February 06, 2024
5G Promises Connected Consumers More Personalized, Efficient Banking Experiences
With the launch of Apple Vision Pro in the United States, the spotlight has again turned to its enabling technology: 5G. This resurgence is not without reason. 5G technology represents...
February 06, 2024
Tuum Raises $26 Million Amid Banking’s Ongoing Digital Evolution
Core banking platform Tuum has raised $26 million to expand to new parts of Europe. The Estonian company’s Series B funding round, announced Tuesday (Feb. 6), will allow the company to target new...
February 06, 2024
JPMorgan Chase to Add 500 Branches, Renovate 1,700 Existing Locations
J.P. Morgan Chase, one of the largest banks in the United States, reportedly plans to open more than 500 new bank branches over the next three years. The move aims...
February 02, 2024
LendingClub Completes Standard Operating Agreement for New Bank
LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted in the operating agreement. The...
January 25, 2024
Lloyds Slashes Jobs as Banking Customers Shift to Digital
Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking. The British lender also plans to create 830 new jobs for its “relationship growth” team to understand customers’ financial aims...
January 23, 2024
NCR Atleos to Manage ATMs and ITMs for Grow Financial
Grow Financial Federal Credit Union has tapped NCR Atleos to enhance its self-service banking offerings. Recognizing a need to update its aging ATM infrastructure and expand its interactive teller machine (ITM) footprint, the...
January 18, 2024
Truist Ups Digital Focus as Mobile Transactions Climb
Truist Financial continues to see digital engagement among its customers climb. The North Carolina-based bank reported earnings Thursday (Jan. 18) showing the number of mobile app users grew 9% year over year. That,...
January 18, 2024
UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
British grocer Sainsbury’s is planning to slowly but surely phase out its banking business. The move follows a strategic review of the company’s banking arm, the supermarket chain said in a statement Thursday (Jan. 16),...
January 16, 2024
Big Bank Earnings Show Digital’s App-Driven Appeal to Consumers
As earnings season rolls on, key themes from banks are emerging. Consumers are continuing to engage with their banks via mobile means, and branches are being woven tightly into the...