Recently, 14 financial institutions—including all 6 Big Banks—agreed with the Financial Consumer Agency of Canada (FCAC) to offer low- and no-cost bank accounts to all Canadians. Bank account…
Read more Cut unnecessary costs with one simple change to your banking – MoneySenseBigger thinking needed to fix Canada’s productivity crisis A more productive economy is better equipped to handle that shock, Rogers argued, and competition is a path to productivity.…
Read more Complacency, competition, and Canada’s productivity crisis – MoneySenseBanking executives and staff held a ribbon-cutting ceremony last week at Bank of America‘s newest Long Island branch. Bank of America officially opened its new 3,474-square-foot branch at…
Read more Bank of America opens new branch in Rocky Point | Long Island Business NewsBBVA Argentina, a subsidiary of BBVA which serves South America, is revamping its tech stack to ensure the bank stays competitive against rising fintechs. “Digitalization, which was previously…
Read more Digitalization, AI table stakes in banking, BBVA saysSoFi Technologies (NASDAQ: SOFI) continues to capture investor attention as the fintech powerhouse prepares to report its second-quarter 2025 earnings on Tuesday, July 29, before market open. The…
Read more SoFi Stock Surges 38% YTD: Q2 ’25 Earnings Preview & AnalysisCitizens Bank is moving away from third-party vendors and launching in-house solutions to simplify account opening. The $219 billion bank has developed in-house solutions over the past two…
Read more Citizens streamlines account openings with in-house solutionsTechnology provider FIS ended the third quarter with the acquisition of payment systems company Dragonfly Financial Technologies, a move that will boost the company’s digital offerings. “Dragonfly complements…
Read more Transactions: FIS Q3 winsAlliant Credit Union is looking to create value for its customers by offering digital solutions that traditional banks don’t offer. The $20 billion digital-only financial institution is…
Read more Alliant Credit Union saves customers $500M in 2024The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the botched rollout of a new online banking system, which left clients unable to access…
Read more CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rolloutBanks are investing in their digital banking offerings and Fiserv has launched a new platform to meet those needs. Fiserv launched experience digital, or XD, in September. It…
Read more Fiserv expands digital banking offerings to meet growing demandEQ Bank Personal Account If you’re looking for a chequing-style account that you can use daily and use to save while also earning interest, consider EQ Bank’s Personal…
Read more Should you get that promo rate? Check out the fine print first – MoneySenseU.S. Bank increased its technology spend in the third quarter to further digitalize capabilities within its branch network. “Our strategy focus is to create density in the highest…
Read more U.S. Bank invests in branch modernization in Q3Some financial institutions are decreasing their branch footprint as bank clients increasingly adopt digital offerings while Bank of America and JPMorgan are investing in their branch capabilities to…
Read more Bank of America, JPMorgan invest in branch networksCredits unions tapping Dublin-based fintech Pulsate for mobile solutions see a return on investment with a major uptick in funded loans, engagement and transactions. It is imperative that…
Read more Mobile solutions offer competitive edge for credit unionsTruist Financial is seeing increased mobile banking adoption among its customers as it prioritizes personalized experiences. “You hear people talk ‘digital first,’ [but] I would actually argue it’s…
Read more 75% of Truist customers’ primary access is mobile appBank of Montreal is deploying AI to improve customer experience and grow digital sales of its products to gain market share. In its third fiscal quarter of 2024,…
Read more BMO bot enables 3M customer interactions | Bank Automation NewsRegional banks are deploying technology to keep up with client demand and compete with major financial institutions. The $62 billion Valley Bank joins other financial institutions, including the…
Read more Regional FIs deploy tech to remain competitive | Bank Automation NewsRevolut Ltd. said a secondary share sale that allowed the company to give employees liquidity for their stakes valued the company at $45 billion. The round was led…
Read more Revolut says secondary share sale valued firm at $45B | Bank Automation NewsArmed Forces Bank is investing in its digital banking channels to ensure that its military-focused client base has 24/7, global access to banking capabilities. “The families and individuals…
Read more Armed Forces Bank brings 24/7 banking to military customers | Bank Automation NewsVantage Bank has selected digital banking service provider Unit to improve its core digital banking offerings and provide embedded finance capabilities. Community banks don’t have the resources to…
Read more Transactions: Vantage Bank picks Unit for embedded finance | Bank Automation News
