Technology: Page

  • Banking industry expected to invest $387B in IT in 2019

    Gartner predicts a 7.8% increase in software investment year-over-year.

    By • July 15, 2019
  • A tram passes the giant Euro symbol with high rise office buildings the city of Frankfurt am, Germany in the background
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    Hannelore Foerster via Getty Images
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    N26’s US launch highlights hurdles for challenger banks

    Challenges abound for European digital-only banks entering the U.S. space, such as waiting for state-by-state approval and maintaining a rapidly growing customer base.

    By • July 11, 2019
  • An AI processor on a futuristic printed circuit board Explore the Trendline➔
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    Trendline

    Artificial intelligence

    Banks’ conversations surrounding AI are shifting from an experimental “what” phase to a focus on how, how much – and how fast.

    By Banking Dive staff
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    YouTube US Bank
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    Omnichannel allows banks to offer 'channel of choice'

    Faced with competition from digital banks that don't have the same fixed costs around physical distribution, omnichannel strategy allows traditional banks to "leverage the best of both worlds."

    By • July 11, 2019
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    geralt via Pixabay
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    Banks take wait and see approach to ROI on AI deployment

    Gartner's Moutusi Sau said the banking industry as a whole still waits to see actual value from their current AI projects before committing more resources to the emerging tech.

    By • July 8, 2019
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    JPMorgan Chase
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    JPMorgan Chase opens flagship New York branch ahead of nationwide expansion

    The bank plans to hire 3,000 employees as part of its overall expansion, which includes 400 branches in 20 new markets.

    By • July 3, 2019
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    Brittany Lynn Photography
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    ABA, ICBA say overdraft opt-out rule working as intended

    Banks are giving consumers a chance to avoid overdraft protection fees, while presidential candidate Corey Booker aims to strengthen curbs even further. 

    By Robert Freedman • July 2, 2019

  • Lawmakers schedule hearings ahead of Facebook's cryptocurrency launch

    The Silicon Valley-based company said Libra, which is scheduled to launch in early 2020, is already backed by dozens of companies — including Uber and Mastercard — to be managed by the independent nonprofit, Calibra.

    By • July 1, 2019
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    Retrieved from Amazon on June 11, 2019
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    Amazon launches credit account with Prime-member perks

    Cardholders will be able to make purchases on Amazon.com up to their credit limit, as well as receive free access to credit guidance and tools.

    By Tatiana Walk-Morris • June 11, 2019
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    Jonas Leupe/Unsplash
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    55% of US mobile users can't live without cash, study says

    While cashless payments promise security and convenience, many businesses are reluctant because of higher costs and some lack of consumer interest.

    By Robert Williams • April 22, 2019