How banks can avoid fintech woes; TD, BMO push back mergers; hackers circle

Five types of risks that threaten bank-fintech partnerships: The many advantages banks can obtain from working with financial technology companies are undeniable. But so are the dangers.

Sign up here?to receive?American?Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.

Here's what else we're covering today:

Amex adds B2B tech to address clients' economic pressures: American Express has rapidly expanded its business products this year, focusing on the hardships caused by inflation and supply-chain issues.

Hackers sniff opportunity as banks permit more data sharing: Banks are increasingly using application programming interfaces that transfer customer information to third-party money-management apps popular with consumers. But fraudsters are exploiting vulnerabilities in the technology to steal information.

TD, BMO push back their timelines for closing M&A deals: Both Canadian banks are awaiting green lights from regulators for their pending acquisitions of U.S. banks. "We don't control the timing of all the regulatory approvals," TD 's chief executive said.

Read more on regulation: Newtek's bank conversion plan gets green light from OCC after long wait. With the final piece of its regulatory puzzle in place, Newtek , a business development company and the nation's No. 3 SBA 7(a) lender, plans to complete its acquisition of National Bank Of New York City in January.

New CEOs named at four credit unions: Small credit unions in Texas, Virginia, South Carolina and Florida have selected new leaders to succeed retiring executives or fill a vacancy.