banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Citi Head of Risk Data Peter Cai Leaves Bank
Citi Head of Risk Data Peter Cai Leaves Bank
June 26, 2024  |  Personnel

Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank. Cai’s departure was...

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FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
June 26, 2024  |  Cybersecurity

In many ways, it has been the summer of cyberattacks and data breaches. And with the news Tuesday (June 25) that Russian-linked ransomware gang Lockbit is...

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Australian Bank Spots Scams via How Users Hold Their Phones
Australian Bank Spots Scams via How Users Hold Their Phones
June 26, 2024  |  Security & Fraud

Can the angle at which you hold your phone help your bank protect against scams? National Australia Bank seems to think so. Speaking during the...

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New Digital Wealth Advisor Evergreen Money Launches High-Yield Checking Account
New Digital Wealth Advisor Evergreen Money Launches High-Yield Checking Account
June 25, 2024  |  Digital Banking

Evergreen Money introduced a high-yield checking account that offers the functionality of a traditional checking account. Deposits in the new Liquid Treasuries account are automatically...

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Trending: Banking-as-a-Service Upheaval Will Stabilize
Trending: Banking-as-a-Service Upheaval Will Stabilize
June 25, 2024  |  Digital Banking

One of the themes in PYMNTS’ monthly “What’s Next in Payments” series is that the Banking-as-a-Service (BaaS) model is under pressure right now. Synapse declared...

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JPMorgan Chase Bank India CEO Prabdev Singh Steps Down
JPMorgan Chase Bank India CEO Prabdev Singh Steps Down
June 24, 2024  |  Personnel

J.P. Morgan Chase Bank India CEO Prabdev Singh reportedly stepped down from his position and is leaving the bank about one-and-a-half years into a three-year...

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Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
June 21, 2024  |  Bank Regulation

For the banking as a service (BaaS) firms, the Synapse bankruptcy, the cease-and-desist order against Evolve, and the wait for regulatory clarity are all proving...

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Traditional Banks Must Innovate Their B2B Solutions to Stay Competitive
Traditional Banks Must Innovate Their B2B Solutions to Stay Competitive
June 21, 2024  |  B2B Payments

Both the banking and business landscape are being reshaped by next-generation behavioral expectations. In order to meet these emerging end-user expectations, which tend to center...

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FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
June 21, 2024  |  Bank Regulation

Last year marked a seismic shift in financial services — as five bank failures tested the ways and means at the disposal of government and...

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