Banking

For Banking’s Future, The Hub’s The Rub

To modernize payments is no small task. That’s especially true for banks. Cheryl Gurz, CGI’s payments solutions director, weighs in on what...

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OCC Says It’s Not Ready For FinTech Banking Applications

The acting Comptroller of the Currency Keith Noreika has officially confirmed that as of yet his office is not ready to take...

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JPMorgan Launches Disruptive Commerce Group

With a growing number of traditional retailers boosting their digital investments, JPMorgan has announced news of the creation of a disruptive commerce...

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Square Makes Its Big Move On Banking

It seems Square is interested in becoming something more like a bank. According to WSJ reports, Square intends to submit an application...

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Barclays Deluged With Complaints Over New Investment Website

Barclays, the U.K. financial firm, is having a tough go of it with its new DIY investment website, with customers facing all...

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Plaid Launches New Tool For Enterprise Developers

Plaid, the FinTech that assists financial services companies with app development to connect with users’ bank accounts, rolled out a new tool...

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Banks Waive ATM Fees For Houston Banks

With Hurricane Harvey causing life-threatening floods in Houston, some major banks are cutting bank fees for customers as a small form of...

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Banking, with Artificial (and Real) Intelligence

Can traditional banking get a lift from conversation – specifically, chatbots? One firm, Kasisto, thinks so, with its KAI Banking, a conversational AI platform...

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Wells Fargo Selects Beverly Anderson To Run Cards And Retail Services

Wells Fargo announced Thursday (Aug. 24) it has named Beverly Anderson as head of its cards and retail services. The bank noted...

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Wells Fargo CEO Shares Update On Remediation Process After Account Scandal

Wells Fargo CEO Tim Sloan sent a companywide message to address team member questions regarding the ongoing remediation process and warn employees...

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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in...

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Open Banking, Open APIs, Wide Open Opportunities?

Europe has mandates in place for open API adoption (perhaps you’ve heard of PSD2)? Here in the States, the playing field is taking...

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Bucking The Recent Trend, Discover’s Charge-Offs Fell Last Month

As concerns about consumer debt and consumer debt delinquency are rising — and as the instances of both are also on the...

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Barclays To Close 54 UK Branches By Year’s End

Financial company Barclays is gearing up to shutter 54 England-based bank branches by the end of 2017 as part of its cost-cutting...

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ICBA Bancard CEO: Community Banks Move Faster Payments Forward

Community banks have long been heralded as local leaders that create jobs and reinvest in their communities, but ICBA Bancard President and...

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Barclays Taps Citi Veteran as CEO Of Barclaycard International

Barclays announced Thursday (Aug. 10) that it has named Barry Rodrigues as chief executive of Barclaycard International. In a press release the...

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JPMorgan Ends Instant Debit Cards At Branches Service

JPMorgan Chase has reportedly canceled a program in which customers could replace lost debit cards instantly at a slew of the company’s...

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Wells Fargo May Find A Lot More Fake Accounts

Wells Fargo warned late last week that a deeper dive into its sales practices raises the possibility for a “significant increase in...

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Banks Concerned As Charge-Offs Hit A Four-Year High

Charge-offs have hit a four-year high — and banks, markets and economy watchers are keeping close tabs on what appears to be...

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Wells Fargo Exec Claims Company Had Planned To Reveal Auto Insurance Problems

Wells Fargo revealed that it had planned to disclose problems uncovered with its auto insurance policies, but it was waiting until it...

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More Trouble For Wells Fargo — The Bank Forced Unnecessary Insurance On Auto Loan Customers

Just when Wells thinks it is out of the water… It seems the bank took advantage of 800,000 consumers who signed up...

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AMEX, Mastercard And Visa Submit Licenses To Operate In China

American Express, Mastercard and Visa are gearing up to submit licenses to get permission to operate in China. Reuters, citing three people...

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Urban FT Acquires iParse To Bridge The Mobile Banking Gap

When it comes to mobile banking, there’s often a massive gap between the consumer’s experience with a big bank and with a...

