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FIs seek tech growth through M&A FIs seek tech growth through M&A

Financial institutions are looking to mergers and acquisitions to expand their footprints in..
Inside Look: U.S. Bank’s SMB fintech strategy Inside Look: U.S. Bank’s SMB fintech strategy

U.S. Bank is looking to fintechs to provide back-office management for its small-business clients.  ..
Book Review: ‘Madoff: The Final Word,’ by Richard Behar Book Review: ‘Madoff: The Final Word,’ by Richard Behar

The journalist Richard Behar communicated extensively with the disgraced financier. His rigorous if ..
Podcast: Retail POS lending is an opportunity for lenders, Pagaya president says Podcast: Retail POS lending is an opportunity for lenders, Pagaya president says

Point-of-sale financing as an alternative payment method is a growing opportunity for lenders,..
Bank Automation Summit Europe 2024 agenda is live Bank Automation Summit Europe 2024 agenda is live

The inaugural Bank Automation Summit Europe 2024 will be held Oct. 7-8 at the Hilton Frankfurt in..
Podcast: Banks explore AI with consumer concerns in mind Podcast: Banks explore AI with consumer concerns in mind

Financial institutions must approach emerging technologies such as AI with experience and empathy..
Inside look: Fiserv University tech training Inside look: Fiserv University tech training

Technology provider Fiserv is expanding its training offerings to clients through Fiserv University,..
What to Watch as the Fed Meets What to Watch as the Fed Meets

Federal Reserve officials are expected to leave interest rates unchanged, and will release fresh..
Apple launches Tap to Cash, BNPL Apple launches Tap to Cash, BNPL

Apple has announced new features for Apple Wallet and Apple Pay.  “We’re adding two new ways to pay ..
Biden Nears Pick for Next FDIC Chair Biden Nears Pick for Next FDIC Chair

The front-runner for the bank regulatory job is Christy Goldsmith Romero, a member of the Commodity ..
Deutsche Bank shares data with Swift for AI fraud solution Deutsche Bank shares data with Swift for AI fraud solution

AMSTERDAM — Deutsche Bank is one of multiple financial institutions sharing anonymized data with..
Detroit Nonprofit CFO Accused of Stealing $40 Million Detroit Nonprofit CFO Accused of Stealing $40 Million

Prosecutors said the financial chief of the Detroit Riverfront Conservancy used the group’s funds..
ING implements gen AI for know your customer processes ING implements gen AI for know your customer processes

AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity..
Collectors Line Up in London as King Charles Bank Notes Are Released Collectors Line Up in London as King Charles Bank Notes Are Released

A steady stream of people lined up at the Bank of England on Wednesday to get what they hoped would ..
Movers and shakers: Green Dot appoints Caine to head BaaS Movers and shakers: Green Dot appoints Caine to head BaaS

Digital bank and fintech Green Dot has appointed Renata Caine as the general manager of its..
Fintech funding: Kudos raises $10.2M Fintech funding: Kudos raises $10.2M

Global fintech funding dropped to a four-year low in the first quarter of 2024 but the number of..
Why Are People So Down About the Economy? Theories Abound. Why Are People So Down About the Economy? Theories Abound.

Things look strong on paper, but many Americans remain unconvinced. We asked economic officials,..
Biden Moves to Open U.S. Banks to Cuba’s Private Sector Biden Moves to Open U.S. Banks to Cuba’s Private Sector

The rules will allow Cuban entrepreneurs to open bank accounts in the United States, making it..
Businesses in D.C. Blame the Government for the District’s Empty Offices Businesses in D.C. Blame the Government for the District’s Empty Offices

Workers in Washington have returned to the office slowly, with a pervasive and pronounced effect on ..
JPMorgan KYC operations up to 90% more productive with AI JPMorgan KYC operations up to 90% more productive with AI

JPMorgan Chase is reaping rewards in know-your-customer operations from deployment of AI.  The bank ..
Rent Is Harder to Handle and Inflation Is a Burden, a Fed Financial Survey Finds Rent Is Harder to Handle and Inflation Is a Burden, a Fed Financial Survey Finds

The Federal Reserve’s 2023 survey on household financial well-being found Americans excelling in..
Podcast: 95% of data is unstructured Podcast: 95% of data is unstructured

Financial institutions are looking to AI to help organize and tap into their structured and..
Inside look: FIS’ cloud strategy Inside look: FIS’ cloud strategy

Fidelity Information Services is looking to the public cloud to scale operations and reduce costs.  ..
Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again

A scathing report revealed a culture of widespread sexual harassment and discrimination at the..
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

Jerome H. Powell, the Federal Reserve chair, said that the central bank was poised to leave..
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

Jerome H. Powell, the Federal Reserve chair, said that the central bank was poised to leave..
FIs look to tech providers for RTP, FedNow onboarding FIs look to tech providers for RTP, FedNow onboarding

Adoption is ticking up for The Clearing House’ Real Time Payments network and the Federal Reserve’s ..
Bank of America emphasizes VR training for staff Bank of America emphasizes VR training for staff

Bank of America aims to add 10 to 20 modules to its virtual reality training program every year to..
Businesses prefer The Clearing House for RTP, Citizens exec says Businesses prefer The Clearing House for RTP, Citizens exec says

The Clearing House’s Real Time Payments’ network is gaining mid-market companies as businesses..
The Fed Tries to Steer Clear of Politics, But Election Year Is Making It Tough The Fed Tries to Steer Clear of Politics, But Election Year Is Making It Tough

Economists are wondering whether political developments could play into both the Fed’s near-term..
BNP Paribas, Deutsche Bank embrace cost discipline in Q1 BNP Paribas, Deutsche Bank embrace cost discipline in Q1

European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean..
NatWest eyes simplification to cut costs NatWest eyes simplification to cut costs

NatWest is driving its costs down by reducing branches, trimming headcount and simplifying..
Barclays targets $1.3B in cost savings in 2024 Barclays targets $1.3B in cost savings in 2024

Barclays is looking to cut costs through structural changes as it seeks efficiencies in the face of ..
Banks report digital adoption growth in first quarter Banks report digital adoption growth in first quarter

Huntington Bancshares joined mega-banks in growing digital adoption during the first quarter,..
Fifth Third controlling costs with automation Fifth Third controlling costs with automation

Fifth Third Bank saved $15 million in the first quarter, partly driven by deploying automation..
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up

On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
Wells shrinks branches as mobile usership jumps Wells shrinks branches as mobile usership jumps

Wells Fargo pulled back on its branch footprint as digital and mobile banking adoption climbed in..
Podcast: Cloud migration ‘a must’ for FIs Podcast: Cloud migration ‘a must’ for FIs

Financial institutions are prioritizing cloud migration as cost reduction and innovation continue..
Fintechs push for data access Fintechs push for data access

NEW YORK — The free flow of consumer data and information would spark innovation in their industry, ..
Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated. Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.

Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts,..