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.

Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
November 22, 2024  |  Banking

Banks and credit unions may feel like they offer a best-in-class digital experience — and the readiness to offer new services and options — when...

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Brazilian Banks Improve Profitability, Led by Digital Players
Brazilian Banks Improve Profitability, Led by Digital Players
November 21, 2024  |  Digital-First Banking

Digital banks reportedly led Brazilian banks’ profitability improvements during the first half of the year. The country’s digital banks saw their annual return on equity (ROE)...

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US Bank and One Inc Team to Accelerate Instant Insurance Payments
US Bank and One Inc Team to Accelerate Instant Insurance Payments
November 21, 2024  |  Partnerships

Insurance industry payments network One Inc has launched a partnership with U.S. Bank. The collaboration, announced Thursday (Nov. 21), integrates U.S. Bank’s money movement and banking...

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Federal Reserve Bars CEO Convicted of Embezzlement From Banking Industry
Federal Reserve Bars CEO Convicted of Embezzlement From Banking Industry
November 21, 2024  |  Security & Fraud

The Federal Reserve Board said Thursday (Nov. 21) that it prohibited Shan Hanes, a former CEO of Heartland Tri-State Bank who was convicted of embezzlement,...

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Regulators Tell House Committee They’ll Pause New Banking Rules
Regulators Tell House Committee They’ll Pause New Banking Rules
November 20, 2024  |  Bank Regulation

There’ll be a moratorium on new banking rules — at least for a bit. A trio of the top financial services industry regulators told the...

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OCC’s Hsu Supports Chartering Regime for Nonbanks
OCC’s Hsu Supports Chartering Regime for Nonbanks
November 20, 2024  |  Regulation

Acting Comptroller of the Currency Michael J. Hsu said he supports “federal payments regulation and a chartering regime for nonbanks.” In a written statement on...

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Revolut CEO: Growing Without Banking License Was ‘Wrong Decision’
Revolut CEO: Growing Without Banking License Was ‘Wrong Decision’
November 20, 2024  |  Bank Regulation

Is U.K. FinTech startup Revolut pursuing a banking license in the U.S? CEO Nik Storonsky reportedly hinted as much when speaking to an audience of...

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BioCatch Unveils ‘Behavior-Based’ Financial Crime Intelligence Network
BioCatch Unveils ‘Behavior-Based’ Financial Crime Intelligence Network
November 20, 2024  |  Security & Fraud

Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” The BioCatch Trust Network is designed to protect...

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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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