FinTech and crypto investor Marc Andreessen kicked off a firestorm over the weekend by alleging, on Joe Rogan’s podcast, that those two sectors — and dozens of companies backed by his namesake firm, Andreessen Horowitz — were being fundamentally “debanked” by U.S. financial institutions (FIs)....
Germany’s Deutsche Bank is reportedly benefitting from uncertainty surrounding a possible takeover of rival Commerzbank. Commerzbank’s customers are increasingly turning to Deutsche Bank for funding, Jan-Philipp Gillmann, head of Deutsche Bank’s German/European corporate banking division, told attendees at an event at Frankfurt. This is happening...
Banking technology company Mbanq has debuted Mbanq Comet, an AI-powered digital loan origination platform. Comet integrates with core banking systems and is designed to allow banks, credit unions and FinTechs to streamline their loan decision process without interrupting their existing operations, according to a Monday (Nov. 25)...
Banks and credit unions may feel like they offer a best-in-class digital experience — and the readiness to offer new services and options — when it comes to bringing lending products online. And they may see themselves as engaging with their customers across online channels....
British banking giant NatWest has teamed with NCR Atleos to upgrade its self-service banking network. The expanded partnership is driven by NatWest’s need “for a more agile and efficient self-service banking platform,” the company said in a Monday (Nov. 18) news release. That means NatWest, with help from NCR Atleos, is...
The banking system is sound, and resilient, according to the Federal Reserve. But the performance of some of the loans on banks’ books — particularly at smaller financial institutions (FIs) — bear watching. To that end, the central bank noted in its semiannual Supervision and...
Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier this month, Iberpay said in a news release Monday (Nov. 18). As part of the EPC’s One-Leg Out (OCT Inst) program, banks can tap...
HSBC reportedly wants hundreds of managers to reapply for jobs at the bank’s new division. Interviews for positions at HSBC’s corporate and institutional banking (CIB) arm have already begun, Bloomberg News reported Monday (Nov. 18), citing sources familiar with the matter. These interviews — part of new CEO Georges...
PNC Bank increased the number of new branch locations and renovations it plans to complete over the next five years. The bank plans to open 200 new branch locations in 12 cities and renovate 1,400 existing branches during that time, investing $1.5 billion in these...
