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.

FIS Launches Platform for Digital Asset Trading
FIS Launches Platform for Digital Asset Trading
October 02, 2024  |  Investments

FIS unveiled its Digital Trading Storefront, a differentiated cross-asset trading experience. The storefront enables banks, broker-dealers and wealth managers to move their cross-asset trading platforms...

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3 Things to Know as Private Credit Heads Toward a $2 Trillion Industry
3 Things to Know as Private Credit Heads Toward a $2 Trillion Industry
October 02, 2024  |  Loans

The private credit market is booming — and has the potential to reshape lending, and risk, too, in financial services. Generally and conceptually speaking, the...

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Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
October 02, 2024  |  Bank Regulation

Starling Bank has been fined 29 million pounds ($38 million) for failing to implement proper financial crime controls. The U.K. Financial Conduct Authority (FCA) announced the penalty against...

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JPMorgan Opening Dozens of Branches in Low-Income Communities
JPMorgan Opening Dozens of Branches in Low-Income Communities
October 02, 2024  |  Banking

J.P. Morgan Chase reportedly wants to open almost 100 branches in low-income communities. As the Wall Street Journal (WSJ) reported Tuesday (Oct. 2), this effort...

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Google Cloud: There Are Two Reasons Banks Need to Move to the Cloud
Google Cloud: There Are Two Reasons Banks Need to Move to the Cloud
October 02, 2024  |  Security & Fraud

Cybersecurity is a pressing and complex challenge for financial institutions. It’s a space where technology and strategy must align to ensure resilience and compliance, and...

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52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
October 02, 2024  |  Credit Unions

As digital banking transforms the financial landscape, community banks and credit unions (CUs) are poised to capture Generation Z and millennials. These digital natives are...

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Barclays Pays $4 Million in Swap Reporting Violations Case
Barclays Pays $4 Million in Swap Reporting Violations Case
October 01, 2024  |  Bank Regulation

British banking giant Barclays will pay $4 million to settle a U.S. regulatory case. The Commodity Futures Trading Commission (CFTC) announced Tuesday (Oct. 1) that it had settled charges...

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Visa’s Tink Debuts Merchant Information for Greater Transaction Visibility
Visa’s Tink Debuts Merchant Information for Greater Transaction Visibility
October 01, 2024  |  VISA

Visa-owned open banking platform Tink wants to give consumers a better view of transactions. The company on Tuesday (Oct. 1) launched “Merchant Information,” a solution...

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Amount: Digital Innovations Provide Right Small Business Products at Right Time
Amount: Digital Innovations Provide Right Small Business Products at Right Time
October 01, 2024  |  SMBs

Small businesses have a big problem: access to capital. And this big problem is an equally big opportunity for the lenders that can get it...

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