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 Branch Buildouts and Upgrades Show Omnichannel Is Here to Stay
Bank Branch Buildouts and Upgrades Show Omnichannel Is Here to Stay
February 08, 2024  |  Banking

The pandemic threatened to make banking in the brick-and-mortar setting a bit of an anachronism. Lockdowns meant that getting things done at the counter with...

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TCH: CFPB Data Rule Will Require Stronger Public-Private Collaboration to Safeguard Consumer Interests
TCH: CFPB Data Rule Will Require Stronger Public-Private Collaboration to Safeguard Consumer Interests
February 08, 2024  |  Regulation

Anticipation looms within the financial industry as the Consumer Financial Protection Bureau gears up to implement a rule governing consumer data sharing. The CFPB said...

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NYCB Credit Grade Lowered to ‘Junk’ By Moody’s
NYCB Credit Grade Lowered to ‘Junk’ By Moody’s
February 07, 2024  |  News

New York Community Bank (NYCB) has had its credit rating cut to “junk.” The downgrade late Tuesday (Feb. 6) by Moody’s Investment Services marks the...

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Only 5% of Direct-to-Bank-Account Payouts Arrive in or Near Real Time
Only 5% of Direct-to-Bank-Account Payouts Arrive in or Near Real Time
February 07, 2024  |  Faster Payments

In today’s fast-paced world, consumers expect quick and seamless payment experiences. This means that when they receive payouts, they want them to be processed and...

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5G Promises Connected Consumers More Personalized, Efficient Banking Experiences
5G Promises Connected Consumers More Personalized, Efficient Banking Experiences
February 06, 2024  |  Technology

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...

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Tuum Raises $26 Million Amid Banking’s Ongoing Digital Evolution
Tuum Raises $26 Million Amid Banking’s Ongoing Digital Evolution
February 06, 2024  |  Investments

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...

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JPMorgan Chase to Add 500 Branches, Renovate 1,700 Existing Locations
JPMorgan Chase to Add 500 Branches, Renovate 1,700 Existing Locations
February 06, 2024  |  Banking

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...

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As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
February 05, 2024  |  Loans

The banks continue to tighten, the traditional channels are tougher to navigate in the commercial lending space. And against a backdrop where smaller firms are...

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Banks Report Tighter Standards, Lower Demand for Lending in Q4
Banks Report Tighter Standards, Lower Demand for Lending in Q4
February 05, 2024  |  Banking

Banks tightened their standards on loans to both businesses and households in the fourth quarter. They also saw lower demand for lending during that period,...

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