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Tag: Banking

AI Represents Major Risk to Banking Cybersecurity
Artificial intelligence (AI) may be the banking industry's Achilles heel, making it more vulnerable to Russian cyberattacks....
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Fiserve CEO: From Large To Small There’s a Comeback In Payments
It's a great space a great and a great opportunity says Fiserv CEO Frank Bisignano. The opportunity to build things and grow is always a lot of fun. F...
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Affirm’s Debit Card Is The Anti-Credit Card, Says CEO
Max Levchin, CEO of Affirm, describes the company's debit card as the anti-credit card. the idea of credit cards fundamentally is to get you to spend,...
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Jeremy Allaire: Breaking News From US Treasury – Banks Can Use Public Blockchains
The U.S. Department of Treasury is now going to allow banks to treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoin...
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Samsung Joining Tech Giants In Offering Debit Card
Samsung is the latest tech giant to announce plans to offer its own branded debit card....
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We’re Offering Technology-Driven Virtual Banking, Says WeLab CEO
“We got our virtual banking license in April,” says WeLab CEO Simon Loong. “These are very exciting times. Traditional banks have their own way ...
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Mark Cuban: Some Banks Actively Not Taking PPP Loan Applications
There are some banks who are actively trying not to take applications and to minimize the number of loans they make through the program says investor ...
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Amazon and Goldman Sachs May Soon Partner For Lending Services
According to Quartz, and originally reported on by the Financial Times, Amazon and Goldman Sachs may soon team up “to offer small business loans in ...
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Bank of America CEO: Our Efficiency Is Driven By Technology
“It's absolutely a fair statement that we are actually a technology company that is really fabulous at banking,” says Bank of America CEO Brian Mo...
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Amazon Reportedly Wants to Venture into Banking
In its bid to strengthen its relationship with its millions of existing customers, eCommerce giant Amazon is carefully considering a foray into the hi...
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You Can Now Do Banking With Amazon Echo Devices
Amazon announced that Capital One will be the first company to provide customers with the ability to interact with their financial information through...
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Online Banking: Tips To Make Life Easier
Online banking is a convenient option that most banks offer their customers. Online banking allows you to check your balance and pay bills online. If ...
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Credit Suisse Pleads Guilty to U.S. Tax Evasion
Swiss banking firm Credit Suisse this week pleaded guilty to U.S. tax evasion charges. According to the U.S. Department of Justice, Credit Suisse is t...
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Swiss Banker Found Guilty of IRS Fraud
The Swiss banking system, and Swiss bankers in particular, were portrayed in the 2013 Oscar-nominated Scorsese movie The Wolf of Wall Street as outrig...
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U.S. Marijuana Policy Needs Overhaul To “Cash Only” Sales
With the Colorado recreational pot explosion slowly gaining the nation’s acceptance, and in the process, proving to the world that recreational ...
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T-Mobile to Offer Pseudo-Checking Accounts to Customers
T-Mobile certainly does not lack in creativity. Though the mobile provider’s new initiative to pay off early termination fees for customers who ...
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JPMorgan Scraps Twitter Q&A Over Fiscal Furor
It was a brief idea that lasted all of nine glorious hours: the vice-chairman of US corporate banking giant JPMorgan, Jimmy Lee, announced he would be...
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JPMorgan Refunds $389 Million to Customers for Ill-Suited Credit Card Practices
JPMorgan Chase & Co. have had coarse week that has cost them well over $1 billion in fines and refunds. Only hours following the announcement of a...
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Bank of America to Cut 16,000 Jobs by Year’s End
Bank of America will be speeding up its cost-cutting measures and will lay off 16,000 employees by the end of the year. The Wall Street Journal has ob...
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Oracle Acquires SelectMinds, Launches Retail Mobile PoS, Banking Platform
Oracle announced that it is acquiring cloud-based talent sourcing app maker SelectMinds. The company’s apps provide tools for businesses in recr...
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