In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be perceived to be at a disadvantage, at least when it comes to dollars. Get the Full Story Complete the form to unlock this...
More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures, according to research from the Federal Reserve released on Monday (Nov. 25). Get the Full Story Complete the form...
Barclays has announced the launch of a new branch in Luxembourg that will provide multinational clients with transaction banking services. The branch, to be led by Snorre Tysland, will offer corporates and financial institutions banking products that include cash management, debt, foreign exchange and trade...
This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13 percent of the country’s financial institutions were considered “high risk,” according to Bloomberg. Get the Full Story Complete the form to unlock this...
British bank TSB, on the heels of an IT disaster that saw its annual profits wiped out, recently dealt with an issue where customer payments didn’t come out on time, according to a report by the Financial Times. Get the Full Story Complete the form...
To provide shoppers with an eCommerce points redemption option, Capital One rewards cardholders will soon have the ability to redeem cash back as well as miles through Amazon. The company joins Citi, American Express, Chase and Discover in offering the option, CNBC reported. Get the Full Story Complete the...
Bank and credit card fraud losses are likely to reach $44 billion by 2025, and new fraud types — like attacks from false mobile banking apps — are cropping up more frequently. Both cybercriminals and financial institutions (FIs) are relying on one essential component to...
With more than 4.1 billion user credentials exposed in the first half of 2019 alone, financial institutions (FIs) are rushing to artificial intelligence (AI) to prevent fraudsters from using them. Yet, for fraud prevention, Scotiabank Executive Vice President Rania Llewellyn says banks must take a...
A catastrophic IT crash that affected 2 million customers at TSB and locked them out of their accounts last year was blamed on moving the banking technology to a new platform before it had been properly tested, according to a report by Reuters. Get the...
