Post Tagged with: "deposits"

Income: Any Fintech to Fill in the Supply Shortage?

Income: Any Fintech to Fill in the Supply Shortage?

by August 10, 2016 at 1:00 am 1 comment

How to earn Income from financial assets has become the million dollar question. It seems that one has to choose a significant trade-off between income and credit risk, liquidity risk or interest rate risk. Welcome to a world in which Disney just placed $2billion of corporate bonds-notes ranging from 3yrsRead More

Why Wells Is Going to Have a Swell 2016

Why Wells Is Going to Have a Swell 2016

by January 11, 2016 at 10:24 am 1 comment

Today, Goldman Sachs & Co. issued an influential “buy” investment rating for Wells Fargo & Co. But the reasoning for it seems a bit offline to what Wells sees as its best opportunity in 2016: wealth management. Goldman analyst Richard Ramsden, in issuing the “buy” rating today, cited as theRead More

To-Be-Launched GlobeOne Service Will Share the Wealth

To-Be-Launched GlobeOne Service Will Share the Wealth

by October 2, 2015 at 12:39 pm 0 comments

GlobeOne thinks it has figured out millennial banking. GlobeOne, a new transaction account expected to launch around the end of 2015, plans to amass customers in a unique way: rewards earned by customers will be shared among the global userbase. The exact amount that will be shared with the userbase is notRead More

Amex ‘Significantly’ Overhauling Mobile Check Deposit

Amex ‘Significantly’ Overhauling Mobile Check Deposit

by June 9, 2015 at 3:35 pm 0 comments

AUSTIN, Texas — American Express is overhauling its mobile check deposit for some of its accounts, an executive disclosed today. In an offhand comment during a presentation at the Digital Banking Summit here today, Stefan Happ, chief commercial officer, enterprise growth at Amex, revealed that the card company was “in theRead More

Bank of America’s Mobile Deposit Volume Booms

Bank of America’s Mobile Deposit Volume Booms

by April 16, 2015 at 10:53 am 1 comment

Bank of America might be lagging some of its competitors in mobile banking user growth, but the bank is increasing its remote deposit business at an enviable rate. The bank said yesterday that 13% of its deposits last quarter — or roughly $4.5 billion of a total $34.2 billion of newRead More

Bank of America Added 3 Million Mobile Customers, Dropped 300 Branches This Year

by December 10, 2013 at 5:49 pm 0 comments

Bank of America is more mobile than ever. BofA CEO Brian Moynihan, speaking at the 2013 Goldman Sachs Financial Services Conference in New York today, laid out some specific numbers that give a window into technology initiatives at the bank, and they are making the bank more mobile. The bank is seeingRead More

Why You Should Care That Ally Is Going with Anti-Fee Marketing, Again

Why You Should Care That Ally Is Going with Anti-Fee Marketing, Again

by September 23, 2013 at 10:15 am 1 comment

Today, Ally Bank released its latest round of anti-fee marketing. Bankers the nation over should take notice. Here’s how Diane Morais, deposits and line of business integration executive for Ally Bank, which now has $40 billion of retail deposits, as of the end of July, described the bank’s new marketingRead More

Debate Heats Up Over Charging Consumers for RDC

Debate Heats Up Over Charging Consumers for RDC

by April 11, 2013 at 12:15 pm 2 comments

Regions Bank made headlines last week when it announced it was introducing mobile remote deposit capture (RDC) for a — gasp! — fee. US Bank has offered the service for $0.50 per deposit for two years now. Last month, PNC Bank President William Demchak said the bank was considering chargingRead More

Signature Bank Offers a Peek at Pricing Competition, and It’s Brutal

Signature Bank Offers a Peek at Pricing Competition, and It’s Brutal

by January 23, 2013 at 11:00 am 0 comments

Not a day goes go by that banking competition does not seem to ratchet higher. In the latest sign of more pricing competition, Signature Bank offered investors a sneak peak at the money market rate war today, and it’s not pretty. Joseph J. DePaolo, president & CEO of Signature (ticker:Read More

Mitek to Take Aim at Remote Deposit Dollar Limits

Mitek to Take Aim at Remote Deposit Dollar Limits

by January 16, 2013 at 12:02 pm 3 comments

Citibank won’t take a remote deposit of a check of more than $500. At PNC Bank the maximum is $2,500. Chase’s limit is $2,000. These limits do not sit well with Mitek Systems Inc., which is the main purveyor of remote deposit capture and aims to expand adoption of RDC.Read More