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.

PNC Bank Increases Investment in New Branch Locations and Renovations
PNC Bank Increases Investment in New Branch Locations and Renovations
November 08, 2024  |  Banking

PNC Bank increased the number of new branch locations and renovations it plans to complete over the next five years. The bank plans to open...

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Shares of Credit Card Issuers and Lenders Rise After Election
Shares of Credit Card Issuers and Lenders Rise After Election
November 08, 2024  |  Post-Election

Shares of credit card issuers and lenders have reportedly risen after the election of Donald Trump, with investors expecting the incoming Trump administration to deliver regulatory...

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CFPB: Navy Federal CU Fined $95 Million for Alleged Illegal Overdraft Fees
CFPB: Navy Federal CU Fined $95 Million for Alleged Illegal Overdraft Fees
November 07, 2024  |  Bank Regulation

The government has ordered America’s largest credit union to repay its customers $80 million. Navy Federal Credit Union was issued that order Thursday (Nov. 7)...

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Banks ‘Kicking Can Down the Road’ on Commercial Property Loans
Banks ‘Kicking Can Down the Road’ on Commercial Property Loans
November 07, 2024  |  Loans

Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation...

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UBS Debuts Blockchain-Based Payments Tool Digital Cash
UBS Debuts Blockchain-Based Payments Tool Digital Cash
November 07, 2024  |  Blockchain

Switzerland-based bank UBS has created and piloted UBS Digital Cash, a blockchain-based payment solution. The new offering is designed to allow for the programmability of money movements...

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FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
November 06, 2024  |  Regulation

If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs —...

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JPMorgan to Integrate On-Chain FX Settlement into Kinexys Blockchain Platform
JPMorgan to Integrate On-Chain FX Settlement into Kinexys Blockchain Platform
November 06, 2024  |  Blockchain

J.P. Morgan has announced a significant enhancement to its blockchain platform, recently rebranded from Onyx to Kinexys. The bank will integrate Kinexys Digital Payments with...

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Matera CEO Thinks US Banks Should Take a Page From Brazil’s Success With Pix and QR Code Payments
Matera CEO Thinks US Banks Should Take a Page From Brazil’s Success With Pix and...
November 06, 2024  |  Payments Innovation

Digital transformation for banks and credit unions in the U.S. is ripe with opportunities, some of which can strengthen customer relationships in ways that only...

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CFOs Tell Banks What They Want From Working Capital Solutions. And It Isn’t Always the Best Rate
CFOs Tell Banks What They Want From Working Capital Solutions. And It Isn’t Always the...
November 06, 2024  |  CFO

It was former Intel CEO Andy Grove who once said, “How well we communicate is determined not by how well we say things, but how...

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