Banks

Banking, Credit Cards, Home Loans & Auto Loans. Personal. Small Business. Wealth Management is just some of the main things a Bank will offer in terms of services.

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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Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
June 07, 2024  |  Legal

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7)....

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5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
June 07, 2024  |  Blockchain

Cross-border payments innovations are turning global growth frictions into modern fictions. Or, at least, they are working on it. Ripple and Clear Junction announced Wednesday...

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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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