Citibank is hoping instant cash back rewards at checkout will encourage more card use and grow customer affinity with the brand. In July, the bank is enabling instant reward redemption capability at c...
HSBC, a top global bank with $2.6 trillion in assets, is making technology a core component of U.S. branch expansion plans. The bank today announced the opening a new location in Cupertino, California, along with 50 planned new branches in the U.S. to be constructed over the next four years. Jeremy Balkin, head of innovation […]
Bank of America has added a human-assisted option to its digital wealth management product. With the launch of Merrill Edge Guided Investing with an Advisor this week, Bank of America joins a growing number of banks and fintech startups that are adding digital-only investment tools with human help. For an annual fee of 0.85% of […]
The Royal Bank of Canada, Canada’s largest bank, is seeing results from its $3.2 billion investment in digital transformation. In a second-quarter earnings call on Thursday, the bank reported that year-over-year digital adoption (desktop and mobile) increased to 52 percent of users (up 3% from a year ago) and 90-day active mobile users increased 17% […]
You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. “Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan. I hope that doesn’t give you […]
By all accounts, the non-qualified mortgage (non-QM) market is booming. In 2018 alone, $11.38 billion of expanding-credit MBS, including non-QMs, was issued, and analysts expect a 60% increase in these products in 2019. Despite this sudden rise in popularity, many mortgage professionals still have concerns about non-QMs, fearing increased risk after the mortgage market finally […]
Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet. There are many benefits to explore in this area, and it’s not a bad idea to check out what some online banking services can do for you […]