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.

BNY Mellon Rebrands as BNY
BNY Mellon Rebrands as BNY
June 11, 2024  |  Banking

Say goodbye to BNY Mellon and hello to BNY. The bank — America’s oldest — is updating its logo and taking BNY as its new name, it announced...

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JPMorgan Names PayPal Vet Shivananda as New Tech Chief
JPMorgan Names PayPal Vet Shivananda as New Tech Chief
June 10, 2024  |  Personnel

JPMorgan Chase has reportedly named former PayPal executive Sri Shivananda as its chief technology officer. Shivananda will take up the CTO post later this month and succeed A.J....

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Federal Reserve Approves VersaBank Acquisition of Stearns Bank; OCC Up Next
Federal Reserve Approves VersaBank Acquisition of Stearns Bank; OCC Up Next
June 07, 2024  |  Acquisitions

VersaBank received one of two U.S. regulatory approvals it needs to proceed with its previously announced proposed acquisition of Stearns Bank Holdingford. The Federal Reserve...

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Verification Innovations Help Boost Compliance and Fraud Prevention
Verification Innovations Help Boost Compliance and Fraud Prevention
June 07, 2024  |  Authentication

It’s been a busy few weeks in the realm of identity verification. Fraudsters are wily, it’s true — leveraging technology, particularly AI, and stolen data,...

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Banks See Risk in Dependence on Big Tech’s AI Capabilities
Banks See Risk in Dependence on Big Tech’s AI Capabilities
June 07, 2024  |  Banking

The growing dependence of banks on Big Tech companies for artificial intelligence (AI) capabilities is reportedly raising concerns about new risks. This dependency of the...

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US Bank Teams With Greenlight on Teen Bank Accounts
US Bank Teams With Greenlight on Teen Bank Accounts
June 06, 2024  |  Banking

U.S. Bank has launched a partnership with Greenlight aimed at increasing financial education. The collaboration will give eligible U.S. bank customers complimentary access to Greenlight’s debit card and...

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5 Things to Watch as Open Banking Gains Ground in the US
5 Things to Watch as Open Banking Gains Ground in the US
June 06, 2024  |  Regulation

Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed. But, with lessons learned from...

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Credit Unions Look to Connect With Gen Z
Credit Unions Look to Connect With Gen Z
June 06, 2024  |  Credit Unions

As Generation Z comes into its own as a demographic sector to be reckoned with, financial institutions (FIs) of all stripes are eager to win...

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Mastercard to Add Open Banking-Powered Solutions for Accounts
Mastercard to Add Open Banking-Powered Solutions for Accounts
June 06, 2024  |  Mastercard

Mastercard will add new open banking-powered solutions that make it easier for consumers to automatically switch their direct deposits and update their recurring bill payments....

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