#banking

#banking

Fraudsters are increasingly using AI technology to impersonate family and friends, creating realistic scenarios that pressure victims into sending money quickly.

Charlie Javice was found guilty of defrauding JP Morgan by inflating her startup Frank's customer numbers.

A new Android malware platform, SuperCard X, enables NFC relay attacks for fraudulent transactions targeting bank customers in Italy.

London commuters are warned of scams after a Tube user's bank card was cloned.

Charlie Javice was found guilty of defrauding JPMorgan Chase by providing false student data to secure a $175 million acquisition.

U.S. appeals court blocked mass layoffs temporarily, ensuring job security for employees.

Banks in the UK experienced over one month of IT failures in two years, impacting customer access to services.

A significant banking app outage in the UK affected thousands, highlighting reliance on technology and the need for strong branch networks.

Santander is closing 95 branches in the UK, risking 750 jobs due to the rise of digital banking.

Arvest Bank is experiencing a major outage, affecting customer access to online banking.

AI is revolutionizing banking customer service, particularly through chatbots like Fifth Third's Jeanie.

The merger between Mechanics Bank and HomeStreet creates a significant financial institution with vast West Coast presence and new opportunities.

Stablecoins are rapidly gaining traction in traditional finance, demonstrating potential advantages over conventional banking.

Citigroup and Bank of America reported strong Q1 profits due to trading revenue despite trade war fears.

BNPL is transitioning from an alternative to a mainstream lending model within traditional banking systems.

GB Bank has surpassed £2 billion in balance sheet, reflecting significant growth and a focus on supporting UK SMEs.

Banks and fintechs are shifting from rivalry to collaboration, recognizing mutual strengths.

Djamo targets Francophone West Africa to provide banking services for the underbanked, raising $17 million to expand its offerings.

Fintech enhances banking accessibility and customer experience through innovative tools.

Fintechs are influencing banks to enhance client experiences, especially in cross-border payments.

Zelle is discontinuing its standalone app due to minimal usage; most transactions occur through bank integrations.

Easter Monday is not a federal holiday in the U.S., and many institutions will be open while some may remain closed.

Good Friday's status as a state holiday varies by location, impacting the operations of public institutions.

Speaking of accountability, major banks face significant penalties for insider trading practices, reinforcing the need for robust compliance in financial markets.

Capital One's merger with Discover Financial Services has received regulatory approval, advancing towards a significant reshaping of the credit card market.

Embedded finance and Banking-as-a-Service are revolutionizing access to financial services for businesses.

OpenPayd offers a seamless, integrated financial infrastructure tailored to modern business needs.

Nationwide is distributing a £100 bonus to eligible current account customers as part of its 'Fairer Share' scheme.

Senator Chuck Schumer warns against GOP plans to overturn CFPB's overdraft fee rule, potentially costing Americans millions in higher fees.

The Senate voted against a rule limiting bank overdraft fees, potentially increasing fees back to $5.

Santander UK is closing 95 branches and cutting 750 jobs to adapt to changing customer behavior and enhance digital banking.

Santander is closing five branches in south London, part of a larger plan to shut 95 branches nationwide by June 2025.

Santander plans to close 95 branches in the UK, risking 750 jobs, to adapt to changing customer behavior towards banking.

TD Bank to close 37 branches across 10 states and D.C. to streamline operations and adapt to customer habits.

TD Bank is closing branches in response to penalties for lax anti-money laundering practices.

Citi mistakenly credited a client account with $81 trillion instead of $280 million, but no funds were transferred.

The Lloyds Bank branch in Tooting will close on October 8 due to declining in-person transactions as customers transition to mobile banking.