PYMNTS-MonitorEdge-May-2024

banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Grasshopper Bank to Acquire Auto Club Trust
Grasshopper Bank to Acquire Auto Club Trust
October 09, 2024  |  Acquisitions

Grasshopper Bank plans to acquire Auto Club Trust, a subsidiary of The Auto Club Group (ACG), saying it will become the exclusive bank powering depository...

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Candescent’s Brown: Credit Unions Need Human Touch to Attract Gen Z
Candescent’s Brown: Credit Unions Need Human Touch to Attract Gen Z
October 09, 2024  |  Banking

For all banks — but especially for small banks and credit unions — capturing the hearts, minds and wallet share of younger generations is more...

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Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
October 08, 2024  |  Legal

Citibank lawyers urged a judge Tuesday (Oct. 8) to throw out a suit filed in January by New York Attorney General Letitia James that accuses...

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AI Surge Transforms Finance as Banks, Governance and Trading Evolve
AI Surge Transforms Finance as Banks, Governance and Trading Evolve
October 08, 2024  |  Artificial Intelligence

Artificial intelligence is reshaping finance, with PwC forecasting efficiency gains in banking, FINOS introducing an AI governance framework, and Devexperts bringing AI-powered trading to Discord....

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NuMark Credit Union Chooses Atleos to Upgrade ATM Offerings
NuMark Credit Union Chooses Atleos to Upgrade ATM Offerings
October 08, 2024  |  Credit Unions

Self-service banking provider NCR Atleos has launched a collaboration with NuMark Credit Union. “As member expectations continue to evolve, we are committed to providing a...

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Velera and Kinective Team to Help Credit Unions Integrate Financial Software
Velera and Kinective Team to Help Credit Unions Integrate Financial Software
October 08, 2024  |  Credit Unions

Credit union service organization Velera has launched a partnership with banking software company Kinective. The collaboration gives Velera’s credit union clients access to Kinective’s Gateway, an integration technology...

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Big Bank Lending Income Projected to Hit Two-Year Low
Big Bank Lending Income Projected to Hit Two-Year Low
October 08, 2024  |  Banking

America’s biggest banks are reportedly ready to announce the lowest lending income in two years. J.P. Morgan Chase, Bank of America, Citigroup and Wells Fargo...

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NCR Atleos Adds CoreFirst Bank to ATM Network
NCR Atleos Adds CoreFirst Bank to ATM Network
October 07, 2024  |  Partnerships

Self-service banking provider NCR Atleos has launched a partnership with Kansas-based CoreFirst Bank & Trust. The collaboration is designed to provide “wider, more convenient access to everyday banking”...

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Plaid and MoneyLion Team to Give Lenders Cash Flow Underwriting Insights
Plaid and MoneyLion Team to Give Lenders Cash Flow Underwriting Insights
October 07, 2024  |  Loans

Digital financial ecosystem MoneyLion adopted a new solution from Plaid that allows consumers to link their bank accounts and get pre-qualified for loans. When consumers...

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