Bank / Credit Union News

Jack Henry adds vendor management to product suite

June 1, 2022

Jack Henry & Associates Inc., a software-as-a-service provider for the financial industry, has added its Vendor Management Program into its Governance…

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Forex outsources ATM management to Diebold Nixdorf

May 31, 2022

Forex, a currency exchange services provider in the Nordic countries, has agreed to outsource its entire ATM channel management to Diebold Nixdorf and is…

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Chinese banks face slow lending with cash overflow

May 31, 2022

Chinese banks are currently overflowed with cash, with few borrowers in sight due to COVID-19 outbreaks and lockdowns. Loan growth has continued to shrink both…

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Community Bank System receives approval for Elmira Savings Bank merger

May 26, 2022

Community Bank System Inc. recently announced it has received regulatory approval from the Office of the Comptroller of the Currency and an application filing…

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Fifth Third Bank expands early pay service to gig work

May 26, 2022

Fifth Third Bank recently announced it expanded its Early Pay service to include gig work as well as certain forms of government and retirement benefits. With…

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TCP Software partners with Clair for on-demand pay to employees

May 25, 2022

TCP Software, a workforce management and labor solutions company, has partnered with Clair, an on-demand pay app and fintech, to enable on-demand pay to TCP's…

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Kinecta Federal Credit Union opens Manhattan Beach branch

May 25, 2022

Kinecta Federal Credit Union has opened a flagship branch in Manhattan Beach, California.

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Wall Street bankers argue digital dollar could destroy banks

May 24, 2022

Wall Street bankers are concerned that a Fed-backed digital dollar could severely damage banks, according to a letter lobbyists sent to the U.S. central bank.

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Fifth Third inks acquisition of Dividend Finance

May 23, 2022

Fifth Third Bancorp has officially acquired Dividend Finance, a fintech point-of-sale lender that offers a variety of digital loan products for residential…

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Truist CFO to retire

May 23, 2022

Truist Financial Corp. has announced that Daryl Bible, CFO, will retire after a 14-year career with the company, according to a press release.

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Discover ties for 1st place in customer satisfaction study

May 20, 2022

Discover Bank's checking account tied for first place in customer satisfaction alongside Charles Schwab Bank in the J.D. Power 2022 U.S. Direct Banking…

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Regions Bank appoints chief transformation officer, head of consumer banking

May 18, 2022

Regions Bank, a subsidiary of Regions Financial Corp., has appointed Scott Peters to serve as chief transformation officer and Kate Danella to serve as head of…

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Arizona police arrest 3 men for using construction equipment to steal ATMs

May 17, 2022

Arizona police have arrested three men who allegedly used construction equipment to steal three ATMs in Mesa and one in Pinal County.

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Goldman Sachs offering senior staff unlimited time off

May 17, 2022

Goldman Sachs recently announced in an internal memo that partners and managing directors can "take time off when needed without a fixed vacation day…

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Popular Bank appoints retail lead

May 16, 2022

Popular Bank, a subsidiary of Popular Inc. with more 39 branches in the U.S.., has appointed Bertha Rozier to serve as SVP of retail banking and US…

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Arvest Bank brings on chief product and strategy officer

May 13, 2022

Arvest Bank, a community bank based in Arkansas, Missouri, Kansas and Oklahoma, has appointed Richard Pulliam to serve as chief product and strategy officer.

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Seattle credit union investigating possible ATM hack

May 12, 2022

Boeing Employees Credit Union, based in Seattle, Washington, is currently investigating whether its ATMs were hacked by criminals, according to a report by…

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Banorte joins UN initiative to offer banking to refugees in Mexico

May 11, 2022

Grupo Financiero Banorte, the largest financial institution in Mexico, has joined a United Nations' program to offer digital bank accounts to refugees in…

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Western banks brace for $10B loss due to pullout from Russia

May 10, 2022

As banks across the Western world prepare to leave Russia due to the ongoing conflict in Ukraine, they are also bracing for large losses. In fact, these banks…

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Truist inks acquisition of gamified finance mobile app Long Game

May 9, 2022

Truist Financial Corp. has officially acquired Long Game, a gamified finance mobile app. This app uses games to improve financial literacy and drive account…

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