News
ICX Summit postponed till June 2021
September 2, 2020
The Interactive Customer Experience Summit has been postponed until June 2, 2021 due to travel restrictions related to COVID-19. The rescheduled event will…
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First US install of CIMA CashUp software deployed at federal credit union
September 1, 2020
Vita Lansworth, an entity of Vita Lansworth Enterprise Solutions, is the U.S. Distributor for CIMA Teller Cash Recyclers and has announced that 1166 Federal…
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Woodforest National Bank celebrates 40 years with branch openings
September 1, 2020
Alabama-based Woodforest National Bank has opened two branches, one located in Foley, Alabama, and the other in Birmingham. Both branches will offer a range of…
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Consumer Bureau examines pandemic impact on credit
September 1, 2020
The Consumer Financial Protection Bureau has issued a report examining the early effects of the COVID-19 pandemic on consumer credit.
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North Korea denies ATM hacking scheme
August 31, 2020
North Korean authorities are publicly denying the U.S. government's claim the country is involved in a financial cybercrime campaign targeting international…
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Banks plan layoffs as costs emerge and crisis ends
August 31, 2020
During the peak of the pandemic, several top executives at U.S. banks, including Morgan Stanley and Bank of America, pledged not to cut jobs in 2020 because, …
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Midland States Bancorp sells commercial FHA platform, retains servicing business
August 31, 2020
Midland States Bancorp, Inc. has completed the sale of its commercial FHA origination platform to Dwight Capital, a New York-based mortgage banking firm.
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Black-led bank merge creates $1B institution
August 28, 2020
Black-led City First Bank and Broadway Federal Bank have recently merged, creating the largest minority-owned depository institution in the U.S. with assets in…
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Malware attacks SEPTA, employee info, bank accounts, possibly compromised
August 28, 2020
Personal information pertaining to SEPTA's roughly 9,300 employees might have been compromised during a malware attack that has affected the Philadelphia…
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Brazil's BV bank resumes IPO process
August 28, 2020
Brazil's Banco Votorantim has relaunched its plan to list on the São Paulo stock exchange through an initial offer of stock after halting the process in March…
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Mexico's Banco Famsa collapses
August 28, 2020
Mexico's National Banking and Securities Commission has received criticism for being too slow in responding to applications from new financial institutions as…
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Michigan credit union executes digital push for members
August 28, 2020
Wildfire Credit Union, based in Saginaw, Michigan, announced its move into a 'digital-first' approach for members with the selection of Backbase, an…
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Citi claims defective software caused $9 million error
August 27, 2020
Citigroup is working hard to recover funds recently sent in error to creditors of cosmetics company Revlon. Citi already has multiple lawsuits to require…
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US agencies warn banks North Korean hacking operation is back
August 27, 2020
A joint advisory from the Cybersecurity and Infrastructure Security Agency, the Department of the Treasury, the Federal Bureau of Investigation and U.S. Cyber…
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CBA launches high-speed lending option for SMEs
August 27, 2020
The Commonwealth Bank of Australia has launched BizExpress Online, a high-speed lending system for small businesses, available through Netbank and the CommBank…
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Credit Suisse closing 37 branches in streamlineing effort
August 26, 2020
Swiss bank Credit Suisse plans to close 37 branches and cut jobs in its home country of Switzerland as part of an effort to streamline its business.
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Discover, Car IQ launch automotive fleet payments solution
August 26, 2020
Discover Financial Services and California-based financial technology startup, Car IQ, are partnering to create a payment platform for machine-initiated…
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Egypt’s Banque Misr to deploy ATMs at subway stations
August 26, 2020
Egypt's Banque Misr has signed an agreement with the Egyptian Metro Management and Operation company to deploy its ATM machines at all subway stations.
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Pandemic to test Bank of Canada’s inflation expectations
August 26, 2020
The economic fallout from the COVID-19 pandemic will determine Canadians' faith in the Bank of Canada's ability to keep to a 2% inflation target, according to…
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JPMorgan, postal service discussions ingnite ICBA to demand transparency
August 25, 2020
The Independent Community Bankers of America is asking for an investigation regarding reports the U.S. Postal Service is mulling an exclusive agreement with…
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