Backbase and Finxact form alliance on digital-banking platform

March 12, 2020

Backbase, an omnichannel digital-banking platform, announced a strategic partnership with Finxact, to help banks and credit unions looking to transform their…

Digital banking surge predicted by 2024

by David Jones — Editor, Networld Media Group

Digital banking is poised to take off as incumbent banks move much of their business to mobile channels to compete against a new generation of digital-only…

Cash handling, security market expected to rise by $20B by 2024

March 12, 2020

NorthOne raises $21M to expand banking startup for small biz

March 10, 2020

NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures. 

Credit Sesame launches digital banking service

March 10, 2020

Credit Sesame, a company that helps consumers manage their credit, is launching a digital banking service called Sesame Cash, offering consumers bank accounts…

CO-OP Financial postpones conference until August

March 9, 2020

CO-OP Financial Services said it was postponing its THINK 20 conference to Aug.17-20, citing health and safety concerns amid the growing coronavirus outbreak. 

Robinhood suffers new outage amid market rout

March 9, 2020

Robinhood suffered its second major outage in a week, as the mobile stock trading app stopped working Monday amid a historic market selloff where the S&P…

Citi offers fee waivers, hardship assistance amid coronavirus impact

March 9, 2020

Citi announced several measures, including fee waivers, hardship programs and extended banking help, to help retail customers and small businesses with help to…

Mobile banking app Empower raises $20M in Series A funding

March 6, 2020

Empower, a San Francisco-based mobile banking fintech, has raised $20 million in Series A funding, which came from a group that included Icon Ventures, Defy…

State Farm exiting banking sector, partnering with US Bank

March 5, 2020

State Farm is exiting the banking business and will enter a strategic alliance with  U.S. Bank, which will take over the insurance company’s existing deposit…

Branch offers surcharge-free ATM access through Cardtronics

March 5, 2020

Branch, a fintech that provides workers with advanced access to their paychecks, has teamed up with Cardtronics to provide surcharge-free ATM access through…

Wells Fargo to launch zero- and limited-overdraft fee accounts

March 3, 2020

(Updated at 7:45 p.m. EST with additional background)

Intuit plans personal finance ambitions with Credit Karma buy

by David Jones — Editor, Networld Media Group

Intuit announced its highly anticipated $7.1 billion acquisition of Credit Karma, a move that will create a personal finance powerhouse that can help financial…

Capital One to shut 37 branches across US

February 28, 2020

Capital One Financial Corp. is closing 37 bank branches across the U.S. as the bank works to reconcile its traditional banking business with a customer base…

Brink's acquires non-branch ATMs from AIB

February 28, 2020

Brink's has agreed to buy more than 500 remote ATMs from Allied Irish Bank. The agreement comes about a month after AIB and Bank of Ireland put their…

Lloyds Bank cutting 780 jobs as consumers shun branches

February 27, 2020

Lloyds Banking Group is slashing 780 jobs as the U.K. financial institution faces an industry wide shift of customers moving away from in-person branch visits…

Virgin Money to slash 500 jobs, consolidate or close 52 branches

February 27, 2020

Virgin Money will slash 500 jobs and also close 22 branches outright and consolidate another 30 branches into another nearby Clydesdale Bank/Yorkshire Bank or…

Brink's acquires majority of G4S cash operations for $860M

February 26, 2020

Brink's, the world's leading cash management company, is buying a majority of the cash operations of G4S, the U.K.-based security and cash management firm, for…

Loomis acquires Finnish ATM, cash-handing firm

February 26, 2020

Loomis AB acquired Finnish cash management and ATM firm Automatia Pankkiautomattit Oy (Automatia) for 42 million euros ($45.6 million), which includes…

Branchserv, COCC provide dual-host ITMs for banks, credit unions

February 25, 2020

BranchServ, a division of Custom Vault Corp., has partnered with financial technology firm COCC, to launch a transformational automation solution for community…