Sections
Banking
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1.3KMoving 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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1.9KBoE 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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1.1KBanks 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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1.6KFor 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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837BoE 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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859Swedbank 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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1.7KDeutsche 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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1.0KLoot 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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943UK 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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1.2KWhy 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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1.3KUK 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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1.3Ki2c 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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2.3KSunTrust, 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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1.6KGoldman 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,”...
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2.1KChase Shuts Down Finn
Barely more than a year after banking giant JPMorgan launched an effort to bring younger clients into the fold — through digital...
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2.3KSantander, eBay Partner On Loan App
Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off...
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1.8KGoldman Seeks To Win Business From Mid-Sized Firms
As part of its strategic plan, investment firm Goldman Sachs aims to win the business of more mid-sized companies. It also plans to spend...
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1.7KJPMC Customers Leave For Higher-Interest Alternatives
Deposit growth at banking giant JPMorgan Chase is slowing because customers are taking out money and stashing it in accounts at other...
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2.7KHSBC’s Banking Robot Pepper Debuts In Miami
HSBC Bank USA, a unit of HSBC Group, announced Thursday (May 30) the launch of Pepper, the humanoid robot it developed with...
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1.8KDimon Criticizes Wells For ‘Irresponsible’ Succession Plan
The CEO of JPMorgan, Jamie Dimon, said Wells Fargo was “irresponsible” for not having a succession plan in place before announcing CEO Tim...
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1.8KLights Out For Loot?
When businesses get sold, the deals can happen for a variety of reasons. The buyers can be strategic, looking for technology or...
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1.3KCommerzbank Keeps Open Mind On M&A
Even though a potential merger with Deutsche Bank fell through, Commerzbank CEO Martin Zielke said he’s still open to the possibility of...
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3.7KPaving Mobile Banking’s Path To Success
The customer journey in banking begins with offering a wealth of data when opening an account. As Jim Priestley, chief revenue officer...
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1.9KLarge US Banks See Credit Quality Decrease
Large U.S. banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report...
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2.3KBank Of Italy To Reward Eco-Friendly Companies
The Bank of Italy is gearing up to reward companies that make moves to fight climate change, reported Reuters. According to the...
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1.9KAussie Reserve Bank Throws Shade On Banks’ Slow Response To New Payments Platform
The Reserve Bank of Australia (RBA) has sent a warning to major banks that its slow progress in implementing the New Payments...
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1.9KDems Want Bank Execs To Testify Before Congress Each Year
Democrats would like to see bank executives get grilled by Congress on an annual basis. After Wall Street leaders spent hours answering...
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2.5KBrazilian Bank To Launch Instant Payment Method
Itaú Unibanco Holding is Brazil’s largest lender, and on Monday (May 13) it announced that it’s going to launch a new QR...
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2.4KJudo Launches As Australia’s Newest Challenger Bank
Switzerland-based Temenos AG has announced that Judo Bank, an Australian SME challenger bank, has gone live with the help of Temenos T24...
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2.2KFed Seeks Comment On New Operating Hours For Fedwire Funds
The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service,...
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4.5KPeople And Bank Automation — An ‘And’ Not An ‘Or’
It is hard to argue, after five decades in existence, that the ATM hasn’t been an overwhelming success as financial products go...
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4.0KCiti Lures Depositors With Credit Card-Like Perks
Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking...
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2.1KMorgan Stanley Will Shutter Banking Operations In Russia In Q1 Of 2020
Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations...
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2.5KUK Bank NatWest Introduces Merchant Acquiring Service For SMBs
U.K. bank NatWest is starting a merchant acquiring service for small to medium-sized businesses (SMBs), according to reports. The venture is called...
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2.4KFIS, Fiserv, Infosys Battle For Tech Deal With Robinhood
FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from...
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2.5KMoody’s: Auto Loans Improve, Credit Cards And Mortgages Stable
Moody’s Investors Service has released its Q1 report on consumer loans and their performances for the biggest U.S. retail banks. The loans...
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Swedbank Faces US Investigation As Bank Acknowledges Money Laundering Mistakes
Sweden’s oldest bank is facing investigations in the United States as it has acknowledged it hasn’t done enough to prevent money laundering....
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3.4KBMO Bank of Montreal To Implement Mastercard Send In Canada
Mastercard and BMO Bank of Montreal announced Wednesday (April 24) that BMO is implementing Mastercard Send in an effort to deliver faster,...
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3.2KHecklers Taunt Wells CEO During Annual Meeting
Wells Fargo‘s interim CEO faced critics at the company’s annual meeting in Dallas. C. Allen Parker was interrupted more than a dozen...
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2.9KNew Wealthfront Cash Accounts Bring In $1B Since Feb
Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give...
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6.2KT-Mobile Takes On Banks With Mobile Checking
Wireless carrier T-Mobile is getting into the banking market, announcing Thursday (April 18) the launch of T-Mobile MONEY nationwide, a no-fee, interest-earning,...
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4.3KUK Bank NatWest Introduces Biometric Payments
U.K. bank NatWest has announced a biometric payment technology for its commercial and business customers. The new development will allow for customers...
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4.9KChase Debuts eGifting From Mobile App
Chase announced Monday (April 15) that customers are now able to send gift cards via the Chase Mobile app or website. In...
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5.4KFI’s $52 Trillion Threat
Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who...
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4.3KWells Fargo Sees Shares Fall As Other Banks Enjoy Surge
Some of the country’s biggest banks saw their share prices surge after their Quarter 1 earnings beat analysts’ expectations. Shares of JPMorgan...
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3.2KIMF Head Sees Cryptos ‘Shaking’ The System — But Will Banking Stay Shook?
To quote a rock ‘n’ roll poet (Jerry Lee Lewis): Whole lotta shakin’ going on. Depending on how you look at it,...
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2.7KWells Fargo CEO Search Could Hurt Turnaround
Wells Fargo, the embattled national bank that is still reeling from a 2016 fake account scandal, is having a hard time recovering...
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4.2KMonzo Bank Valuation To Reach £2bn With US Investment
U.K. digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest...
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4.5KBank of America To Update Branches In Response To Customer Behavior
Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank,...
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5.4KBanking App N26 Eyes US Expansion
German-based banking app N26, geared toward younger customers and backed by notable billionaires like Peter Thiel and Li Ka-shing, wants to expand...
