Banking

  • REPORT: Payment Tech Tops FIs’ Innovation Agendas

    July 31, 2019 Report-Payment-tech-top-FI-agendas The financial world is awash in hot tech topics these days, from blockchain to artificial intelligence (AI). However, financial institutions (FIs) are getting better at separating vital areas of innovation ...
  • Cap One Hack Hits 100M Credit Card Applications

    July 30, 2019 Data-breach-exposes-100-million-credit-applicationsCapital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. The company revealed Monday (July 29) ...
  • How Faster Pay Fuels the Trucking Industry

    July 24, 2019 Truckers haul 71 percent of America’s freight tonnage, keeping retailers supplied and in business — but not without challenges. Slim margins, emergency needs and mounting daily expenses can halt day-to-day ...
  • High-Yield Deposit Accounts Come To Robo-Advisory Service Betterment

    July 24, 2019 High-yield checking and savings are now being offered by online wealth advisor Betterment as a way to attract new customers.  “It’s really hard for banks to follow us here,” Betterment founder ...
  • Why ING Is Taking A Platform Approach To PSD2 And Open Banking

    July 18, 2019 digital-banking-PSD2As the second Payment Services Directive (PSD2) brings more third parties into the European financial world, banks are seeing a shift in their relationships with customers. To withstand the shift, ...
  • Data: Credit Union’s Most Underutilized Asset

    July 18, 2019 Data is where it’s at, and more credit unions (CUs) are waking up to the fact that without sophisticated analysis of customer data, they risk being left behind as financial ...
  • Bank Innovation That Heeds The Needs Of The ‘Digital Native’

    July 18, 2019 In financial services, there is a big gap between recognizing the need for innovation and actually innovating. Joe DeRosa, executive vice president at i2c, explains why firms must eye the ...
  • SWIFT gpi Service For Multi-Banked Corporates Goes Live

    July 17, 2019 SWIFT Selects Javier Pérez-Tasso As New CEOMore than 50 of the world’s largest companies have already started using a new service that enhances payment flows, allowing a single view of transactions across multi-banked corporates. SWIFT announced July ...
  • Avidia Entices FinTechs With Real-Time Payments

    July 15, 2019 Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12). In a press release, Avidia said it will ...
  • UK Lender Starling Loses Four Executive Employees

    July 12, 2019 Co-Founder Among Executives Quitting StarlingAmid expansion efforts of U.K. digital bank Starling, several senior executives — including Julian Sawyer, Starling’s co-founder and chief operating officer — have left this year. The exits come at a ...
  • Regulators Eye ‘Excess Capacity’ In European Banking System

    July 8, 2019 Regulators Eye European Banking SystemIn Europe, and specifically in banking, mergers – not for scale, but for efficiency? To that end, Andrea Enria, the European Central Bank supervisor, said this past week that the European ...
  • How FinTechs Team With Banks For RTP Solutions

    July 5, 2019 How FinTechs Team With Banks For RTP SolutionsFinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange, for instance, worked with Fifth Third Bank to ...
  • Japan Joins Chorus Of Regulators Worried About Libra

    July 5, 2019 Japan Joins Chorus Of Regulators Worried About LibraThe Bank of Japan (BOJ), Japan’s central bank, has joined in with other regulators and officials around the world in its worry over Facebook’s proposed cryptocurrency Libra, according to reports.  The ...
  • IBM Testing Lygon Blockchain Platform To Streamline Property Leasing

    July 4, 2019 ANZ, Commonwealth Bank, IBM, Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new digital platform using blockchain technology to digitize the ...
  • Fundation Pulls Community Bank Into FinTech Collaboration

    July 3, 2019 Provident-Bank-Partners-With-FundationLarge financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with ...
  • Google Pay Now Supports Cards From 13 More US States

    July 3, 2019 Google PayAhead of the Fourth of July holiday, Google Pay has rolled out mobile support for cards from 13 U.S. banks. Services like Google Pay must come to an agreement with ...
  • NCR On D3 Acquisition And Banks Being ‘Digital-First’

    July 3, 2019 In the financial services ecosystem, there are relatively invisible sources of power and fuel, those operations perhaps not well known in the mainstream, but which play vital roles. That holds ...
  • Do Bigger Budgets Mean More Innovation?

