Category: Operational

Capital and risk, Operational

JPMorgan rolls out low-fee, checkless, no-overdraft accounts

March 18, 2019


Responding to calls for more bank services for low-income consumers, JPMorgan Chase on Monday began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and no minimum balance. The accounts come with debit […]

Capital and risk, Operational

Commerzbank completes securities transaction test on blockchain

February 22, 2019

Via: Banking Technology

The transaction had a volume of €100,000 and a term of three days. Continental was the issuer of the money market security, a euro-denominated electronic commercial paper, according to legal requirements stipulated in the Luxembourg law. The bank provided R3’s […]

Capital and risk, Operational

Seven Bank ATMs go biometric for account opening

January 8, 2019

Via: Banking Technology

Japan’s Seven Bank will equip its ATMs with face recognition capabilities to let users open bank accounts on the spot. According to Japan Today and sources close to the matter, the tech could be coming in the autumn. Although the […]

Capital and risk, Operational

Deutsche Bank Offices Are Searched in Money Laundering Investigation

November 29, 2018

Via: The New York Times

One hundred seventy officers searched the headquarters of Deutsche Bank in Frankfurt and five other sites in the area early Thursday as part of a money-laundering investigation involving hundreds of millions of euros, prosecutors in Frankfurt said. Two employees, who […]

Capital and risk, Operational

American Express breaks into China’s payments market

November 9, 2018

Via: Banking Technology

According to CNN, the Chinese central bank has given Amex preliminary approval to handle payments in yuan today (9 November). The firm can now start setting up the payments network through a joint venture with LianLian Group, its Chinese partner. […]

Capital and risk, Channels, Operational

Refinitiv expands cloud delivery of financial data via AWS

October 17, 2018

Via: Finextra headlines

Refinitiv, formerly the Financial and Risk business of Thomson Reuters, announced today that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded to meet high demand from clients across the globe. To ensure continued excellence and […]

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 […]

Capital and risk, Operational

Effective Cybersecurity Demands Involvement From Everyone at Your Bank

July 10, 2018

Via: Bank Director

Cybersecurity is one of the most discussed risks facing financial services companies today, but many organizations are taking too narrow an approach to combating cybercrime. These organizations make the mistake of placing responsibility for defending against the risks solely on […]

Capital and risk, Operational, Products, Retail banking

Merchants, retail banks and billing orgs favour real-time payments and open banking

June 20, 2018

Via: Finextra

Comprised of responses from executives across the merchant, digital goods, hospitality, telecom and travel sectors, the benchmark also revealed that 51 percent of all merchants, billing organizations and retail banks will increase their IT budgets for payments-related projects in 2018. […]

Capital and risk, Operational

Realign Your Bank’s Operating Model Before It’s Too Late

June 19, 2018

Via: Bank Director

The banking industry and its underlying operating model is facing pressure from multiple angles. The advent of new technologies including blockchain and artificial intelligence have started and will continue to impact the business models of banks. Meanwhile, new market entrants […]