Banks

Banking, Credit Cards, Home Loans & Auto Loans. Personal. Small Business. Wealth Management is just some of the main things a Bank will offer in terms of services.
Swedish Lenders Shore Up Defenses Against Fraud
Swedish Lenders Shore Up Defenses Against Fraud
February 13, 2024  |  Security & Fraud

Amid growing fraud attacks by organized crime rings, Swedish lenders are moving to adjust product offerings and increase surveillance. Fraud has grown to become the...

READ MORE >
FIs Explore GenAI Potential in Small Business Lending Despite Customer Concerns
FIs Explore GenAI Potential in Small Business Lending Despite Customer Concerns
February 12, 2024  |  Artificial Intelligence

Financial institutions are embracing the integration of generative artificial intelligence into their operations, recognizing it as a vital step to remain competitive in today’s fast-evolving...

READ MORE >
EU Bank Watchdog Warns Lenders of Once ‘Inconceivable’ Risks
EU Bank Watchdog Warns Lenders of Once ‘Inconceivable’ Risks
February 12, 2024  |  Banking

Europe’s new top bank regulator wants lenders to beef up plans for dealing emerging risks. “Many of the issues dominating today’s headlines were inconceivable a decade ago,”...

READ MORE >
Big Banks See Overdraft Fee Revenues Fall 25%
Big Banks See Overdraft Fee Revenues Fall 25%
February 11, 2024  |  Banking

America’s three biggest consumer banks saw their overdraft fee revenues fall 25% in 2023. J.P. Morgan Chase, Bank of America and Wells Fargo collected $2.2 billion in total in those...

READ MORE >
Rewards a Work in Progress as Banks and FinTechs Compete for BNPL Loyalty
Rewards a Work in Progress as Banks and FinTechs Compete for BNPL Loyalty
February 09, 2024  |  BNPL

The appeal of buy now, pay later (BNPL) is undeniable. And the field is getting more crowded with FinTechs, and, more recently, banks. While the...

READ MORE >
Barclays to Acquire Tesco Bank, Partner With Tesco Stores
Barclays to Acquire Tesco Bank, Partner With Tesco Stores
February 09, 2024  |  Acquisitions

Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition...

READ MORE >
APIs Promise to Make Instant Payment Systems Interoperable
APIs Promise to Make Instant Payment Systems Interoperable
February 08, 2024  |  Faster Payments

Cory Barnes, senior product manager at Form3, told PYMNTS that instant payments can reach their full potential only when far-flung systems are truly in sync...

READ MORE >
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...

READ MORE >
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...

READ MORE >