Bank Innovation

DECEMBER 4, 2019

EQ Bank has moved from on-premise servers to the cloud in an effort to save money and easily share banking data with third-party apps. The bank, which completed the migration in late November, said it’s the first institution in Canada to move completely to the cloud. Dan Dickinson, […].

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Data Customer Experience Retail 243

PYMNTS

JANUARY 12, 2021

Wells River Savings Bank will gain access to the RTP® network built by The Clearing House (TCH) via SHAZAM, Inc. 12) announcement from the Vermont-based financial institution (FI), which noted that Atlantic Community Bankers Bank (ACBB) will offer funding agent functions. according to a Tuesday (Jan.

Vermont 140

Vermont Community Community Bank Customer Experience 140

American Banker

DECEMBER 1, 2023

The Toronto-based company is now forecasting more than $800 million USD in annual cost savings as a result of its Bank of the West acquisition in February. That's up nearly 20% from an earlier projection.

Company 83

Company 83

BankInovation

NOVEMBER 17, 2023

Evans Bank has been working with and expanding the use of software company Laserfiche capabilities for 25 years, resulting in paper, monetary and time savings throughout the bank. billion, Idaho-based bank saves roughly $1 million annually, has reduced its FDIC audit time by 50% from four weeks to […]

Idaho 61

Idaho FDIC Software Company 61

PYMNTS

FEBRUARY 1, 2021

Manhasset, New York-headquartered Apple Bank For Savings will have to pay a $12.5 Apple Bank for Savings was accused of failing to comply with the Bank Secrecy Act, according to the Federal Deposit Insurance Corporation (FDIC) per WSJ. Apple Bank is chartered in New York and has locations across the state.

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Apple FDIC New York Compliance 150

American Banker

FEBRUARY 27, 2024

The Toronto-based company wrung out $800 million USD in cost savings in connection with last year's acquisition of Bank of the West, a bright spot in an otherwise tough quarter across most business segments.

Company 74

Company 74

PYMNTS

MARCH 20, 2019

challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. It will automatically put money into a customer’s savings account based on how the customer spends and how much the algorithm determines that particular person can afford to save.

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Report Cards Technology Marketing 108

TheGuardian

JULY 6, 2023

NatWest, Lloyds, HSBC and Barclays bosses expected to attend FCA meeting and justify disparity between loan and savings rates The chief executives of the UK’s largest high street banks will face the City watchdog on Thursday amid accusations they are “profiteering” as savings rates offered to customers lag well behind soaring borrowing costs.

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Meeting Regulation Groups 66

TheGuardian

JULY 4, 2023

Financial Conduct Authority to meet executives on Thursday as part of its investigation into savings market UK bank bosses have been summoned to a meeting with the financial watchdog this week amid mounting concerns that they are profiting from rising interest rates by offering paltry savings rates to customers.

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Meeting Groups Marketing Regulation 55

Bank Innovation

JUNE 8, 2018

PREMIUM - When was the last time you went to your bank branch to deposit money? That's because most of the daily banking activity has shifted from branches to the smartphone. But that's not to say people don’t use bank branches at all. Still thinking? They do, but not for the same reasons as they […].

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Technology Samsung Operations America 291

TheGuardian

JUNE 8, 2023

MPs question why some savers are receiving only 0.25% despite 12 consecutive Bank of England interest rate rises Business live – latest updates Britain’s biggest banks need to “up their game” and stop fobbing off millions of loyal customers with “measly” savings rates, according to the head of an influential committee of MPs.

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Groups 49

Bank Innovation

SEPTEMBER 13, 2019

In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the following news developments: How digital-only banks are attacking overdraft fees; Why banking startup Varo dropped goals-based saving after two years; and How banks are […].

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Video Innovation Payments Customer Experience 150

TheGuardian

APRIL 20, 2023

FCA says it will consider ‘onerous interventions’ if it concludes ‘loyalty penalty harms’ not being addressed The “harm” caused to millions of loyal customers of high street banks who are earning low interest on their savings is likely to have worsened as interest rates have risen, the UK’s chief financial regulator has warned.

Regulation 61

Regulation 61

Bank Innovation

NOVEMBER 28, 2017

-based PFM mobile app Chip wants to apply for a banking license. Funds from the campaign will be used for the banking license application process. Launched in 2016, Chip uses an AI-powered algorithm to calculate a specific savings amount for […]. And for that it wants to raise £2.4 million ($3.2

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Mobile Online Fintech Payments 150

Perficient

JULY 7, 2021

The reviews, which can take weeks for small banks and months for large banks, assess an institution’s performance in helping to meet the credit needs of communities, including those of low or moderate-income within its assessment area. Large Bank. Guaranty Bank & Trust, National Association. Large Bank.

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National Texas Tennessee CA 309

TheGuardian

JULY 31, 2023

It will ramp up pressure on lenders who have kept easy-access savings rates low , while the cost of mortgages and other loans has soared. Continue reading.

