According to a new report by CB Insights the most recent 5 quarters show that big investments in fintech companies from banks has slowed down; banks are instead beginning to develop and update core technology in house; Wells Fargo, Morgan Stanley, JPMorgan Chase and others have all developed and released their own digital investing and advising services; service provides like Diebold are offering the banks a chance to move all infrastructure online so they can focus on customer facing tools; banks are still working through transformation as almost all have now realized if they do not upgrade legacy tech they will be left behind. Source.
Wells Fargo has added a new tool to their mobile app, Pay with Wells Fargo; the feature will be available...
Artificial intelligence (AI) is everywhere these days as more companies look to automate repetitive tasks to save money and reallocate...
More than 24 million mortgage loan documents were exposed online after the vendor OpticsML, who works with banks, had their server...
According to a new study released by J.D. Power consumers gave the highest ratings to some of the biggest banks...
With bank earnings season upon us we have seen a continued growth among mobile users at some of the biggest banks; JPMorgan Chase saw active mobile customers jump 13 percent and Wells Fargo saw total active digital users jump 3 percent; mobile banking has become a priority for all banks as the focus has shifted from just offering mobile to increasing engagement on mobile. Source.
More than $445bn was lost to cyber crime last year, a 30 percent increase from three years earlier; banks have...
PeerIQ released their Q4 2018 Lending Earnings Insights Report which points to a number of themes showing the economy is strong...
Banks and fintech firms are in competition over payments systems and each thinks real-time payments should be run differently; Bank...
Wells Fargo customers are skeptical about the reason why they were unable to access accounts; the bank said there was...