Banks are increasingly turning to AI as they look to gain an edge over their competition. In fact, over 80 percent of banks with more than $150 billion in assets have explored use of technology, and experts predict banks will invest more than $57 billion...
U.K. bank Barclays is considering whether it should expand further into the U.S. According to The Wall Street Journal, Barclays is considering the move due to pressure from activist shareholder Sherborne Investors. Other possibilities include rolling out its U.K. payments platform in the states, as...
ATM network operator LINK has partially canceled its plans to cut the fees that banks pay to British cash machines operators. Finextra reported that, earlier this year, LINK had announced a phased 20-percent reduction in interchange rates over four years. The first 5 percent cut took...
Inevitable? Maybe (even if one’s view of inevitability may depend on one’s views of science and history). Well-financed and backed by significant IT focus? Yep. Favorable to regulators? Indeed. Of interest to consumers? Well, they are still cutting their TV cords and making pop music...
Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. Get the Full Story Complete the form to unlock...
Use of online banking portals for corporates is ubiquitous — 99 percent of executives recently surveyed by JPMorgan said they conduct business banking online. However, professionals don’t have plans to expand their eBanking habits, and there may be a few reasons why. Get the Full...
Citigroup, faced with lackluster deposits from individual customers, is trying to ramp up that side of the business by rolling out a new app in the third quarter of this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The government in France is working on a new plan to help the country’s poor in which it could cap the fees a bank can apply to them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Though Square has reportedly withdrawn its application to create a deposit-taking bank, the payments processor intends to file the application again in the future. The firm had applied for an “industrial loan company (ILC)” license with the Federal Deposit Insurance Corporation (FDIC), Reuters reported. Get the Full...
