PNC Bank will invest $1 billion to open more than 100 new locations and renovate 1,200 existing ones through 2028. The bank currently has about 2,300 brick-and-mortar locations across the country, PNC Bank said in a Wednesday (Feb. 14) press release. With this investment, the...
A group of large banks is preparing to test a shared digital asset settlement platform. According to the announcement, the study is set to take place over the next 12 weeks and will test the working realities of running an interoperable network for central bank...
Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip. But the FinTech IPO Index managed to see at least some gains through the past five sessions. Slight gains, to be sure — the group was...
PNC Bank will partner with cloud banking software company Blend, in order to digitize the mortgage application process, a press release said. Customers will now be able to apply digitally for a mortgage and import bank or payroll information, through providing the right credentials. The...
March 16, 2022
Every banking customer must undergo onboarding when beginning a relationship with a new financial institution (FI), and these onboarding processes set the tone for the remainder of customers’ banking relationships in many ways. Businesses are increasingly interested in easing the onboarding process, with many consumers looking to digital banking channels to meet their financial needs […]
October 14, 2020
Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. These...
December 30, 2019
Despite the demonstrated benefits, the adoption of real-time payments has not been, well, particularly speedy. Many businesses cite the lack of ubiquity and high upfront costs for their halting shift...
October 23, 2019
The U.S. is readying for real time, as far as infrastructure is concerned. Mastercard hopes to spur B2B and C2B adoption of real-time transactions through, respectively, Pay on Delivery and...
April 16, 2024
PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%. Within this, consumer loans declined less than 1%, while average commercial loans decreased 2%, the bank said in a Tuesday (April 16) earnings release. The slight decline in consumer […]
February 14, 2024
PNC Bank will invest $1 billion to open more than 100 new locations and renovate 1,200 existing ones through 2028. The bank currently has about 2,300 brick-and-mortar locations across the...
September 27, 2022
PNC Bank will partner with cloud banking software company Blend, in order to digitize the mortgage application process, a press release said. Customers will now be able to apply digitally...
April 05, 2022
Early Warning Services LLC has teamed up with seven of America’s biggest banks to launch Authentify, an identity verification service for businesses and consumers. According to a company news release...
