banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.
Bank of America Consolidates Banking, Investing, Retiring Into One App
Bank of America Consolidates Banking, Investing, Retiring Into One App
March 21, 2024  |  Digital Banking

Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app.  This new, unified digital...

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HFSC Chairman Patrick McHenry Calls for Transparency in Financial Regulation
HFSC Chairman Patrick McHenry Calls for Transparency in Financial Regulation
March 21, 2024  |  Regulation

House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) said Thursday (March 21) that the Basel III Endgame proposal and other projects threaten to give global governance...

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FDIC Proposes Revisions to Statement of Policy on Bank Mergers
FDIC Proposes Revisions to Statement of Policy on Bank Mergers
March 21, 2024  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers.  The...

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Small Business, Banks Embrace Credit Alternatives
Small Business, Banks Embrace Credit Alternatives
March 21, 2024  |  Loans

Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech...

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FinTech and Bank Partnerships Will Boost Open Banking in the US
FinTech and Bank Partnerships Will Boost Open Banking in the US
March 21, 2024  |  Banking

Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. The most notable,...

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Are Brick-and-Mortar Bank Branches Cool Again?
Are Brick-and-Mortar Bank Branches Cool Again?
March 20, 2024  |  Banking

Digital banking is all the rage, right? Who can resist the convenience of using a bank app to balance accounts while waiting for the barista...

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Money Mobility and Embedded Payments Recast the Concept of Banking
Money Mobility and Embedded Payments Recast the Concept of Banking
March 20, 2024  |  Digital Banking

Ingo Payments CEO Drew Edwards told PYMNTS’ Karen Webster that the very definition of what a bank is — what it does and what it can do —...

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CFPB Head Puts Those Who Intend to ‘Weaponize’ Open Banking on Notice
CFPB Head Puts Those Who Intend to ‘Weaponize’ Open Banking on Notice
March 19, 2024  |  Banking

The U.S.’s top consumer protection watchdog is on the lookout for financial services industry players hoping to game open banking for their own benefit.  This...

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Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds
Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds
March 19, 2024  |  Security & Fraud

A banking glitch in Ethiopia reportedly let customers withdraw unlimited funds. Now, state-owned Commercial Bank of Ethiopia (CBE) is trying to recover the $40-plus million that was withdrawn or...

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