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Banking
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1.5KCommerce Bank To Offer Corcentric’s AP Workflow Solution
Procurements and accounts payable solution provider Corcentric announced that it has entered a reseller agreement with Commerce Bank to allow its Cor360...
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2.2KSoftBank’s New ‘Operating Group’ Encourages Startup Collaborations
In an effort to create a relationship between its portfolio of investors, SoftBank has created an “operating group” within its Vision Fund....
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1.8KNatWest Tests Use Of Google Assistant To Check Bank Balances
British bank NatWest has been testing out Google Assistant compatibility to allow customers to do things like check their balance via voice...
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3.2KMonzo Security Flaw Affects 500K Customers
Monzo, one of the world’s largest digital banks, discovered a security flaw and is now asking half-million of its customers to change...
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1.6KUK’s B-North To Launch SMB-Only Banks Next Year
B-North has announced plans to open a network of small-business-only bank offices throughout the U.K. by the end of next year. The...
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5.4KBig Banks Don’t Want Fed’s Real Time Payments Rails
Big banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Currently,...
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2.1KSpain’s High Court Formally Investigating BBVA
Spain’s High Court announced that BBVA is now under formal investigation related to an alleged spying case. The anti-corruption public prosecutor made...
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4.8KBAMS, First Data JV To Call It Quits In 2020
With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29)...
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6.5KRakuten Applying For US Banking Charter
A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. The...
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2.7KBB&T/SunTrust Merger Raises Questions On Capitol Hill
In banking, “too big to fail” has become shorthand for financial firms of scale and reach so significant that any operational or...
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1.8KDisruptor UK Bank Atom Raises £50M
Atom, a banking startup in the UK that caters to millennials, has raised £50M ($62.4 million) in a funding round and is...
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2.0KRHB Bank Launches Dynamic CVV Codes To Fight Card Fraud
RHB in Malaysia is introducing fraud protection cards with mini screens on the back that auto-generate new card verification value (CVV) numbers,...
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2.1KAML Expenses Eat Into Nordic Lenders’ Profits
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske...
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2.9KSunTrust Experiences Overall ‘Solid’ Q2 Amid Planned BB&T Merger
SunTrust Banks Inc. reported results Thursday (July 18) that surpassed revenue expectations but fell slightly under earnings estimates for the second quarter....
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2.0KOndot’s New Cloud Service Taps Digital Innovation For Banks
Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn...
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2.0KCurve Captures $55M In New Funding
Referred to as an “over-the-top” digital banking platform, London-based Curve has cleared $55 million in its latest funding round. Curve’s claim to...
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2.2KIMF Warns Of Big Tech Disruption In Banking Space
Banking institutions will get “left behind” if they don’t evolve as big tech companies continue disrupting the financial system, the latest research...
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2.0KJPMC Q2 Earnings Expected To Reflect Expanding Digital Innovations
Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing...
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2.7KUK Lender Starling Loses Four Executive Employees
Amid expansion efforts of U.K. digital bank Starling, several senior executives — including Julian Sawyer, Starling’s co-founder and chief operating officer —...
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1.9KCiti Looks To Lead In Q2 Earnings
Companies are beginning to release their second quarter earnings reports, and experts are pointing to Citigroup to outperform in the banking industry....
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2.1KChallenger Payments Platform VibePay OK’d By UK FCA
London-based VibePay has won approval from the U.K. Financial Conduct Authority (FCA) to provide direct-to-bank payments via open banking. VibePay will launch...
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1.6KEU Central Bank Taps Former Goldman Sachs Banker As Regulator
The European Central Bank (ECB) has brought on Elizabeth McCaul as a banking supervisor, according to a report by Reuters. McCaul is...
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3.8KCan ‘Elective’ Fees Work For Retail Banks?
Most people like their banks, a built-in advantage for banks and credit unions as they fend off challenges from upstarts, and as...
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1.5KSix Nordic Banks Team To Take On AML Issues
Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation...
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1.5KIrish Central Bank Fines Wells Fargo 5.9M Euros
Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. The fine is the second biggest...
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ECB Head Advocates EU Bank Consolidation
European Central Bank Supervisor Andrea Enria said that the banking system in Europe is operating with excess capacity, and that there should...
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909EU Nominates IMF’s Lagarde To Become President Of ECB
International Monetary Fund (IMF) chief Christine Lagarde is poised to become the first woman to run the European Central Bank (ECB). While...
