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.
Meet the Neobank That Counts Only Doctors as Customers
Meet the Neobank That Counts Only Doctors as Customers
January 24, 2024  |  Banking

Picture this: a 28-year-old $400,000 in debt who has never held a job.  Would you give them a loan? Chances are, probably not. And that’s...

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Shopping Beats Banking for Consumers Interested in AI-Enabled Experiences
Shopping Beats Banking for Consumers Interested in AI-Enabled Experiences
January 24, 2024  |  Artificial Intelligence

The introduction of artificial intelligence is changing the payments industry, transforming the way consumers pay for goods and services. AI-enabled payments offer streamlined processes, combat...

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ModernFi Raises $18.7 Million to Expand Deposit Management Tools
ModernFi Raises $18.7 Million to Expand Deposit Management Tools
January 23, 2024  |  Investments

ModernFi has secured $18.7 million in funding to bring its deposit management tools to financial institutions of all sizes.  With the banking sector experiencing higher interest...

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4 in 10 High-Income Consumers Worry About Becoming Too Dependent on AI 
4 in 10 High-Income Consumers Worry About Becoming Too Dependent on AI 
January 19, 2024  |  Artificial Intelligence

Artificial intelligence (AI) has become an integral part of businesses and industries, but consumers still have uncertainties about its role in their lives and careers. ...

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Digital Onboarding Raises $58 Million to Help Banks Engage Customers
Digital Onboarding Raises $58 Million to Help Banks Engage Customers
January 18, 2024  |  Digital Onboarding

Digital Onboarding has secured a $58 million growth investment from equity firm Volition Capital to expand its digital engagement platform for banks and credit unions. This investment...

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Truist Ups Digital Focus as Mobile Transactions Climb
Truist Ups Digital Focus as Mobile Transactions Climb
January 18, 2024  |  Earnings

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...

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KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs 
KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs 
January 18, 2024  |  Banking

KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods.  They rose to $76 million during the quarter,...

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Deutsche Bank CEO Brushes Off Commerzbank Merger Rumors
Deutsche Bank CEO Brushes Off Commerzbank Merger Rumors
January 18, 2024  |  Banking

The head of Deutsche Bank says merging with Commerzbank is not a priority. In an interview with CNBC Thursday (Jan. 18), Deutsche Bank CEO Christian Sewing seemed to quash recent...

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UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
January 18, 2024  |  Banking

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...

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