U.S. Bank is introducing an update to its treasury management platform SinglePoint. The enhanced offering, announced Monday (Oct. 27), is designed to help the bank’s business clients more easily manage their liquidity, cash flow and financial risk. “SinglePoint is often a daily point of entry for businesses to...
Bank of America has reported record adoption of its CashPro Chat and transaction search capabilities. This milestone is happening as corporate clients seek out “real-time insights and operational efficiency in treasury management,” the banking giant said in a news release Monday (Oct. 27). As the...
The Consumer Financial Protection Bureau received 13,979 public comments on its plan to revise rules governing data sharing under Section 1033 of the Dodd-Frank Act. The flood of feedback, a flurry of which came in towards, and on, the Oct. 21 deadline, underscores how central open...
LendingClub’s third quarter results, released after the market closed Wednesday (Oct. 22), detailed double-digit growth in loan originations and a surge in new account openings tied to its LevelUp checking offering. The company materials indicated that loan origination growth stood at 37% to $2.6 billion,...
Truist is piloting an embedded banking solution that enables treasury workflows like reconciliation and reporting, real-time payments and approvals within supported enterprise resource planning systems (ERPs). The Truist One View Connect solution is an extension of the bank’s wholesale digital platform Truist One View and...
Investors are reportedly seeking signs of stress within the regional banking sector. That’s according to a report Tuesday (Oct. 21) from Reuters, which notes that these concerns came after a week in which some regional banks reported bad loan and fraud issues. Analysts told the news organization...
Revolut’s international expansion marches on with new banking permissions in Mexico. The U.K. FinTech giant announced Monday (Oct. 20) it had been granted final authorization from the National Banking and Securities Commission (CNBV), with approval of the Bank of Mexico, to start operations as a multiple banking institution in the...
The Clearing House says it is seeing wider adoption of its bank account tokenization solution. Token Service is designed to safeguard the information associated with bank account numbers and help mitigate risks tied to fraud and data breaches, The Clearing House (TCH) said in a Monday...
Watch more: The Right Time for Real-Time Account Funding Is Now Real-time account funding has shifted from a nice-to-have to a competitive necessity. For banks, FinTechs and payments platforms, it can help close the gap between intent and action at the very moment a customer...