Employees need to understand the ‘why’ behind their target goals
As the new year begins, managers across the industry will be setting new goals for their branch bankers. They’ll find more engagement and success if they clearly articulate the thinking behind the goal setting.
When employees are LOLing money laundering, can tech help?
At TD Bank and some other financial institutions accused of aiding and abetting money laundering, AML and branch employees have colluded and even joked about it in instant messages. Technology is part of the answer to detecting and preventing this.
U.S. Treasury says it was breached by Chinese-backed hacker
The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.
Justice Department alleges Dave’s CEO misled the fintech’s users
The agency’s lawsuit contends that CEO Jason Wilk designed the company’s “tip” feature, and that Dave doesn’t make the cost of tipping clear to consumers.
QR code payments favored to gain adoption in 2025
The account-to-account payment method has become prevalent in countries such as China, India and Brazil, but adoption has been slow in the U.S. and limited to small and medium sized businesses. That paradigm is expected to shift amid continued fintech investment.
How right were bankers’ predictions about 2024?
Bankers expected big changes for community banks, digital assets and regulation. Were they correct?
4 banks that will be in regulators’ hot seat in 2025
These banks are expected to draw regulatory scrutiny in the coming year.
The US is losing the race to develop an alternative payments system
Countries around the world have lots of incentives to build an alternative to the U.S.-centric global payments system using central bank digital currencies. The U.S. must get in the game or see its economic might begin to wane.
Raising capital is painful. Here’s why more banks will likely do it.
Several banks that boosted their capital bases this year saw their stock prices rise, a new analysis finds. The positive reception may drive more such activity.
‘Ideas never die’: M&T’s approach to fintech innovation
The Buffalo bank recently shelved in-house startup GrowGrade and folded another, Nota, back into the mothership.