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.

61% of Millennials Want Real-Time Payments in Finance and Insurance
61% of Millennials Want Real-Time Payments in Finance and Insurance
October 15, 2024  |  Real-Time Payments

As the financial and insurance sectors evolve, the demand for swift and accurate payment systems has never been more pronounced. Legacy systems often need to...

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Deutsche Bank Debuts Correspondent Banking Solution dbX
Deutsche Bank Debuts Correspondent Banking Solution dbX
October 14, 2024  |  Banking

Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm,...

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Bank of America Merges FinTech and Technology Investment Banking Teams
Bank of America Merges FinTech and Technology Investment Banking Teams
October 14, 2024  |  Banking

Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its...

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India Central Bank Head Warns of AI ‘Opacity’ in Finance
India Central Bank Head Warns of AI ‘Opacity’ in Finance
October 14, 2024  |  artificial intelligence

The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that...

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79% of Millennials and Gen Z Turn to Social Media for Financial Advice
79% of Millennials and Gen Z Turn to Social Media for Financial Advice
October 14, 2024  |  Consumer Finance

Social media algorithms have emerged as influential players in the realm of advice, effectively acting as pseudo-advisers for generations eager for financial literacy. A PYMNTS...

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JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
October 11, 2024  |  Earnings

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday...

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Treasury Official: State-by-State Regulations Stifle Innovation for FinTechs
Treasury Official: State-by-State Regulations Stifle Innovation for FinTechs
October 11, 2024  |  Regulation

A federal regulatory framework for nonbank payment service providers is needed to reduce risks and promote innovation, Nellie Liang, under secretary for domestic finance at...

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BNY Clears Path for Cloud-Native Archer Acquisition
BNY Clears Path for Cloud-Native Archer Acquisition
October 11, 2024  |  Earnings

BNY is looking to add managed accounts and alternative and private market investment products as it looks to continue growing. This announcement came as the...

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HSBC Cutting Top Managers in $300 Million Savings Plan
HSBC Cutting Top Managers in $300 Million Savings Plan
October 10, 2024  |  Banking

Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges...

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