Banking News and Analysis | Banking Dive
WEBTDECU fell victim to last year’s MoveIt data breach, but only found out in July. The credit union said the incident is not expected to impact its acquisition of a Louisiana bank. Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
BB&T completes acquisition of SunTrust to form Truist
WEBDec 9, 2019 · Dive Brief: BB&T finalized its $28 billion purchase of SunTrust on Friday, completing a deal which will form Truist, the sixth-largest bank in the nation.. The transition to the new Truist brand could take up to two years, the company said in a statement. Truist will be headquartered in Charlotte, North Carolina, where 2,000 former BB&T and …
Banking Technology News | Banking Dive
WEB4 days ago · Open technology empowers banks to thrive in a dynamic digital world. Today’s banking and financial services industry is characterized by constant, rapid change. By Joe Gomez - General Manager for US Mid-Market Core and Digital, Finastra • Aug. 26, 2024.
Chime customers can deposit funds at Walgreens for free
WEBDec 14, 2021 · Dive Brief: Chime’s new partnership with Walgreens will allow the neobank’s customers to deposit cash for free at the retailer’s more than 8,500 locations, the fintech announced in a blog post Monday.; The San Francisco-based company claims 78% of its estimated 12 million customers live near a Walgreens location.; The latest fintech-retail …
Hawaii’s Central Pacific Bank embraces BaaS to gather mainland …
WEBAug 31, 2022 · Geography will no longer be a limiting factor in Hawaii-based Central Pacific Bank’s ability to gather deposits beyond the state, the Honolulu lender’s executives are saying. The bank made its first foray into banking-as-a-service this year with the spinout of Swell Financial, the digital bank it incubated during the COVID-19 pandemic.
7 personnel moves that spotlight Truist’s reorganization
WEBOct 9, 2023 · 7. Truist’s deposits unit gets a boost. Jon Ambler will lead the deposits team overseeing consumer and small business deposits, according to Wilson’s memo. The unit takes an elevated role in Truist’s consumer and small business banking division, reflecting “the strategic core value of deposits,” Wilson said. purchase licensing rights.
Huntington dives deeper into Texas - Banking Dive
WEBMar 8, 2024 · Huntington Bank will extend its commercial banking presence deeper into the Lone Star State after launching in the Dallas-Forth Worth area early this year. Local banking industry veteran Clint Bryant will lead Texas as its market president. Bryant took the job in January. “We’re one of the biggest and one of the fastest-growing markets in ...
Chase study highlights growing popularity of digital banking
WEBAug 5, 2021 · Mobile banking is a big draw. Last December, Chase carried out another Digital Banking Attitudes Study, which surveyed 1,500 consumers. Among that group, only half labeled Chase’s mobile app a “must have.”. But in 2021, 89% of respondents used mobile apps to deposit money, including 52% of the baby boomers surveyed.
Wells Fargo launches new commercial banking platform
WEBDec 5, 2022 · Wells Fargo on Monday announced the launch of a new commercial banking platform — a revamp the San Francisco-based bank says leverages artificial intelligence and machine learning to help clients personalize their accounts. The platform, called Vantage, replaces the bank’s Commercial Electronic Office Portal, or CEO Portal, which …
Green Dot launches GO2bank to compete with challenger banks
WEBJan 6, 2021 · Green Dot on Wednesday unveiled GO2bank, the prepaid card issuer’s challenger bank aimed at serving the low-and moderate-income (LMI) market. The digital bank, which the company has been building since early last year, offers overdraft protection up to $200, early paycheck access, a high-interest savings account and access to a …