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.

Temenos Offers On-Site GenAI From Nvidia for Banks
Temenos Offers On-Site GenAI From Nvidia for Banks
November 19, 2024  |  artificial intelligence

Banking software provider Temenos says it has begun offering its “on-premises” generative artificial intelligence (AI) to banks. The tool, built with Nvidia’s AI platform, is...

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Payhawk Teams With J.P. Morgan Payments to Offer Banking Services
Payhawk Teams With J.P. Morgan Payments to Offer Banking Services
November 19, 2024  |  Partnerships

Expense management firm Payhawk launched a partnership with J.P. Morgan Payments. The collaboration will see Payhawk use J.P. Morgan Payments’ APIs to let customers store,...

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NatWest Turns to NCR Atleos to Upgrade ATM Fleet
NatWest Turns to NCR Atleos to Upgrade ATM Fleet
November 18, 2024  |  Banking

British banking giant NatWest has teamed with NCR Atleos to upgrade its self-service banking network. The expanded partnership is driven by NatWest’s need “for a more agile and efficient self-service banking...

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Goldman Sachs to Separate Blockchain-Based Platform From Digital Assets Business
Goldman Sachs to Separate Blockchain-Based Platform From Digital Assets Business
November 18, 2024  |  Blockchain

Goldman Sachs plans to spin out GS DAP, its blockchain-based platform for participants in digital capital markets, from its Digital Assets business. The financial institution...

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Fed’s Supervision Report Takes Note of Rising Card Delinquencies
Fed’s Supervision Report Takes Note of Rising Card Delinquencies
November 18, 2024  |  Banking

The banking system is sound, and resilient, according to the Federal Reserve. But the performance of some of the loans on banks’ books — particularly...

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FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule
FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule
November 18, 2024  |  Regulation

The Federal Deposit Insurance Corp. (FDIC) has extended the public comment period for its proposed rule on recordkeeping for banks’ custodial accounts. Previously scheduled to...

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Spanish Banking Community Joins Instant Cross-Border Payments Plan
Spanish Banking Community Joins Instant Cross-Border Payments Plan
November 18, 2024  |  Banking

Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier...

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HSBC Makes Managers Vie for Jobs Amid CEO Streamlining
HSBC Makes Managers Vie for Jobs Amid CEO Streamlining
November 18, 2024  |  Banking

HSBC reportedly wants hundreds of managers to reapply for jobs at the bank’s new division. Interviews for positions at HSBC’s corporate and institutional banking (CIB) arm...

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Credit Unions Trade Complexity for Simplicity and Win Customer Loyalty
Credit Unions Trade Complexity for Simplicity and Win Customer Loyalty
November 18, 2024  |  Credit Unions

“Complexity powers the status quo,” Karen Webster wrote in a recent column. And in financial services — particularly for credit unions —  complexity in the...

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