Bank

Fifth Third Faces CFPB Probe Over Fake Accounts
Fifth Third Faces CFPB Probe Over Fake Accounts
March 04, 2020  |  Bank Regulation

Fifth Third Bank said it’s facing enforcement action from the Consumer Financial Protection Bureau (CFPB) over alleged openings of unauthorized accounts. The CFPB said it...

READ MORE >
AP Automation Braces For Open Banking, Globalization
AP Automation Braces For Open Banking, Globalization
February 28, 2020  |  B2B Payments

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and...

READ MORE >
If Antitrust Issue Stops Merger E-Trade Would Get $525M From Morgan Stanley
If Antitrust Issue Stops Merger E-Trade Would Get $525M From Morgan Stanley
February 23, 2020  |  Partnerships / Acquisitions

If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley, the massive bank will come away with a $375 million breakup...

READ MORE >
Wells Fargo CEO Reorganizes Business Units
Wells Fargo CEO Reorganizes Business Units
February 12, 2020  |  Personnel

Wells Fargo executive Charles Scharf wants to stamp out any hint of scandal by redoing the company’s reporting lines, splitting the banking giant’s three divisions...

READ MORE >
FICO’s Take On Debit Security
FICO’s Take On Debit Security
January 30, 2020  |  Next-Gen Debit

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated...

READ MORE >
Wells Fargo: Using APIs To Cut Corporate Cash Flow Confusion
Wells Fargo: Using APIs To Cut Corporate Cash Flow Confusion
January 13, 2020  |  API

Banks need strong application programming interface (API) strategies if they want to retain their business clients. Business to business (B2B) APIs enable financial institutions (FIs)...

READ MORE >
PNC Blocks Venmo, Tells Users To Switch To Zelle
PNC Blocks Venmo, Tells Users To Switch To Zelle
December 16, 2019  |  Mobile Payments

In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to cement customer loyalty. ...

READ MORE >
Mercury Notches $20M To Fund Startups
Mercury Notches $20M To Fund Startups
September 26, 2019  |  Investments

California-based digital bank Mercury has announced it has raised $20 million in Series A funding that will be used to build a bank for startups....

READ MORE >