    July 2, 2019 banking professionalsSmaller banks and large financial institutions have been subject to a paradox where smaller banks are known to be more consumer-friendly, but the trade-off has been that they are slower ...
  • Tech Stumbles As Banks’ Compliance Pressure Rises

    July 2, 2019 When reports last week in the Financial Times (FT) highlighted the thousands of offshore bank accounts frozen by Lloyds Banking Group, the news thrust the issue of anti-money laundering (AML) ...
  • Aussie Banks Push Back Against Plan For Deeper Credit Checks

    July 1, 2019 Banks In Australia Push Back On Credit ChecksIn response to plans by regulators to require banks to conduct more detailed credit checks in lieu of depending upon indices, banks in Australia are pushing back. The No. 2 ...
  • Building Project Libra’s Infrastructure From Scratch

    July 1, 2019 Building Project Libra’s InfrastructureFacebook’s Libra crypto push brings together 28 companies (so far), across industries, to shape its charter and go-to-market approach. However, what do these founding members, with different priorities, ultimately want ...
  • Deep Dive: How Biometrics And AI Are Improving Banks’ Customer Experiences

    July 1, 2019 How Biometrics And AI Are Improving Banks’ Customer Experiences Passwords are increasingly vulnerable in today’s day and age. Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used ...
  • Why Drive, Not Size, Is Key To FI Innovation

    July 1, 2019 Smaller banks and credit unions enjoy a reputation of offering more personalized services than large financial institutions (FIs). When it comes to technological innovation, however, the smaller players have long ...
  • The State Of India’s Digital Payments Progress — And Future

    July 1, 2019 The digital transformation of India’s payments landscape is underway, through government mandate, and a slew of banking and FinTech players. Jeremy Wilmot, group president at ACI Worldwide, tells Karen Webster ...
  • Meet Facebook Libra’s Founding Architects

    June 28, 2019 Project Libra To Rely On New Infrastructure As payments become smarter, they will require a new underlying ecosystem to support them. The urgency to develop more efficient infrastructures is being driven by the rise of the global ...
  • Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

    June 27, 2019 Brazil’s Big Blockchain BounceThe digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. And while the continual drumbeat of announcements ...
  • Demica Opens Trade Finance Platform To Banks

    June 27, 2019 Trade and receivables financing company Demica is launching a new platform for banks to bolster their own financing operations, reports in Global Trade Review said on Wednesday (June 26). Demica’s trade ...
  • Weighing Faster Payments Opportunity And Risk For Corporates

    June 27, 2019 New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S., accelerated transaction is gaining speed, too. According to the latest ...
  • Hearings Scheduled For BB&T, SunTrust Merger

    June 25, 2019 The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker, the committee will ...
  • Banks Are Increasingly Trying To Monetize Data Troves

    June 21, 2019 Banks Are Increasingly Trying To Monetize Data TrovesBanks are increasingly looking for ways to monetize the large troves of data they hold on customers, be it with credit card sales or offering discounts on a customers’ special ...
  • Deep Dive: Why CU-Issued Credit Cards Face An Uphill Battle

    June 21, 2019 Customers weigh various factors when selecting their financial institutions (FIs). A recent study conducted by financial services provider Kasasa and The Harris Poll found approximately 84 percent of Americans determine ...
  • Conflict Of Interest Claims Hit UK SMB Bank Dispute Plan

    June 21, 2019 The U.K. is moving forward with plans to develop a dispute resolution service (DRS) for small businesses (SMBs) mistreated by banks, but reports in the Financial Times said the head ...
  • For FI Account Openings, Serving The ‘Segment Of One’

    June 21, 2019 A disconnect looms in financial services, one that can doom relationships between financial institutions (FIs) and customers from the beginning. Studies have shown that 70 percent of applicants want to ...
  • Deutsche Bank AML Probes Now Reach The US

    June 20, 2019 Troubles With Deutsche Bank Continue With More AML InvestigationsDeutsche Bank has been implicated in a criminal probe for failing to follow money laundering laws, according to a report by The Financial Times. The report is connected to a whistleblower ...
  • Huawei CEO: Banks Were Aware Of Firm’s Activities

    June 20, 2019 Facebook Bans Apps On Huawei SmartphonesThe head of Huawei claims the banks involved in the U.S. case against his company knew about all of its business activities. In an exclusive interview with CNBC on Wednesday (June ...
  • AML/KYC’s Data Confidence Crisis

    June 20, 2019 The last thing anyone wants to hear from a financial organization is that the people tasked with risk management are feeling less than confident about their ability to do the ...
  • HSBC Taps Tokenization For Accounts Receivable Tool

    June 19, 2019 HSBC is rolling out its digital accounts receivable solution for corporates in India after teaming up with Australia-based Identitii, reports in IT Wire said on Tuesday (June 18). The bank is ...
  • How Mobile Card Services Turn Location Into Loyalty

    June 19, 2019 Location matters in real estate. It matters, too, when protecting credit cards against compromise. As Ondot CEO Vaduvur Bharghavan tells Karen Webster, location matters, too, when targeting consumers with relevant ...
  • In UK, FinTech Alliance Launches

    June 18, 2019 Collaborative efforts between FinTech firms and traditional financial firms continue to gather steam. In the U.K., the FinTech Alliance debuted with more than 500 members. Elsewhere, Monzo crosses the Pond, ...
  • Bitcoin Daily: Russia Central Bank Mulls Digital Currency; FB Crypto Under Fire

    June 18, 2019 Economist Nouriel Roubini has called out Facebook’s soon-to-be announced cryptocurrency, GlobalCoin, saying it is not really crypto. “It has nothing to do with blockchain. Fully private, controlled, centralized, verified and authorized ...
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