Banking

Banking
Earnings Season Gives Glimpse Into Big Banks’ Private Credit Ambitions
October 20, 2024

The big banks have weighed in this earnings season — not just on credit and debit, and consumer spending and Basel endgames … Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Evolve to Return Funds to Synapse Brokerage End Users
October 20, 2024

Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by the Synapse bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Banks Cut Interest Rates Paid on Corporate Deposits
October 20, 2024

Banks are reportedly cutting the interest rates they pay on corporate deposits faster than those they pay on consumer deposits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Regions ‘Monitoring’ Debit Interchange Rule as Card Income Dips
October 18, 2024

Regions Bank’s profit dipped during the third quarter as deposit costs rose and loan demand fell. 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...

Banking
SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
October 16, 2024

Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. 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,...

Banking
Monzo Business Customer Base Exceeds 500K
October 16, 2024

British neo-bank Monzo says it now has more than 500,000 business customers. 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...

Banking
Why So Many Mid-Sized Banks Fail the Digital Lending Readiness Test
October 16, 2024

Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly true for small to mid-sized businesses (SMBs). While 70% of FIs have automated consumer lending, only 33% have done so...

Banking
Financial Stress Can Become Moment of Engagement for Community Banks  
October 16, 2024

There’s no shortage of static when it comes to financial advisors with wellness advice these days. Social media feeds, banking apps, 24-hour news channels and podcasts are all crowded by influencers, experts and a never-ending deluge of what it takes to be financially secure. In...

Banking
Amount Targets ‘Deposit Drift’ With Account Opening Platform
October 15, 2024

Banking technology firm Amount has introduced its unified account opening and loan origination platform. 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...