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Only 40% understand the data provided by banks’ personal financial management tools
OakNorth has lent $600m to lower mid-market businesses in the US last year
GenAI could increase productivity in banks by up to 35% by 2026
Business clients should be able to transfer funds to overseas accounts within 30 minutes
Majority of small business owners saw growth despite facing labor challenges
The federal judge rejected the challenge, which was backed by the American Bankers Association
Industry has reason for optimism with previously owned homes rising by 1.3% in July
The majority (84%) of countries also experienced a rise in cyber attacks over the past two years
The potential sale forms part of the bank’s increased focus on Asian markets
Announced a partnership with crypto company Taurus
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Webinar:

Customer Onboarding, Fraud Prevention, and Digital Banking Transformation

Tuesday, October 1st, 2024, at 2:00 pm ET

Banking Exchange will host a crucial webinar exploring key issues and trends in the banking and financial services sector. We will welcome John Baird, a leading expert on the application of identity verification technology in banking.

This discussion will focus on customer onboarding, fraud prevention, and digital banking transformation, providing actionable insights and strategies for banks to enhance customer acquisition and operational efficiency while adapting to evolving regulatory and technological demands.

Mr. Baird will spark discussion of hot topics impacting the performance of banks:

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