Digital & Information Officer, and Nikhil Lakhanpal, co-founder at Narmi, commented on the partnership.
Shield announced on June 16, 2026, that it has extended its communications surveillance platform to monitor Microsoft 365 Copilot interactions and image-based content. The new capabilities capture every employee prompt and AI response, and extract text from screenshots, scanned documents, and photos, bringing them into Shield's existing archive, search, case management, and surveillance workflows. The move addresses regulatory requirements from FINRA, FCA, and MAR, as AI-assisted communications and image-based content become routine in financial services workflows.
Texas Bank has selected Narmi's Consumer Grow solution to strengthen deposit growth and modernize digital account opening across retail and commercial banking. The platform integrates with Texas Bank's Jack Henry Silverlake core and online banking partner, and includes Narmi Guard for fraud protection. Implementation is scheduled for Q3 2026. The announcement highlights Texas Bank's focus on improving customer experience and back-office efficiency.
Narmi announced an expansion of its partnership with FIS, authorizing Narmi to resell FIS Bill Pay and FIS Zelle. The move gives FIS-core banks a streamlined path to modern digital banking without abandoning the products they rely on. Narmi already works with a significant number of FIS-core institutions on the IBS and Horizon core systems, including NBH Bank, Beacon Bank, Alma Bank, Grasshopper Bank, and Sound Community Bank. The expanded partnership is designed to serve that community better by allowing banks to retain existing FIS products, accelerate digital transformation, and reduce vendor complexity with a single accountable partner.
Kairos Meridian, an independent life sciences consulting firm, launched today to support commercial teams overwhelmed by data, channels, and AI tools. The firm offers big-agency thinking with boutique agility, positioning advice as the product. Led by founder Aaron Uydess, who brings over 25 years of experience across client and vendor sides, Kairos Meridian specializes in go-to-market strategy, omnichannel marketing, data, analytics, and AI in commercial operations. It also serves vendors and private equity investors. The firm emphasizes human judgment and practical, actionable recommendations.