Wells Fargo, Bank of America and US Bancorp show growth in digital platforms
Wells Fargo, Bank of America and U.S. Bancorp all highlighted their digital growth and use of the payment platform Zelle ...
Tag: earnings
Robinhood technology and development costs surge 248% YOY
Trading app Robinhood’s technology and development spend is up 248% year over year to $156 million or 28% of total ...
Umpqua expands Tinder-style banking app, ramps up automation
Umpqua Bank is betting on a number of key technology projects around cloud computing, automation and its Go-To app to ...
Regions prioritizes tech amid move to cut expenses
Birmingham, Ala.-based Regions Bank is throwing its weight behind technology as the bank pulls back in other areas to keep ...
Ally leans into partnerships to jumpstart retail POS
Ally Financial is accelerating its point-of-sale (POS) lending strategy with the help of a few strategic partnerships. Ally Lending, the ...
Weekly Wrap: BofA’s CashPro gains traction, Chase launches kid-friendly product
Third-quarter earnings kicked off this week and, despite the acceleration in digital banking in light of the COVID-19 pandemic, year-over-year ...
Banks shutter branches to cut spending and focus on digital growth
Some of the largest banks in the country are pulling back on their physical footprints and pushing ahead with the ...
BofA Zelle numbers jump $7 billion quarter over quarter
Bank of America customers sent $39 billion through Zelle during the third quarter, up from $32 billion last quarter. “This ...
Citi addresses $400M risk management fine with automation, data
Automation and improved data governance will be two crucial components of Citigroup’s multiyear modernization of the bank’s infrastructure. Less than ...
JPMorgan Chase digital and mobile user numbers climb in Q3
JPMorgan Chase reported growth across mobile and digital channels during the last quarter, with the number of digitally active customers ...
