Payments Dive

JANUARY 24, 2020

A new report from Deutsche Bank says that mobile payment adoption will surge in the next five years, but cash will remain a critical part of many economies. In the developing world, underbanked consumers are moving straight from cash-based economies to mobile adoption, and skipping over the adoption of plastic credit and debit cards.

Mobile 424

Mobile Report Payments Cards 424

TheGuardian

APRIL 4, 2024

Lending to meat, dairy and feed corporations led to ‘significant proportion’ of banks’ emissions, Friends of the Earth found American banks are “sabotaging” their own climate commitments by financing meat, dairy and feed corporations, according to a report.

US 106

US Report Lending Company 106

BankInovation

APRIL 19, 2024

Huntington Bancshares joined mega-banks in growing digital adoption during the first quarter, citing increases in digital and mobile usership and in digital logins. During the quarter, Bank of America, Citizens Financial Group, JPMorgan Chase and Wells Fargo all reported digital usership growth.

Report 66

Report America Mobile Groups 66

American Banker

MARCH 27, 2024

The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.

Risk Management 78

Risk Management Report Management Fraud 78

Payments Dive

JANUARY 24, 2023

The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.

Operations 370

Operations Report Apple 370

PYMNTS

SEPTEMBER 30, 2020

As returns from cash management offers are forecasted to drop 12 percent, trade finance revenues for banks are poised to fall by 8 percent in 2020. But a somewhat fast bounce-back for transaction banking revenues is forecasted to take place next year, the Global Trade Review (GTR) reported, citing a Greenwich Associates report.

Report 239

Report Capital Industry Data 239

American Banker

DECEMBER 6, 2023

A report by the Roosevelt Institute argues that risks posed by imitation banks, online shadow banks mimicking traditional institutions can only be fully mitigated by an act of Congress.

Report 87

Report Online Policies Compliance 87

PYMNTS

NOVEMBER 12, 2020

Yes, says Luke Templeman, a thematic strategist at Deutsche Bank in Konzept , the bank’s recently issued research report. Before the pandemic, the number of work-from-homers shot up 173 percent in the United States between 2005 and 2018, the report notes. A tax for working at home? While the total number — 5.4

Taxes 207

Taxes Report United States Trends 207

The Paypers

APRIL 15, 2024

Technology services company Endava has released its Retail Banking Report, finding that three quarters of banks admit they need to modernise their core.

Retail 45

Retail Report Technology Company 45

The Paypers

MARCH 1, 2024

US-based Datos , supported by payments systems provider Finzly , has published a report that analyses the readiness of banks for the FedWire migration to the ISO 20022 standards.

Meeting 67

Meeting Report US System 67

PYMNTS

SEPTEMBER 4, 2020

Deutsche Bank AG is out. Bloomberg News reported the Frankfurt, Germany-based global investment bank and financial services company is no longer interested in buying Wirecard AG’s banking unit because it is too expensive, according to a source. A Deutsche Bank spokesman declined to comment. billion euros ($2.1

Report 186

Report United States Cards Operations 186

PYMNTS

MARCH 26, 2020

The Fed said in a press release that banks with under $5 billion in assets could have the extra time “in light of staffing priorities and disruptions” by the ongoing coronavirus health crisis. The regulatory reports will be accepted “as long as the applicable report is submitted within 30 days of the official filing due date.”.

Report 159

Report Capital Analysis Management 159

PYMNTS

FEBRUARY 26, 2020

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. The core strategy is not the problem.

Metro 187

Metro Report Lending Regulation 187

PYMNTS

MARCH 30, 2020

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Report 166

Report US FDIC National 166

PYMNTS

DECEMBER 21, 2020

with money laundering, fraudulent banking and computer fraud, Reuters reported. “It cryptocurrency exchange Exmo reported a “major” security breach on Mon. In other news, Russia’s VTB Bank has teamed with blockchain platform Masterchain to issue digital bank guarantees backed by blockchain, the bank announced in a press release.

blockchain 206

blockchain Bitcoin Fraud Report 206

Bank Innovation

APRIL 5, 2019

commercial banks are increasingly looking to fintechs to improve customer experience. In fact, a new Fraedom report shows that 73% of U.S. commercial banks are considering new fintech partnerships for improving either customer experience or security, and in some cases -- both.

Customer Experience 199

Customer Experience Fintech Report Retail 199

BankInovation

DECEMBER 29, 2020

Fintech thought leaders will be offering their predictions for the year to come — in fact, David Gyori, chief executive of Banking Reports, offers 21. Bank Innovation examined Gyori’s 21 predictions and highlighted the […]. The post Banking Reports CEO makes 2021 predictions first appeared on Bank Innovation.