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Retail Marketing Regulation 54

TheGuardian

JULY 3, 2023

Commons Treasury committee writes to four largest banks, saying they risk falling foul of incoming City rules MPs have accused high street banks of failing in their “social duty” to promote saving and instead engaging in “blatant profiteering” by continuing to offer paltry rates.

Groups 62

Groups 62

TheGuardian

JUNE 15, 2023

When people came from the Caribbean last century and were turned away by banks, many relied on communal trust Among the challenges faced by the Windrush generation when they arrived to work in Britain in the 1940s, 50s and 60s was the refusal by many banks and building societies to allow them to open accounts, deposit savings or take out loans.

Community 76

Community 76

American Banker

AUGUST 29, 2023

The Canadian bank initially told investors the acquisition would result in more than $350 million in cost savings. But a recent analysis suggests that number could be even higher.

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Analysis Management 69

The Paypers

JANUARY 16, 2024

UK-based retail bank, Secure Trust Bank Group has launched a new savings app which will be available to new and existing customers.

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Groups Security Retail 36

BankInovation

MARCH 29, 2021

Bank rolled out a new savings tool Friday that uses artificial intelligence (AI) to help its customers decide how much they should be saving. Bank is the first financial institution in the U.S. to offer the product in its mobile banking application. “It’s natural to think […].

Tools 69

Tools Fintech Mobile Technology 69

MyBankTracker

APRIL 27, 2021

This is a sponsored article that was reviewed by the bank advertiser prior to publication. The motivation to reach a savings goal is commendable until you discover that many savings accounts (probably including the one you have currently) aren’t too helpful with achieving that goal as quickly as possible. No monthly fee.

ATM 52

ATM FDIC Mobile Cards 52

Banking Exchange

DECEMBER 1, 2020

As expected, Bangor Savings Bank of Maine completed its merger with Damariscotta Bank and Trust Management Feature M&A Feature3 Community Banking Retail Banking.

Community Bank 88

Community Bank Maine Community Retail 88

BankDeals

APRIL 1, 2021

Tioga-Franklin Savings Bank offers its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Savers accounts in the greater Philadelphia metro area.

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Philadelphia Metro 90

The Paypers

DECEMBER 5, 2023

LHV Bank , a newly UK-licensed bank, has announced that its Personal Savings products are now available on Flagstone, a cash deposit platform in the UK.

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BankInovation

NOVEMBER 18, 2021

Deploying blockchains — a technology used to maintain shared ledgers across a network of computers — could speed transfers, saving banks $10 billion by 2030, according to a recent report from U.K.-based Cross-border payments in their current form tend to be slow, costly and offer limited transparency and traceability.

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blockchain Payments Technology Report 97

BankInovation

FEBRUARY 16, 2021

First State Bank of the Southeast estimates savings of $50,000 per year in employee hours from a new automation in its consumer and commercial lending process. The automation will also reduce loan turnaround time by 20%, according to Chief Credit Officer Penny Sharp, who heads the loan process at the Middlesboro, Ky.,

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Lending 98

BankDeals

AUGUST 12, 2021

Cambridge Savings Bank launched its new digital division, Ivy Bank, last month. Nationally available product line currently includes two savings accounts and three CDs

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National 52

BankDeals

AUGUST 12, 2021

Cambridge Savings Bank launched its new digital division, Ivy Bank, last month. Nationally available product line currently includes two savings accounts and three CDs

National 52

National 52

BankDeals

MAY 18, 2020

As online banks cut their deposit rates, many online banks now have higher interest rates on their savings accounts than their 5-year CD rates.

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Online 119

BankDeals

JULY 10, 2020

Spencer Savings Bank (NJ) E-Money Market Promotion is available to all New Jersey residents. A Platinum Checking is required for the top rate.

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NJ New Jersey Marketing 93

BankDeals

JANUARY 29, 2022

Bask Bank (online division of Texas Capital Bank) is currently offering a top rate on its nationally available Bask Interest Savings Account (no min or max balance).

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Texas National Capital Online 52

MyBankTracker

JANUARY 19, 2021

When you’re saving diligently, it is disheartening to see your money earn next to no interest on the balance. CIT Bank’s Savings Builder account rewards people who put away money every month or are able to leave a large sum of their cash untouched: By offering one of the highest savings rates you can find.

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FDIC Meeting United States Nebraska 52

BankDeals

SEPTEMBER 17, 2021

LendingClub Bank has raised the rate on its nationally available High-Yield Savings account. Minimum opening is $100, with balances of $2.5k+ earning the stated APY.

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National 52

TheGuardian

JULY 18, 2023

Nikhil Rathi tells Treasury committee there are ways to assess whether customers are being treated fairly Business live – latest updates The City regulator has warned it will consider cracking down on banks that appear to be profiteering from, or failing to quickly pass on, savings rates once new regulations come into force at the end of the month.

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Regulation 52