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.

Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness
Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness
April 30, 2024  |  Personal Finance

Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to...

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Swift and Veritran Team on Improved Cross-Border Payments
Swift and Veritran Team on Improved Cross-Border Payments
April 29, 2024  |  Partnerships

Banking platform Veritran has launched a partnership with financial messaging service Swift. The collaboration, announced Monday (April 29), is designed to help financial institutions to offer customers enhanced and...

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1 in 4 Consumers Prefer Credit Cards From Local Banks or Credit Unions
1 in 4 Consumers Prefer Credit Cards From Local Banks or Credit Unions
April 29, 2024  |  Credit Cards

According to PYMNTS Intelligence, credit unions (CUs) and community banks continue to gain traction in the consumer credit card space. As we found in researching...

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SoFi Deposits Grow 16% Over Last Year Amid ‘Cross-Buy’ Opportunities
SoFi Deposits Grow 16% Over Last Year Amid ‘Cross-Buy’ Opportunities
April 29, 2024  |  Earnings

SoFi Technologies’ latest quarterly earnings results released Monday (April 29) showed a surge in direct deposit activity — and that more customers are using SoFi Money accounts for those...

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Banks Pay Savers More to Stay Amid Steep Interest Rates
Banks Pay Savers More to Stay Amid Steep Interest Rates
April 28, 2024  |  Banking

For America’s biggest banks, deposit costs are exceeding interest income. That’s the first time that’s happened since the Federal Reserve began increasing rates two years...

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Republic First Sold to Fulton in Latest Regional Bank Failure
Republic First Sold to Fulton in Latest Regional Bank Failure
April 28, 2024  |  Banking

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which...

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Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation
Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation
April 26, 2024  |  Banking

The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and...

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Banks Need ‘Change Management Checklist’ in Battle Against Fraud
Banks Need ‘Change Management Checklist’ in Battle Against Fraud
April 26, 2024  |  Fraud Prevention

Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as...

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Financial Infrastructure Platform QI Tech Achieves Unicorn Status
Financial Infrastructure Platform QI Tech Achieves Unicorn Status
April 25, 2024  |  Investments

Brazilian FinTech QI Tech has achieved unicorn status after extending its Series B round. With this extension, the firm raised additional equity with current investor...

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