Money Market Rates Are Lower, Yes. But Compared to What?

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Money Market Rates Are Lower, Yes. But Compared to What? Money Market Rates Are Lower, Yes. But Compared to What?

Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash,..
Nvidia using AI to make AI chips Nvidia using AI to make AI chips

Chip making giant Nvidia is using AI software to make AI hardware.  AI can help designers make..
Fintech EarnIn sued by DC attorney general over 300% rates Fintech EarnIn sued by DC attorney general over 300% rates

Financial-technology firm Activehours Inc., which does business as EarnIn, lures customers in with..
Transactions: Finastra’s Q3 wins, tech deals Transactions: Finastra’s Q3 wins, tech deals

U.K.-based fintech Finastra saw growth in digital service and the number of bank partners in the..
Financial institutions gear up for a credit boom with AI Financial institutions gear up for a credit boom with AI

Financial institutions are bolstering their credit offerings to capitalize on lower interest rates..
Powell Says He Will Not Resign if Trump Asks Powell Says He Will Not Resign if Trump Asks

President-elect Donald J. Trump appointed Jerome H. Powell, the chairman of the Federal Reserve, in ..
BofA says U.S. may take action over money laundering, Zelle BofA says U.S. may take action over money laundering, Zelle

Bank of America Corp. said US regulators may take action against the firm over its efforts to..
PNC dashboard puts data sharing in customers’ hands PNC dashboard puts data sharing in customers’ hands

PNC is developing a decisioning dashboard that will give customers control over where their..
Gen AI boosts analysis of unstructured data Gen AI boosts analysis of unstructured data

Generative AI allows banks to analyze unstructured data, which makes up about 80% of all data..
IBM gen AI business reaches $3B in Q3 IBM gen AI business reaches $3B in Q3

IBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion ..
CFPB open banking rule to force innovation CFPB open banking rule to force innovation

Experts are assessing the effects of the Personal Data Right rule on consumers, competition and..
Truist clients need online and in-person support after storms Truist clients need online and in-person support after storms

Truist was reminded of the importance of investing in both digital and in-branch offerings..
China’s Stock Markets Rebound on Promises to Help Businesses China’s Stock Markets Rebound on Promises to Help Businesses

Assurances from government officials on plans to strengthen the private sector offset a lack of..
JPMorgan Chase warns of inflated AI tech valuations JPMorgan Chase warns of inflated AI tech valuations

JPMorgan Chase expects AI and other new tech to increase employee productivity but remains wary of..
TD will plead guilty to money-laundering charges in NJ court TD will plead guilty to money-laundering charges in NJ court

Toronto-Dominion Bank will plead guilty to money-laundering charges, a US Department of Justice..
The Trump-Harris Election Is Creating Anxiety on Wall Street The Trump-Harris Election Is Creating Anxiety on Wall Street

Among deal makers with fortunes at stake, the consequences of a Harris or a Trump win are..
Bank of America takes measured approach to product launches Bank of America takes measured approach to product launches

Bank of America depends on client feedback when approaching innovation.  “We’re always gathering..
As Hurricanes Persist, Soaring Insurance Costs Hit Commercial Real Estate As Hurricanes Persist, Soaring Insurance Costs Hit Commercial Real Estate

Struggling landlords and developers are seeking leeway on coverage from their lenders — mostly in..
Bank of America launches financial solution for kids Bank of America launches financial solution for kids

Bank of America has created a digital solution for parents looking to teach financial..
Our Housing Crisis Has Its Roots in the Financial Crisis Our Housing Crisis Has Its Roots in the Financial Crisis

Well-meaning regulations and reforms intended to prevent another financial crisis has pushed..
Podcast: Esquire Bank to launch lending platform in 2025 Podcast: Esquire Bank to launch lending platform in 2025

Esquire Bank considers client needs when determining where to invest in products and innovation. ..
‘One-size-fits-all’ not the best AI strategy ‘One-size-fits-all’ not the best AI strategy

Customer demographics play a role in AI-driven chatbot adoption at financial institutions.  “Having ..
Citizens invests in gen AI training Citizens invests in gen AI training

Citizens Bank is training employees on generative AI, engineering, cloud application and..
Big tech pulls back on in-house financial services innovation Big tech pulls back on in-house financial services innovation

Tech giants are bailing out on in-house financial services innovation as they look to embed their..
Stocks Rally a Day After Fed’s Big Interest Rate Cut Stocks Rally a Day After Fed’s Big Interest Rate Cut

The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve..
Open banking safer than screen scraping, experts say Open banking safer than screen scraping, experts say

Open banking regulation should promote secure data sharing while eliminating the need for screen..
Citizens hires 750 engineers to boost in-house tech offerings Citizens hires 750 engineers to boost in-house tech offerings

Citizens Bank has hired 750 engineers over the past four years to boost its in-house technology..
Webinar on future of open banking to feature Finavator’s Beyo Webinar on future of open banking to feature Finavator’s Beyo

Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank ..
Fintech funding: AI accounts for 30% of $24B Q2 investment Fintech funding: AI accounts for 30% of $24B Q2 investment

While fintech funding has slowed in recent quarters, companies that focus on AI are attracting..
¿Por qué la economía china está en crisis? ¿Por qué la economía china está en crisis?

Los consumidores se han vuelto más frugales, las empresas han recortado salarios y contrataciones,..
Chase check fraud not ‘a glitch,’ expert says Chase check fraud not ‘a glitch,’ expert says

Chase customers claimed to have identified a glitch in Chase ATMs during Labor Day weekend,..
America Must Free Itself from the Tyranny of the Penny America Must Free Itself from the Tyranny of the Penny

Few things symbolize our national dysfunction as much as this accursed coin, which we mint by the..
How to Pay Off Credit Card Debt and Deal With Rising Bank Fees How to Pay Off Credit Card Debt and Deal With Rising Bank Fees

More borrowers have been falling behind on their credit card bills and are paying more for basic..
Larger FIs may need more time to implement open banking Larger FIs may need more time to implement open banking

Open banking regulation is quickly approaching but financial institutions are asking the Consumer..
Wells Fargo updates virtual assistant to monitor spending Wells Fargo updates virtual assistant to monitor spending

Since the start of the year, Wells Fargo has added new capabilities to its AI-driven virtual..
Monzo moves clients to backup after outage Monzo moves clients to backup after outage

British challenger bank Monzo reported an outage today that halted some card payments and outbound..
TD Bank sees future opportunity for Tap to Pay TD Bank sees future opportunity for Tap to Pay

TD Bank largely innovates based on customer feedback and lately it has discovered an opportunity..
Fed Will Scour Jobs Report for Signs of Weakness Fed Will Scour Jobs Report for Signs of Weakness

Central bankers are preparing to cut interest rates, and are warily monitoring job data as they..
Barclays boosts cloud strategy Barclays boosts cloud strategy

Barclays focused on the simplification of its operations and organization during the first half of..
What to Watch as the Fed Meets on Wednesday What to Watch as the Fed Meets on Wednesday

The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later..
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