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Cloud Computing ‘Key to Digital Payment Growth’

Cloud Computing ‘Key to Digital Payment Growth’

Accelerating growth in use of Apple Pay and similar services will see market hit $416 billion by 2024, research shows
PPP By Numbers: Where the SBA’s Aid Has Helped the Most

PPP By Numbers: Where the SBA’s Aid Has Helped the Most

The Paycheck Protection Program has provided loans to almost half of businesses in every state – and in some it has reached much more
Banks Update on PPP Loans as Wells Fargo Probed

Banks Update on PPP Loans as Wells Fargo Probed

Authorities have inquired about Wells Fargo’s handling of PPP loans, according to a regulatory filing
Associated to Sell Insurance Arm to USI

Associated to Sell Insurance Arm to USI

Also: FireFly and TruStone credit unions plan merger; United Bank completes CresCom acquisition
COVID-19 May Not Change Consumer Behaviour: EY

COVID-19 May Not Change Consumer Behaviour: EY

Consumer survey shows that just a quarter of bank customers expect to change their behaviours in the next 12-24 months
Business Loan Programs Expanding as Demand Soars

Business Loan Programs Expanding as Demand Soars

The Fed is boosting several pandemic aid programs, including the PPP, as data shows more than half of its first expansion has been used up
ABA Offers Advice ‘Matrix’ for Banks Reopening Branches

ABA Offers Advice ‘Matrix’ for Banks Reopening Branches

Some states are phasing out stay-at-home orders and allowing businesses to reopen after nearly two months of lockdown
Digital Transition Could Challenge Customer Satisfaction: Survey

Digital Transition Could Challenge Customer Satisfaction: Survey

JD Power’s latest satisfaction survey reveals that reducing branch-based services could have a negative impact on customer satisfaction
Israeli Bank Fined $874m Over Links to FIFA Corruption Scandal

Israeli Bank Fined $874m Over Links to FIFA Corruption Scandal

Bank Hapoalim and its Switzerland-based subsidiary have admitted money-laundering charges involving soccer officials
Banks Grant Millions of Payment Deferrals During Pandemic

Banks Grant Millions of Payment Deferrals During Pandemic

New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
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