Banking
Goldman, Apple to pay $89M after CFPB card probe
[ad_1] Goldman Sachs Group Inc. and Apple Inc. will pay more than $89 million to resolve a long-running investigation into their credit-card joint venture…
Tag: retail banking
Banking
Goldman narrows consumer footprint
[ad_1] Goldman Sachs is trimming its consumer business in the third quarter, turning its attention to bread-and-butter segments including wealth management, dealmaking and trading. …
Banking
Real-time data drives consumer decisions post rate cut
[ad_1] Financial institutions are looking to real-time, data-driven insights to suggest actions clients can take to benefit from last week’s interest rate cut by…
Banking
TD Bank names Chun as CEO
[ad_1] TD Bank named Raymond Chun its incoming chief executive today after current CEO Bharat Masrani announced plans to retire in April. Chun, who…
Banking
Movers and Shakers: Wells Fargo appoints two new tech leaders | Bank Automation News
[ad_1] San Francisco-based Wells Fargo appointed Tracy Kerrins as head of consumer technology and leader of the bank’s new generative AI team, according to…
Banking
Fintech Funding: North American firms take most of H1 investment | Bank Automation News
[ad_1] Fintech funding hit a four-year low globally in the first half of 2024, but nearly three-quarters of the money raised went to North…
Banking
CFPB funding under new scrutiny | Bank Automation News
[ad_1] The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. The Supreme Court upheld the CFPB’s funding mechanism in May. In…
Banking
Regional FIs deploy tech to remain competitive | Bank Automation News
[ad_1] Regional banks are deploying technology to keep up with client demand and compete with major financial institutions. The $62 billion Valley Bank joins…
Banking
Larger FIs may need more time to implement open banking | Bank Automation News
[ad_1] Open banking regulation is quickly approaching but financial institutions are asking the Consumer Financial Protection Bureau to extend the timeline for implementation. FIs…
Banking
Revolut says secondary share sale valued firm at $45B | Bank Automation News
[ad_1] Revolut Ltd. said a secondary share sale that allowed the company to give employees liquidity for their stakes valued the company at $45…
Banking
Armed Forces Bank brings 24/7 banking to military customers | Bank Automation News
[ad_1] Armed Forces Bank is investing in its digital banking channels to ensure that its military-focused client base has 24/7, global access to banking…
Banking
Scotiabank to buy 14.9% of KeyCorp for about $2.8B | Bank Automation News
[ad_1] Bank of Nova Scotia agreed to buy a minority stake in KeyCorp, which was among the US regional banks hit hardest in last…
Banking
Transactions Dashboard: Digital banking leads way in 2024 | Bank Automation News
[ad_1] Banks are modernizing and digitalizing their platforms and offerings as users demand more online and mobile banking experiences. According to Bank Automation News’…
Banking
ClearBank wins license allowing fintech to expand across europe | Bank Automation News
[ad_1] ClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking…
Banking
Truist lands Wells Fargo tech leader | Bank Automation News
[ad_1] Truist is tapping Wells Fargo CIO of Consumer Technology Steve Hagerman to fill its chief information officer role. Hagerman was the “right…
Banking
TD cautious about consumer-facing AI | Bank Automation News
[ad_1] TD Bank is taking a conservative approach to AI for consumer-facing operations as it taps the tech for back-end efficiencies. “We are very…
Banking
StanChart invests in fintech M&A company, joining Citi, BNP | Bank Automation News
[ad_1] Standard Chartered Plc will take a stake in United Fintech Group, becoming the fourth large bank this year to invest in the London-based company…
Banking
Mobile, digital banking adoption jumps in Q2 | Bank Automation News
[ad_1] Financial institutions are investing in their mobile and digital experiences as consumers flock to online channels for self-service banking. “Consumers are really demanding…
Banking
Inside Cambridge Savings Bank’s 3-year digital roadmap | Bank Automation News
[ad_1] Cambridge Savings Bank is executing a three-year digital roadmap with automation, client experience and modern platforms at the forefront of the effort. “Our…
Banking
BNP teams up with Orange for retail financing | Bank Automation News
[ad_1] Paris-based BNP Paribas is working with telecom service provider Orange to provide its 21.8 million customers with personal financing solutions, according to a…