PYMNTS
NOVEMBER 4, 2020
In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.
PYMNTS
APRIL 28, 2020
And in those cases, Jonathan Parker, an economist at the Massachusetts Institute of Technology, told the Boston Globe , the attempt was pretty successful. According to data from digital bank Current on early stimulus receivers, about 45 percent of the funds have been spent, and food was the preferred spending category.
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PYMNTS
FEBRUARY 18, 2020
Radius is based in Boston and has in the neighborhood of $1.4 The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. billion in assets.
PYMNTS
APRIL 5, 2019
“We have been very encouraged by the initial results of our center redesigns and expansions,” said Aron Levine, head of Consumer Banking and Investments for Bank of America. This work has enabled us to have more in-depth conversations with our clients about their financial plans and priorities.”. and Pittsburgh.
Celent Banking
JANUARY 20, 2017
Ongoing innovation in banking technology is clearly beginning to pay off, and we’ve been privileged to learn an immense amount from all of the financial institutions that took the time to tell us about their how they’ve been using technology and innovation to serve customers better, become more efficient, and mitigate risk.
PYMNTS
JUNE 20, 2018
That’s costly to us,” Athanasia said. “So, So, we expect that to go down, either through a phone or through the ATM in the future, and again, at additional cost savings for us.”. In addition, Athanasia said that the bank has enhanced its mobile app with Zelle.
Celent Banking
FEBRUARY 14, 2017
Banks are keen to migrate low-value branch transactions to self-service channels, and there is perhaps no better low-hanging fruit than check deposits. Unlike most every other retailer on the planet, most banks initially invested in digital banking for transaction migration, not sales. That is changing, but not quickly.
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