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Tag: banking


Activity, Investment banking

A Key Goldman Sachs Executive Explains the Investment Case in…Goldman Sachs

August 9, 2018

Via: TheStreet

Goldman Sachs (GS) shares may be too cheap to ignore. Shares of the investment bank have fallen 7.7% so far this year, part of a broader bear thesis on the financials that has descended on Wall Street. But to see […]


Channels

Facebook wants your bank data

August 7, 2018

Via: Banking Technology

According to the Wall Street Journal, the tech titan was talking to financial organisations to get information like credit card transactions and account balances. The timing is interesting as Facebook is battling privacy concerns and adjusts its policy regarding user […]


Capital and risk, Operational, Products, Retail banking

Chase Bank chasing mobile market with ATM move

August 3, 2018

Via: Banking Technology

Chase Bank ATMs now allow customers to withdraw cash using their phones’ mobile wallet and NFC capabilities. The bank’s ATM network has around 16,000 terminals throughout the US, but customers can also use ATM vestibules from outside the bank. This […]


Regulations

US regulator opens up national bank charters to fintech

August 1, 2018

Via: Banking Technology

“Over the past 150 years banks and the federal banking system have been the source of tremendous innovation that has improved banking services and made them more accessible to millions. The federal banking system must continue to evolve and embrace […]


Products, Retail banking

Why banks must embrace digital core platforms

July 25, 2018

Via: Finextra

Modernising a bank is not easy and most of the difficulties come down to legacy systems. Banks need to adopt new digital core banking platforms, but what’s blocking adoption are the worries that come with transferring data from a legacy […]


Products, Retail banking

OCBC Bank turns tellers into digital ambassadors

July 23, 2018

Via: Banking Technology

The plan is to install ATMs and digital service kiosks at 35 of its branches by 2020. The bank says its redeployed tellers will become branch digital ambassadors and service executives or perform other advisory roles. To make it clear, […]


Business banking, Products

Square no longer angling for US bank charter

July 6, 2018

Via: Banking Technology

Square has withdrawn its application to open a new depository bank in the US, but says it plans to apply later to the Federal Deposit Insurance Corp (FDIC). As reported in September 2017, Square was applying for an industrial loan […]


Channels

JP Morgan Chase’s mobile app Finn goes nationwide

June 29, 2018

Via: Banking Technology

JP Morgan Chase is now offering its digital bank account for smartphones, Finn by Chase, across the US. As reported in October, JP Morgan launched the app. Designed for millennials, Finn will allow customers to open a bank account, make […]


Activity, Trading

Bank Stocks Slump After Congress Greenlights Dodd-Frank Rollback

May 23, 2018

Via: TheStreet

The leash has been loosened, but banks may not care for it much. The financial sector followed the broader market lower on Wednesday, May 23, a day after Congress passed a plan that aims to roll back post-crisis bank regulations […]


Activity, Investment banking, Trading

Congress May Have Just Set in Motion a Huge Banking Industry Merger Wave

May 23, 2018

Via: TheStreet

It could be time to cash out on some Amazon.com Inc. (AMZN) and plow the winnings into several regional and community bank stocks. In one last step, the House of Representatives voted 258-159 on Tuesday, May 22, in support of […]