Banks look to immediate payments to drive revenue

August 2, 2017

Category: Channels

Immediate payments is a key revenue driver for 66% of banks in markets with IP schemes, according to new benchmark data from processor ACI Worldwide and UK consultancy and Banking Technology’s sister company Ovum. Paybefore, Banking Technology’s sister publication, writes that the benchmark report, “2017 Global Payments […]

Wells Fargo Nears $142 Million Consumer Settlement Over Fake Accounts

July 11, 2017

Category: Regulations

A California judge has granted a preliminary approval for Wells Fargo & Co.’s agreement to pay $142 million, and perhaps more, to customers whose credit scores were harmed by its employees creating fake accounts in their names, the bank said […]

Big Banks Clear First Phase of Federal Reserve Stress Tests

June 26, 2017

Once universally dreaded by banks, the Federal Reserve’s annual stress tests are becoming less stressful. The nation’s largest banks breezed through the first phase of their annual tests on Thursday, demonstrating that they have enough capital to withstand the type […]


Wells Fargo Seeks Partnerships to Give Mobile Users Better Experience

August 15, 2017

Via: Bank Innovation

Wells Fargo has been going through a rough patch lately, but the bank itself is focused on moving forward. This is especially true when it comes to digital banking. The San Francisco-based bank is looking at partnerships as a way of […]

Activity, Investment banking

Where top US banks are investing in fintech – CB Insights

August 14, 2017

Via: Banking Technology

Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. The research company says that while investment activity dropped on a quarterly basis in […]

Capital and risk, Operational

4 strategies to innovate without betting bank

August 14, 2017

Via: Banking Exchange

Most banks recognize that innovation, particularly technological advances and the new business strategies they enable, is critical to their ongoing success. The challenge is how to build a risk-tolerant culture that encourages and even enables innovation without compromising the necessary […]