Barclays Chief Executive Officer Jes Staley believes that having large headquarters for bankers might be a thing of the past;...
The Senate passed a banking bill meant to roll back some of the financial regulations imposed after the crisis, but its fate is uncertain in the House; Republicans in the House want a further rollback of regulations; the bill is intended to help smaller banks avoid burdensome federal oversight and raises the definition of systemically important to $250bn from $50bn; the bill also makes adjustments to parts of the Volcker Rule and eases mortgage rules for smaller lenders. Source.
Federal banking regulators issued a cloud security reminder as most banks have shifted their employees to work from home mode;...
It was a big year for bank/fintech M&A as many of the large financial firms that had been sitting on...
The student focused digital bank, BankMobile, has created an online magazine entitled Paradigm Money; the effort is an attempt by the bank to build brand awareness and help current customers manage their money; the site has news, opinion, interviews and advice for customers; Ash Exantus, BankMobile’s director of financial education, tells TearSheet “We wanted to create a site that was independent from the bank that’s not promoting our products or services, but as a place other people can go for financial news and financial literacy.” Source.
Digital bank BankMobile has partnered with LendKey to launch a new student loan refinancing program; LendKey is a lending-as-a-service platform...
Writing a piece for Crowdfund Insider BankMobile’s Co-Founder, President and Chief Strategy Officer Luvleen Sidhu talks through the current banking makeover; new technologies like artificial intelligence and blockchain are becoming more prevalent; competition in the digital banking space is beginning to increase as banks look to close branches and move more focus online; banks are currently upgrading their cybersecurity defenses in the wake of the recent Equifax breach; these changes and more are happening now as banks better understand their customers and look to become more efficient. Source.
One of the trickiest circumstances for banks and credit unions during the pandemic was how to get high speed internet...
Trade groups that work on behalf of banks and credit unions warned the Office of the Comptroller of the Currency...
Banks and fintech firms are in competition over payments systems and each thinks real-time payments should be run differently; Bank...