Using AI to find credit-worthy bank customers

by Peter Barcak — CEO & Co-Founder, CredoLab@ PVT LTD

For the unbanked, being able to establish credit is almost unattainable. The unfortunate scenario is many of those classified as a bad risk could be among some…

Bank of America misses on third-quarter revenue

October 15, 2020

Bank of America shares fell Wednesday after the bank posted third-quarter results that missed on revenue, according to a report in CNBC.

Citigroup earnings top street estimates

October 15, 2020

Citigroup released its third-quarter earning results this week and they results were better than analysts expected, according to a report in CNBC.

JP Morgan Chase revenue ahead of analysts' estimates

October 15, 2020

JPMorgan reported a 30% jump in trading activity for the third-quarter, considered the result of markets' continued volatility, which lifted the bank's revenue…

UK Treasury explores future of cash

October 15, 2020

The U.K. Treasury is launching a six-week "call for evidence" on ideas and feedback regarding what the impact would be on communities if the U.K. went cashless…

Fintech to install kiosks that exchange cash for prepaid Mastercard

October 15, 2020

XTM, a Toronto-based fintech company in the challenger banking space that provides mobile banking and payment solutions, will be installing…

Wells Fargo earnings fall short of estimates

October 14, 2020

Wells Fargo reported disappointing earnings for the third quarter as low rates put pressure on the bank's net interest income, according to a report in CNBC.

Germany banks brace for post-pandemic bankruptcies

October 14, 2020

With Europe's economy struggling due to the pandemic, Germany's central bank is taking steps to warn all banks to brace for a potential wave of insolvencies…

COVID-19 survives 28 days on money, ATM screens, mobile phones, claims study

October 12, 2020

The novel coronavirus can survive for 28 days on banknotes, glass, grab handles, rails, mobile phone screens and plastic banknotes at room temperature or 2…

Bank of America to offer short-term loans for $5

October 9, 2020

Bank of America will roll out a short-term loan program for customers in need of quick cash beginning January, 2021. The program, called Balance Assist, will…

Deutsche Bank system gives early warnings for settlement fails

October 9, 2020

Deutsche Bank has introduced technology from Elastic that will provide clients with an early warning of likely settlement delays for in-flight transactions…

Nigerian Senate to investigate excessive charges to customers

October 8, 2020

Following numerous complaints by Nigerians that they were constantly being overcharged bank fees, the Nigerian Senate has launched an investigation and…

Danske Bank to cut 16,000 jobs

October 8, 2020

Denmark's Danske Bank will slash up to 16,000 jobs within the next 6 to 12 months as part of a cost-reduction program that will extend until 2023, according to…

Investigation for US Bancorp and US Bank National Association data breach continues

October 7, 2020

Houston-based Emerson Firm PLLC, will be continuing its investigation regarding a data breach at U.S. Bancorp and U.S. Bank National Association (collectively…

German banking network pilots entertainment, banking kiosks

October 6, 2020

Volksbanken Raiffeisenbanken, a cooperative financial network in Germany, has deployed self-service terminal kiosks in 23 locations throughout Germany to…

Will cash be on permanent lockdown?

by Steve Villegas — VP, Payment Partnerships, PPRO

The future of cash has been a topic on many minds in the ATM Industry. The coronavirus pushed a tremendous amount of cash and bank customers to the digital…

Swiss ATMs get standardized software

October 6, 2020

Swiss infrastructure operator for the country's financial center, SIX, has completed an "ATMfutura" migration where banks equip ATMs with standardized software…

City threatens to seal 600 ATMs if banks don't pay fees

October 6, 2020

Six hundred ATMs could be sealed and rendered inoperable in the city of Gurugram, India, if banks don't pay pending registration fees to the Municipal…

Fulton Bank to close branches in Lancaster County, Pennsylvania

October 2, 2020

After two other banks recently reported having to close branches, a third bank in Pennsylvania's Lancaster county, Fulton Bank, is also closing branches as its…

ATM Enhancement Products

Parabit specializes in durable, ADA compliant ATM Surrounds and Toppers. With 25 years of experience in design, manufacturing and installation, we understand…