Strong growth in digital banking during the pandemic didn’t come with seminars in financial literacy. It should have, as younger demographics are found to be less fluent in personal finance than older cohorts, and a little education goes a long way in improving this situation....
In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground, Connie Davis, senior vice president at FIS, told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks —...
Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We are in the middle of an unprecedented disruption in the banking and payments industries,” PayFi Head...
A proposal under the U.K.’s Labour Party would turn some post offices into bank branches, with policymakers pointing to the need to broaden access to financial services for small businesses. The BBC reported on Sunday (March 31) that Shadow Chancellor John McDonnell introduced the proposal...
April 10, 2024
At this point in artificial intelligence’s (AI) relatively brief life, we’ve heard a lot of different angles to the banking story. It has been called a job killer and a job creator. It has established itself as an excellent fraud detection application but needs human intervention to keep it on track. It even got an […]
July 27, 2022
Strong growth in digital banking during the pandemic didn’t come with seminars in financial literacy. It should have, as younger demographics are found to be less fluent in personal finance...
March 26, 2020
In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground, Connie Davis, senior vice president at FIS, told...
July 11, 2018
On a surface level, community banking and artificial intelligence (AI) can seem like something of a mismatch in concept. Community banking is all about relationship-lending — forging personal and lasting...
June 04, 2019
Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We are in the middle of an unprecedented disruption in the banking and payments industries,” PayFi Head of Growth Peter Gordon said. “The recent announcement of Avidia […]
September 06, 2018
U.S. Bank announced that John Elmore, vice chairman of Community Banking & Branch Delivery, will retire, which has led to a major reorganization at the financial institution. Elmore, a 38-year...
February 16, 2018
Bank of America Merrill Lynch’s Community Development Banking (CDB) announced news on Thursday (Feb. 15) that 2017 was a record year for the firm. The CDB provided $4.53 billion in...
November 23, 2016
The Trump effect on big banks — particularly their stock prices — has gotten an awful lot of play in the last week or two. But more quietly, America’s small banks and...