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2.0KEx-BBVA Exec Under Investigation For Spying Allegations
The former chief operating officer of Spanish lender BBVA is under investigation for corporate spying. Ángel Cano, along with seven other current...
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1.6KNorwegian Regulator Slaps Santander With $1M Fine For AML Issue
The Financial Supervisory Authority (FSA) in Norway has fined Santander, a Spanish bank, $1 million for violating Norwegian anti-money laundering (AML) statutes,...
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2.3KDo Bigger Budgets Mean More Innovation?
Smaller banks and large financial institutions have been subject to a paradox where smaller banks are known to be more consumer-friendly, but...
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2.2KNCR Acquires D3 Technology
FinTech firm NCR Corporation has acquired D3 Technology Inc., an online and mobile banking specialist for the large financial institution (LFI) market....
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2.4KAussie Banks Push Back Against Plan For Deeper Credit Checks
In response to plans by regulators to require banks to conduct more detailed credit checks in lieu of depending upon indices, banks...
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2.6KBIS Debuts Innovation Hub To Help Central Banks Collaborate
The Bank for International Settlements (BIS) has announced the launch of a BIS Innovation Hub to enable central banks around the world...
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2.5KNew Wells Office To Focus On Regulation
To continue fueling its transformation and focus on priorities of a regulatory nature, Wells Fargo has reportedly formed a new office. The...
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3.9KDigital Licenses To Shake Up Singapore Banking
The central bank in Singapore has announced that it will issue five digital bank licenses to eligible applicants, according to a report...
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3.5KEU Banks Fast-Track Instant Payments Post Libra Launch
In light of competition from Facebook and other tech firms and banking firms, the European Union could potentially have a real-time payments...
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6.4KMoving Data Analytics Up The Credit Union Priority Chain
Most of the insight into credit union spending priorities featured in the PYMNTS/PSCU Credit Union Playbook earlier this year is probably much...
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3.2KBoE Mulls FinTech Access Amid Brexit Uncertainty
The Bank of England may open its doors to tech companies and payment firms, and the move could potentially boost the U.K.’s...
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2.4KBanks Are Increasingly Trying To Monetize Data Troves
Banks are increasingly looking for ways to monetize the large troves of data they hold on customers, be it with credit card...
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2.9KFor FI Account Openings, Serving The ‘Segment Of One’
A disconnect looms in financial services, one that can doom relationships between financial institutions (FIs) and customers from the beginning. Studies have...
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1.5KBoE Warns Cyberattacks By State Actors Pose Larger Threat
A senior policymaker at the Bank of England said a cyberattack by a state actor could corrupt British banks’ records over a...
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1.3KSwedbank Estonian CEO And CFO Suspended
Swedbank announced that it has suspended the CEO and CFO of its Estonian branch after an investigation into compliance with money-laundering rules...
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2.4KDeutsche Bank To Overhaul Trading Operations
Deutsche Bank has announced that as part of a complete overhaul of its trading operations it’s creating a non-core asset unit, or...
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2.2KLoot Founder To Become Bó Chief Product Officer
After financial startup Loot reportedly went into administration in May, Loot Founder Ollie Purdue is reportedly becoming a part of a digital...
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1.7KUK Challenger Banks Stumble On Stress Tests
Stress tests haven’t been kind to so-called challenger banks in the U.K., according to a Financial Times report. It stated that the...
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1.9KWhy Retail Banking Needs a Reputation Rehab
Most consumers probably don’t have strong opinions about their banks, since the relationship tends to be more transactional than emotional. However, in...
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2.0KUK Digital Bank Monzo Crosses Pond To US
Digital bank Monzo, based in the United Kingdom, is crossing the pond. Reuters reports that the company has reached U.S. shores, debuting...
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3.0Ki2c Teams With Zero To Launch Hybrid Debit/Credit Card
To help reimagine the traditional banking experience, digital banking and payments processing technology and infrastructure provider i2c is teaming with Zero. As...
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3.7KSunTrust, BB&T Pick New Bank Name
BB&T and SunTrust have settled on a name for their combined bank: Truist. Truist will be the sixth-largest U.S. bank holding company,...
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2.0KGoldman CEO Says Marcus Gets ‘No Credit’
Goldman Sachs CEO David Solomon said the firm’s digital Marcus business “getting absolutely no credit from anybody else in the investing community,”...
