PYMNTS-MonitorEdge-May-2024

financial institutions

Ripple Optimistic About US Banks Adopting XRP
Ripple Optimistic About US Banks Adopting XRP
July 17, 2023  |  Cryptocurrency

Ripple is reportedly optimistic about the prospect of financial institutions being interested in using its On-Demand Liquidity (ODL) product, which utilizes XRP for money transfers, in...

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Bank of America Uses Virtual Reality for Training Over 200,000 Staffers
Bank of America Uses Virtual Reality for Training Over 200,000 Staffers
July 13, 2023  |  Metaverse

Bank of America is using digital tools to prepare employees for real-world situations. The bank is using the latest in artificial intelligence (AI), virtual reality (VR)...

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SEC Charges Merrill Lynch and BACNAH for Failing to File Suspicious Activity Reports
SEC Charges Merrill Lynch and BACNAH for Failing to File Suspicious Activity Reports
July 11, 2023  |  Security & Fraud

The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges,...

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Time to Treat Creators Like Business Owners, Says Visa FinTech Head 
Time to Treat Creators Like Business Owners, Says Visa FinTech Head 
June 22, 2023  |  Social Commerce

If you’re reading this, you might not be able to name a single creator.  But your kid probably can name five, 10, even a dozen...

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Backbase Acquires UK-Based Digital Wealth Platform Nucoro
Backbase Acquires UK-Based Digital Wealth Platform Nucoro
June 15, 2023  |  Consumer Finance

Backbase, a global engagement banking software provider, has made a foray into the digital wealth space with the acquisition of London-based firm Nucoro. The acquisition...

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Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication
Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication
May 26, 2023  |  Security & Fraud

When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade...

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Issuers, Take Note: Consumers Consider Transaction Monitoring Mandatory
Issuers, Take Note: Consumers Consider Transaction Monitoring Mandatory
May 12, 2023  |  Credit Cards

Consumers are leaning on credit monitoring features to manage their finances — and they may switch providers for these tools.  Inflation may be slowing down somewhat,...

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Community Bank Customers Hit Pause on Mass Deposit Withdrawals
Community Bank Customers Hit Pause on Mass Deposit Withdrawals
April 03, 2023  |  Banking

The bank runs are still fresh in our collective consciousness. But for the community banks, the scramble to get deposits out seems to have abated....

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The Insiders’ View on How CUs Can Best Reach Members
The Insiders’ View on How CUs Can Best Reach Members
March 27, 2023  |  Credit Unions

With just one in 10 FIs offering omnichannel account opening, CUs have an opportunity to gain ground in 2023, but they must take a page...

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