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Transactions: Avidia Bank selects Q2, Personetics for digital banking services
Hudson, Mass.-based bank Avidia Bank has selected digital banking service provider Q2 to improve..
Fintech Funding: BankTech Ventures invests in three fintechs
Fintech funding has hit a four-year low, but venture capitalists believe that it will slowly return ..
The Fed’s Preferred Inflation Measure Cools, Welcome News
The economy appears to be downshifting and price gains are moderating, as Federal Reserve officials ..
Banks Could Weather Even Extreme Economic Tumult, Fed Finds
The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios —..
Inside look: BNY Mellon’s Pershing X product pipeline
BNY Mellon looks to client feedback and demand when planning the product pipeline within its..
5 questions with … Morgan Stanley Head of AI Jeff McMillan
Morgan Stanley’s Jeff McMillan, head of firmwide artificial intelligence, is focused on developing..
BBVA plans to start digital bank in Germany to rival JPMorgan
Banco Bilbao Vizcaya Argentaria SA is planning to open a digital consumer bank in Germany, using..
Transactions: Mastercard and Temenos team up for global payments
Technology provider Temenos will integrate Mastercard’s Mastercard Move solution to provide banks..
ING, Deutsche look to AI for personalization
ING and Deutsche Bank are looking to AI to boost efficiencies and provide personalized banking..
AWS clients tap into Visa Cloud Connect platform
Amazon Web Services’ business clients can now tap Visa’s payments solutions through the recently..
Japón funciona con máquinas expendedoras. Pronto millones quedarán obsoletas
Los nuevos billetes de yen que se introducirán este verano no serán compatibles con muchas máquinas ..
Office Buildings’ Losses Are Growing, With More Pain to Come
The distress in commercial real estate is growing as some office buildings sell for much lower..
When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card
Last year, JPMorgan Chase wanted to pay Mansoor Shams a low-six-figure salary to work in a..
U.S. Bank reaps returns on $8B tech investment
U.S. Bank is realizing gains from the $8 billion it has invested in technology since 2019 as it..
PCE Inflation, the Fed’s Preferred Gauge, Remained Flat in April
The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it.
Transactions: Cache Valley Bank selects Finastra for core and digital banking
Cache Valley Bank has selected fintech Finastra for its core banking and digital banking offerings..
Fed Minutes Show Officials Were Wary About Inflation at May Meeting
Federal Reserve policymakers were still willing to raise rates if the economy surprised them, notes ..
FDIC Chief Gruenberg to Resign and Biden Will Choose His Successor
Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation, said he would step..
Chase for Business approaches innovation in phases
JPMorgan Chase considers customer needs, competition and time to market when approaching product..
One in five TD patents are AI-related
To provide personalized customer experiences, TD Bank is developing AI technology, which has..
Transactions: KeyBank, Qolo launch virtual account management service
KeyBank launched its virtual account management solution, Key Virtual Account Management, powered..
Why Higher Fed Rates Are Not Totally Off the Table
Fed officials still think their next move will be to cut rates, but they are not entirely ruling..
Envestnet invests in data, API solutions
Wealth-tech giant Envestnet is ramping up its investment in data and analytics to increase..
Bank Automation Summit Europe 2024 takes place in Frankfurt
Bank Automation News is pleased to announce that the inaugural Bank Automation Summit Europe 2024..
The Case for Letting Mortgages Move With Us
Mortgages that offer portability for a fee could help thaw the housing market.
Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another..
Capital One waiting for regulatory approval of Discover acquisition
As it waits for regulators to approve its $35 billion acquisition of payments network Discover,..
Truist to invest in tech for cost savings
Truist Bank expects to continue investing in technology to save money as it restructures. “We..
Lawsuit Puts Fresh Focus on Eric Hovde’s Comments About Older Voters
Pressed on his claims of 2020 election irregularities, the Republican candidate for Senate in..
Se acerca la famosa ‘reducción a la mitad’ de los bitcoines
Los aficionados al bitcóin esperan que la reducción programada del número de nuevas monedas en..
RPA does job of 500 people at KeyBank
KeyBank is using robotic process automation to boost efficiency without hiring more people. The..
U.S. Bank’s investment in payments tech drives growth
U.S. Bank’s investment in payments technology contributed to growth and higher payments revenue in..
PNC invests in retail banking technology platform
PNC Financial worked to expand to new markets and grow its digital platforms in the first quarter. ..
I.M.F. Sees Steady Growth but Warns of Rising Protectionism
The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers ..
TD Bank deploys virtual reality for training
TD Bank is experimenting with virtual reality to build practical skill sets through controlled..
Letitia James, the Attorney General, Objects to Trump’s Bond Deal
Letitia James, the attorney general, said in court papers that the California company providing the ..
Biden and Corporate America? It’s ‘Complicated.’
The president has courted executives with long listening sessions and sustained outreach, but..
Poor Nations Are Writing a New Handbook for Getting Rich
Economies focused on exports have lifted millions out of poverty, but epochal changes in trade,..
Movers and Shakers: Stawchansky new chief technology innovation officer at Finastra
Fintech Finastra has appointed Mike Stawchansky senior vice president, chief technology innovation..
Bankman-Fried is sentenced to 25 years in prison over FTX collapse
FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of..
