PYMNTS-MonitorEdge-May-2024

Banks

Banking, Credit Cards, Home Loans & Auto Loans. Personal. Small Business. Wealth Management is just some of the main things a Bank will offer in terms of services.

UK’s FCA Fines Metro Bank $21 Million for Money Laundering Protection Lapses
UK’s FCA Fines Metro Bank $21 Million for Money Laundering Protection Lapses
November 12, 2024  |  AML

The United Kingdom’s finance regulator fined Metro Bank for failing to monitor money laundering risks. The Financial Conduct Authority said Metro must pay 16.7 million...

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Technology Collaboration Set to ‘Supercharge’ Service-Oriented Approach
Technology Collaboration Set to ‘Supercharge’ Service-Oriented Approach
November 12, 2024  |  Opinion

Collaboration will be key for payment industry players to deliver value in marketing, fraud, risk and operations, Banyan Chief Commercial Officer Mike Minelli writes in...

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Why Banks Might Want to Have a Blockchain Strategy
Why Banks Might Want to Have a Blockchain Strategy
November 11, 2024  |  Blockchain

The definition of crypto has historically oscillated between two poles: buzzword and true innovation. And to hear the industry’s executives tell it, the lack of...

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Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination
Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination
November 11, 2024  |  Opinion

Banks and credit unions face pressure to meet rising consumer expectations for fast, personalized and seamless digital experiences, Amount Chief Product and Technology Officer Kevin...

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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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Navigating the Future of B2B: Collaboration, Innovation and Risk Management
Navigating the Future of B2B: Collaboration, Innovation and Risk Management
November 08, 2024  |  B2B Payments

Teamwork makes the dream work, especially when that dream is better B2B payments. With FinTech innovators increasingly pairing up with secure and reliable financial institutions,...

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Lend, Don’t Break: How Mid-Size Banks Can Overcome Digital Lending Growing Pains
Lend, Don’t Break: How Mid-Size Banks Can Overcome Digital Lending Growing Pains
November 07, 2024  |  Digital-First Banking

Throughout their history, mid-sized banks have served as a lifeline for local businesses across America. These financial institutions (FIs) — including community banks, regional banks,...

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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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