For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. The converse is also true, of course, as inefficiencies can paint bottom lines a stark shade of red. Get the Full Story Complete the...
FIs have to grapple with finTech upstarts, KYC mandates and eliminating “false positive” transactions, along with friction for the consumer. Breaking down silos within an FI, to contend with a more robust fraud environment, and trusting in trusted digital identities can be beneficial, as Identity...
Citigroup Chief Executive Michael Corbat disclosed Wednesday (May 30) that around 20 percent of the New York national bank’s expenses go for technology — which amounted to greater than $8 billion last year. Get the Full Story Complete the form to unlock this article and...
Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Steve Ashbacher’s college-aged daughter doesn’t like charging things to her credit card, especially when the balance gets high — she’d rather pay cash or debit. She’s learning, though, the importance of paying down her balance regularly, and the value of the spend/repay cycle for building...
When TSYS conducted its first consumer payments study seven years ago, the primary focus was on debit vs. credit, according to TSYS’ Gavin Rosenberg. The company was simply looking to gather solid information as the debit market was undergoing significant changes. Get the Full Story...
FIs are turning to artificial intelligence to make more financial decisions than ever before, from deciding who gets (or doesn’t get) a loan to helping customers make smarter financial choices. But when algorithms are used to make decisions, who accounts for the biases built in...
From artificial intelligence to blockchain to new mobile app features and offerings, banks and financial institutions are investing more in innovations to give customers a better experience and gain an edge over their competition. Get the Full Story Complete the form to unlock this article...
Goldman Sachs is eyeing an expansion of its online bank Marcus across Europe and has chosen Germany as the next region after the U.K., reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
