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Apple has a new method for integrating health records with its Wallet app, helping retailers check vaccination status before accepting payment. Here's why that could be concerning for credit card issuers.
September 24 -
The bank wanted to diversify its risk and use different cloud-computing services for routine and unpredictable workloads, explains Saul Van Beurden, the head of technology at Wells.
September 24 -
A new study from Moody’s found a small correlation between greater gender diversity and higher credit ratings. But researchers at the ratings firm warned that their efforts were hampered by a lack of consistent data.
September 24 -
Companies like Ally are mimicking the approach of fintechs by curbing overdraft charges and instituting other changes. It is a sign that startups’ efforts to improve customer experience were successful and that competition in digital-first banking will intensify.
September 24Flourish -
The country has long expressed displeasure with cryptocurrencies because of their ties to fraud and money laundering, and the excessive energy usage needed to produce them.
September 24 -
The Boston company is set to become the nation’s largest custody bank after paying a premium for a Brown Brothers Harriman unit. Executives and analysts say Brown Brothers may have been the last chance for any of the country's major custodians to achieve meaningful growth through M&A.
September 24 -
Billions in funds earmarked for credit unions under the Treasury’s Emergency Capital Investment Program and other federal programs couldn’t be used to meet risk-based capital requirements without the proposed change.
September 23 -
Saule Omarova supports allowing the Federal Reserve to hold customer deposits and is skeptical of big-bank M&A. While those views are unpopular in the industry, banking critics hailed the choice to lead the Office of the Comptroller of the Currency.
September 23 -
With an estimated $28.6 million in excess funding for 2021, the regulator chose to direct a portion of that sum to hiring and cyber protections.
September 23 -
The midsize regional has long wanted to be a player in VC banking. Its deal for the U.S. arm of Israel's Bank Leumi would give Valley global scale in this lucrative line of business.
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