In this week’s banking news roundup: Maryland is the 10th state to pass legislation overseeing the earned wage access industry; Truist Financial adds Morgan Stanley’s former Finance Chief Jonathan Pruzan to its board; South Carolina-based The Citizens Bank agrees to buy a First Capital Bank branch in North Carolina; and more.
Union Bank April 14, 2025 Scams and fraud are becoming rampant and much harder to spot. In the past, phishing emails and text messages often contained misspelled words and grammatical mistakes. These days, scammers are using artificial intelligence to create phishing emails and texts that are much harder to spot. They also use AI to … Read more
Simon Whitaker Digital currencies and the tokenisation of financial assets could speed up the movement of money and assets between institutions and across borders. Historically, the liberalisation of capital flows led to debates about the impact on macroeconomic and financial stability. Bouts of instability – for example the 2008 global financial crisis – provoked calls … Read more
Axos Bank is revving up its AI initiatives and technology acquisition strategy as consumer demand shifts toward high-tech banking. The $24 billion digital bank on May 6 announced a partnership with AI-powered embedded lending platform OttoMotto to streamline onboarding for auto dealer clients. Axos in February tapped AI-driven software engineering firm Ascendion to add consolidated … Read more
For several years, top AI developers have been working inside research labs to build more powerful artificial intelligence systems that might one day rival humans at many tasks. But as AI has rapidly improved in recent months, leading model makers have moved aggressively to try to translate those advances into apps and devices that people … Read more
When you’re looking to manage your finances more conveniently and securely from wherever you are, you’ll want to set up online and mobile banking. If you’ve never worked with digital banking before or if you have questions about certain features of your online accounts, we’ve got you covered. Here’s our comprehensive guide to Dieterich … Read more
Fixed deposits, a time deposits you can get in any bank. There are two types of fixed deposits, one is TDR and the other is STDR. Literally speaking, both are term deposits but there are certain aspects where one differs from the other. It helps in choosing the right product as per investors’ needs. We … Read more
Commercial banking is at a strategic inflection point. As we look ahead to the next five years and beyond, the question is no longer how to keep pace with change—but how to lead it. Commercial banks have the potential to achieve accelerated growth, even amidst geopolitical and economic uncertainties. Success in this dynamic landscape will … Read more
Union Finance Minister Nirmala Sitharaman met Asian Development Bank (ADB) President Masato Kanda | Photo Credit: ANI Asian Development Bank (ADB) President Masato Kanda on Friday said the multilateral funding agency stands ready to provide up to $4.5 billion sovereign lending to India each year. “Yesterday I met Finance Minister Nirmala Sitharaman in New Delhi … Read more
When Andrea Finan got a call from J.P. Morgan Wealth Management CEO Kristin Lemkau, she wasn’t initially looking to change jobs. “I had been at Goldman Sachs for 18 years,” Finan told American Banker. “I had lots of different experiences and lots of doors that continued to open for me there. I took the call, … Read more