Report 98

Report Training Innovation Fintech 98

CFPB Monitor

FEBRUARY 20, 2024

In a new data spotlight issued last week , the Consumer Financial Protection Bureau (“CFPB”) found that interest rates charged on credit cards issued by large banks are higher than interest rates charged on credit cards issued by smaller banks and credit unions.

Cards 78

Cards Report Data 78

PYMNTS

MAY 22, 2020

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

Report 161

Report Exercises United States National 161

Payments Dive

NOVEMBER 28, 2022

Under measures being discussed, banks would share liability inside Zelle’s system and guarantee to reimburse one another, sources told The Wall Street Journal.

Report 195

Report System 195

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems. Around The Data Protection World.

Mobile 229

Mobile Report America Regulation 229

ABA Community Banking

AUGUST 4, 2021

As kids head back to school, banks across the United States will deploy their resources, reach and expertise to provide the next generation, particularly those in underserved communities, with the financial education they need.

Report 122

Report Cards United States Resources 122

The Paypers

MARCH 21, 2023

The Australian Prudential Regulation Authority has reportedly asked banks to report on transactions involving crypto assets and to provide updates.

Report 83

Report Regulation 83

Bank Innovation

MARCH 29, 2019

Challenger banks are posing a real threat to traditional banks. According to a new Citibank report, the incumbent banks face up to a 30% revenue hit thanks to competition from digital-first banks as well as big tech players like Google, Amazon and Apple, which are slowly making their way into […].

Report 210

Report Apple Google Operations 210

Bank Innovation

FEBRUARY 19, 2020

In Silicon Valley, entrepreneurs and venture capitalists are making big bets that the future of banking is digital, doesn’t have fees, offers a high savings rate—and might not technically be a bank at all.

Report 312

Report Financial Technology Cards Technology 312

Bank Innovation

MARCH 27, 2019

Many banks agree that a hybrid cloud infrastructure can facilitate innovation and digitalization. In addition to security and compliance concerns, a lack of expertise can be a major roadblock when pursuing a transformation, according to one report. But achieving this can prove challenging.

Innovation 170

Innovation Report Compliance Software 170

PYMNTS

SEPTEMBER 12, 2018

Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. So how can banks offer customers both a secure and simplified experience while offering their services online?

Security 139

Security Report CA Fraud 139

ABA Community Banking

APRIL 19, 2022

In a data snapshot, the CFPB highlighted some of the unique challenges facing rural Americans, including an increased reliance on physical bank branches, given the limited access to high-speed internet and online banking options in many of these communities.

Community Bank 111

Community Bank Community Report Online 111

TheGuardian

APRIL 25, 2023

Bank now faces tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities First Republic Bank’s shares closed down 50% on Tuesday, a day after the mid-sized US bank announced a dramatic slump in deposits. Reuters contributed to this story Continue reading.

San Francisco 101

San Francisco Report US 101

PYMNTS

JANUARY 18, 2019

Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according to reports. The issue appeared to be with Lloyds, but all banks issued identical statements. We are working to resolve the issue as quickly as possible.

Groups 139

Groups Report Payments ATM 139

Payments Source

SEPTEMBER 22, 2020

The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports.

Cards 151

Cards Report Management Fintech 151

American Banker

APRIL 17, 2024

The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.

Rhode Island 77

Rhode Island Report Management Company 77

Abrigo

OCTOBER 27, 2014

With the fourth quarter of 2014 well underway, both banks and credit unions are in the midst of reporting their results from the previous three months. As American Banker reported last week, nearly a dozen regional banks saw scattered growth in their loan portfolios as part of the Q3 filings. banks reached $7.4

Lending 247

Lending Report Trends Community 247

PYMNTS

NOVEMBER 16, 2018

Investigators have reportedly contacted Bank of America Corp. and Deutsche Bank AG regarding transactions involving a Danske Bank branch in Estonia at the heart of a money laundering investigation. has also reportedly been asked questions by investigators from the Justice Department, Bloomberg reported Friday (November 16).

Report 116

Report America 116

TheGuardian

FEBRUARY 17, 2023

pay packet in 2022, becoming the bank’s second-highest-paid boss after the controversial ex-banker Fred Goodwin, after the lender reported its largest profit since before the 2008 financial crisis. The bailed out bank – which is still 44% owned by the taxpayer – revealed on Friday that Rose’s pay had soared by 46% from £3.6m

Report 118

Report Groups 118

CB Insights

MARCH 20, 2023

What is digital banking transformation? Digital banking transformation companies include omnichannel retail banking suites and multiproduct offerings that assist banks with digital transformations, from online opening and onboarding to customers’ mobile app experiences. Want the full expert post?

Digital Banking 64

Digital Banking Trends Report Marketing 64