With profits and margins at all-time lows, the U.S. banking system is in flux as customer deposits surge and make the safety net for failures fall below a legal limit, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock...
Many financial institutions (FIs), including some of the world’s biggest, found out the hard way that core legacy banking systems were not immune from COVID’s unpredictable effects on network volumes and server workloads as the population moved life online, including banking. Get the Full Story...
The pandemic has accelerated modernization efforts among banks across the globe, but not all banks are created equal when it comes to cloud adoption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
“Haphephobia” is the fear of being touched, or of touching other things. Safe to say most people are now familiar with some form of this anxiety, as news reports keep frightening us with the notion that the coronavirus may lurk on any surface, ATM or...
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Citigroup Inc. has discovered obsolete software caused a nearly $1 billion problem earlier this month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Lumin Digital has inked a multi-year deal that will have the company providing its cloud-based digital banking platform to Texas-based Shell Federal Credit Union. “Shell FCU will have more than 70,000 active users when it launches on the platform, which is slated for February of next...
Even cloud-native banks can struggle to roll out solutions with the speed that customers need. In the latest Digital Banks And The Power Of The Cloud Tracker, Andrew Smith, director of technical operations for online business bank, Holvi, explains how to efficiently scale and deploy...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...