Bank of America clients had a record 23.4 billion digital interactions with the bank in 2023. Those interactions include logging into their accounts 12.8 billion times and receiving 10.6 billion proactive digital alerts during the year, Bank of America said in a Monday (Feb. 12) press release....
The rise of seamless, digital experiences has democratized convenience while transforming countless sectors. More than two decades into the 21st century, the banking landscape is now undergoing an evolution driven by the rise of digital banking. “The COVID-19 pandemic forced everybody onto digital channels, and...
Fraud and financial crime remain challenging for financial institutions (FIs), even as fraud rates have remained high for many of them in 2023 relative to 2022 figures — a year in which 70% of FIs experienced increased fraud over 2021. At a time of the...
PayPal received approval from the Financial Conduct Authority (FCA) on Tuesday (Oct. 31) to offer crypto-asset activities in the United Kingdom. The FCA has implemented stricter rules on marketing crypto assets, causing issues for some companies, Reuters reported Wednesday (Nov. 1). Those wishing to offer crypto assets in the U.K....
Peru’s Banco de Credito (BCP), has joined forces with digital banking and payments solutions provider i2c Inc. to introduce the digital banking platform, iO, the companies said Tuesday (Oct. 17). Leveraging i2c‘s unified banking and payments technology, iO offers a range of features and benefits...
Mastercard is leveraging its open banking technology through partnerships announced Tuesday (Oct. 17) to provide flexible and secure lending and payments experiences for consumers and small businesses. By partnering with key players in the ecosystem, such as Worldpay from FIS and Zip, Mastercard is scaling...
JPMorgan Chase is reportedly considering using blockchain technology to create a digital deposit token for faster cross-border payments and settlements, Bloomberg has reported, citing an anonymous source familiar with the matter. Per the Thursday (Sept. 7) report, the U.S. bank has already developed the necessary infrastructure for...
TCM Bank and growth platform LemonadeLXP have teamed to help community banks increase their digital footprint. “TCM is committed to delivering the best cardholder experience for our community bank clients,” C.J. Littrell, executive vice president and chief operating officer at TCM Bank, said in a Tuesday (Sept. 5) news release....
African telecommunications company MTN Group Ltd. is seeking to include up to three more strategic investors in its telecom unit, said MTN Group CEO Ralph Mupita. “We are open to selling up to a maximum of 30% of the FinTech business. There might be three or...