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For Millennials, It’s Hip To Have A Traditional Bank

Think the younger, tech-savvy Millennial is all about online banking? Think again, as data from SurveyMonkey shows that in addition to banking...

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Wells Fargo Spinning Off Businesses Following Scandal

Following a fake accounts scandal and thousands of employees committing fraud, Wells Fargo has been in hot water over the past few...

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Investors Seek To Break Up Barclays

Following the 2008 recession, many new regulations were put in place to help prevent a recurrence. In particular, a magnifying glass was...

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Increasing Defaults On Store-Branded Cards A Headache For Issuers

Stores issue credit cards — often to consumers somewhat less inherently credit-worthy than might otherwise be given a card — but banks...

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In Land Of Free Banking Apps, Red Ink And Investor Support Only Go So Far

Upstarts are trying to eat traditional banks’ lunch, especially in Europe. But the field is a crowded one, awash in red ink. Will...

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As Mobile Banking In Canada Grows, Overall Customer Satisfaction Declines

A new study by J.D. Power has found that while more Canadians are utilizing and happy with mobile banking, customer satisfaction with...

The Reserve Bank of India has announced a timeline for the country's vast ATM network, which constitutes close to 200,000 ATMs, to migrate from accepting mag stripe cards to accepting chip and pin based cards.

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Repair Man Locked Inside ATM And Rescued

Working in the ATM business can be dangerous. From potentially getting robbed when reloading the ATM with money to installing the heavy...

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BEUC Backs Proposal To Ban Screen Scraping

BEUC, the European consumer interest group, is asking banking authorities to stop the practice of screen scraping, or using software to copy...

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Wells Fargo To Pay $142 Million To Customers

The customers affected by Well’s Fargo’s account creation scandal have come to a settlement agreement with the bank, and a federal judge...

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Goldman Sachs To Launch Mobile App For Consumers

Goldman Sachs, the Wall Street bank that has been offering more services to retail consumers in the last few years, is working...

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Can APIs Save Traditional Banks?

Banks were once the great riverbed of financial activity. Today, the flow of cash is gradually being diverted through other, third-party channels...

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What’s Next For JPMorgan’s Payment Plans Post-Worldpay Takeout?

No Worldpay for JPMorgan, but the banking giant may have its toe in the water, or testing the breeze for further inroads...

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New Trade Association U.K. Finance Has Been Formed

The U.K. Finance, a new trade association, announced Monday (July 3) it was formed on July 1 to represent the finance and...

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Banks Face $17B Brexit Bill

The Brexit could cost U.K. banks around $17 billion as they look to reshuffle various activities to different points in Europe, according...

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Capital One Struggles Through Fed’s Annual Stress Test

Capital One Financial was the sole bank among the U.S. ones to struggle through the Federal Reserve’s annual stress tests, with the...

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Live More. Bank Less. Bot Smarter.

Singapore’s DBS Bank has a philosophy — Live More, Bank Less — which, at first seems like an odd mission for a multinational bank to...

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BPI And BDO Unibank Assure Senate Panel Compromises Are Under Control

BPI and BDO Unibank, two banks in the Philippines, said this week they have addressed issues that resulted in a 26-hour system...

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Klarna Snags A Full Banking License

Pushing toward its longtime goal of being the “Ryanair of the FinTech sector” Klarna has made a big advance with the announcement...

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Did Wells Fargo Also Improperly Adjust Mortgages?

As Wells Fargo is trying to turn the corner on a scandal in its consumer banking segment that came to light a...

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SoFi Officially Files For A Bank Charter Of Its Own

They said they were going to do it — and now it seems they’ve done it. Just about a month ago, SoFi...

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Advance Financial Launches Free Bill Pay

Advance Financial, a leading financial services retailer with more than 80 locations across Tennessee, now offers Free Bill Pay at every location...

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HSBC Pairs With AI FinTech On Compliance

Amid the embrace of artificial intelligence across financial services, one big bank is adopting AI to streamline compliance efforts. Reuters reported that HSBC...