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FintechNews RoundupUSA
·Jan. 20, 2020

Big Banks Look to Transform Asset Management Groups

Asset management divisions within big banks have always been a solid revenue source but recently they have taken on greater...
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FintechNews RoundupUSA
·Nov. 28, 2017

Big Banks Look Towards Veterans for Cybersecurity Talent

USAA, Wells Fargo and U.S. Bank have started to look within the veteran community for skilled workers in the field of cybersecurity; hiring veterans has always been a source of pride for the banks but their specific military experience is seen as a big plus when it comes to cybersecurity; veterans are experienced and highly motivated, being able to find someone with cybersecurity know how can help to transform a banks defenses; the banks have also partnered with educational institutions which have programs geared at helping veterans transition to the workplace. Source.

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FintechNews RoundupUSA
·Feb. 20, 2019

Big Banks Potentially See Blockchain as a Long Term Solution

Citigroup Chief Executive Mike Corbat sat down with the FT in a wide ranging interview that discussed a variety of pressing...
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FintechNews RoundupUSA
·Feb. 14, 2019

Big Banks Providing Funding for CommonBond

CommonBond is receiving $750 million in lending capacity from Barclays, BMO, Citibank, Goldman Sachs and ING; CEO David Klein commented...
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EuropeFintechNews RoundupUSA
·Feb. 13, 2019

Big Banks Say Challengers are Becoming a Serious Threat

A new survey by credit card specialist Fraedom shows that 80 percent of banks believe challengers have impacted their business...
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FintechNews RoundupUSA
·Jan. 7, 2020

Big Banks Start to Invest More in Quantum Computing

Some of the biggest banks have started to invest greater resources in quantum computing as they hope the technology is...
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FintechNews RoundupUSA
·Feb. 1, 2019

Big Banks Still Held in High Regard for Financial Advice

According to a new study released by J.D. Power consumers gave the highest ratings to some of the biggest banks...
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FintechNews RoundupUSA
·Feb. 11, 2019

Big Banks Waive ATM Fees for Public Benefits Employees

Bank of America, JPMorgan Chase and Wells Fargo have agreed to waive ATM fees for Californians who receive public benefits;...
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FintechNews RoundupUSA
·Apr. 3, 2020

Big Card Issuers Should Voluntarily Reduce Interchange Rates

The National Restaurant Association has asked Congress to mandate the reduction of credit card interchange fees during the current crisis;...
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FintechNews RoundupUSA
·Mar. 14, 2019

Big Data in Lending has Ability to Confirm Biases and Extend Credit to Weaker Borrowers

After the financial crisis banks pulled back from lending to anyone they deemed a potential risk; this helped spur many...
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