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EU claims Apple Pay restrictions and closed iOS ecosystem harm competition
May 02,2022
Apple is faced with the possibility of another fine after anti-trust regulators from the European Commission accused the company of excluding competitors from using its iOS mobile wallet technology. The European Commission said on Monday that it has ...
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BetaBank, a new Cloud-based banking option, seeks to provide better terms to underserved business owners
Apr 28,2022
Beta Financial Services, Inc. announced Thursday that it had submitted an application to the Federal Deposit Insurance Corporation (FDIC) to create BetaBank. BetaBank is a black-owned, fully digital banking option for small-to-medium sized businesses...
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Bank of America reports higher Q1 income, prioritizes patents and financial centers
Apr 19,2022
Bank of America announced Monday its first quarter results, ending March 31, 2022. Along with the earnings report, Bank of America CEO Brian Moynihan and CFO Alastair Borthwick shed some light on where the company is going as the year progresses. The...
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Wells Fargo reveals lower revenue for Q1, outlines strategy for 2022
Apr 14,2022
Wells Fargo announced Thursday its 2022 first quarter earnings report ending on March 31, 2022. Despite showing lower income compared to Q1 of last year, the company remains optimistic as the year progresses. According to Wells Fargo CEO Charlie Scha...
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Brazil on track to roll out digital currency in 2022
Apr 14,2022
Brasil is set to implement the digital version of its currency later this year, according to the president of the country's Central Bank, Roberto Campos Neto. At an industry event on Monday (11), Campos Neto said the Real Digital project, which will ...
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Singapore, Australia look to bolster fintech partnership
Apr 13,2022
Singapore and Australia are looking to further drive their collaboration in fintech and support each other's local ecosystem. The two partners will establish a framework to "deepen" bilateral cooperation and for joint innovation projects.  The n...
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Banks aren't adequately supporting customers through financial hardship: J.D. Power study
Apr 12,2022
J.D. Power released its annual Retail Banking Satisfaction survey last week, revealing that banks are lacking in their support of customers during financial hardships. According to the study, only 44% of banks are supporting customers during financia...
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Artificial intelligence and cybersecurity among top priorities for Brazilian banks
Apr 11,2022
Artificial intelligence (AI) and cybersecurity are among the top priorities when it comes to the technology strategy of banking institutions in Brazil, a new study has found. Artificial Intelligence 8 ways to reduce ChatGPT hallucinations AI is t...
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Wells Fargo issues the Innovation Challenge, seeking to work with creators to solve problems via advancing technologies
Apr 07,2022
Source: Wells Fargo Wells Fargo announced Thursday the creation of a new program called the Multi-X Future. The company is asking creators and innovators to come together for the Innovation Challenge in order to solve issues consumers and...
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Can digital dollars be as anonymous as cash? It's time to find out, say lawmakers
Mar 29,2022
A US House of Representatives bill is proposing a trial of digital dollars that would replicate the privacy and anonymity of physical currency such as coins and notes. If passed, the 'Electronic Currency And Secure Hardware Act'' (ECASH Act)' would "...
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ASX expects more delays to blockchain-based CHESS replacement go-live date
Mar 27,2022
The Australian Securities Exchange (ASX) has been building the world's first industrial-scale blockchain use case -- a new post-trade solution to replace its legacy Clearing House Electronic Subregister System (CHESS) platform, which has been running...
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American Express focuses on customer experience with new checking account and app redesign
Mar 25,2022
Source: American Express American Express is evolving their app experience for consumers. To facilitate the use of its new high-yield checking account, the company is looking to provide a seamless, intuitive experience that melds its bank...
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