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.

Gen Z Interested in AI-Enabled Banking Experiences Despite Privacy Concerns
Gen Z Interested in AI-Enabled Banking Experiences Despite Privacy Concerns
December 01, 2023  |  Artificial Intelligence

Despite differences across gender, generations and income levels, artificial intelligence-powered experiences are becoming popular with consumers, and an increasing number of individuals now use AI...

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BIS: CBDCs Need Risk Management Framework to Counter ’Operational Risks’
BIS: CBDCs Need Risk Management Framework to Counter ’Operational Risks’
December 01, 2023  |  CBDC

Scores of central bank digital currency (CBDC) initiatives are in the works or already active — and yet pose some key concerns for central banks....

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Algorand Foundation Invests in Afghanistan’s HesabPay
Algorand Foundation Invests in Afghanistan’s HesabPay
December 01, 2023  |  Cryptocurrency

The Algorand Foundation has made a strategic investment in HesabPay, an interoperable digital payments platform in Afghanistan that uses the Algorand blockchain. Get the Full Story Complete the...

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Millennials Want Payments Security in Their Retail Subscriptions
Millennials Want Payments Security in Their Retail Subscriptions
December 01, 2023  |  Subscriptions

Younger consumers have spent their formative years online, and they’re inclined to share details and information about themselves across digital channels. Get the Full Story...

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Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
December 01, 2023  |  Faster Payments

Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs. Get the Full...

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Nearly 40% of Millennials Want More Visible Security Measures for Routine Transactions
Nearly 40% of Millennials Want More Visible Security Measures for Routine Transactions
December 01, 2023  |  Safety and Security

In today’s digital age, security is a top concern for consumers, especially when it comes to financial transactions, regardless of their frequency — be it...

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Fed: Smaller Banks Report Pressure on Commercial Loan Demand
Fed: Smaller Banks Report Pressure on Commercial Loan Demand
November 30, 2023  |  Economy

The Federal Reserve’s Beige Book — released eight times a year — collects qualitative observations about current economic conditions across the central bank’s dozen districts....

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TD Bank to Cut 3% of Workforce
TD Bank to Cut 3% of Workforce
November 30, 2023  |  Banking

Toronto-Dominion Bank, Canada’s second-largest lender, has reportedly undertaken a restructuring plan that includes a 3% reduction in its workforce. Get the Full Story Complete the...

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FDIC Reports Banks Remain Resilient as Net Income Stays High
FDIC Reports Banks Remain Resilient as Net Income Stays High
November 29, 2023  |  Banking

The aggregate net income for the 4,614 Federal Deposit Insurance Corporation (FDIC)-insured institutions during the third quarter was $68.4 billion, representing a 3.4% decrease from...

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