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6 days ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Consumers are increasingly falling victim to scams and financial institutions are stepping in to combat the losses. In 2024, consumers reported losing more money in investment scams than in any other scam category, according to data from the FTC. Consumers lost $5.7 billion to investment scams in 2024, up 24% from 2023. Trinity Bank, [...]
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1 week ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Financial institutions are offering new options to traditional passwords to enhance security and sign-in experiences - and clients are opting in. The global cost of fraud and cybercrime is projected to reach $10.5 trillion in 2025, according to a report by the World Economic Forum and data from research firm Cybersecurity Ventures. Weak or [...]
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1 week ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald AgFirst Farm Credit Bank has named Michael Lehmbeck chief information officer. Lehmbeck joins the Columbia, S.C.-based credit union from BankUnited where he was chief technology officer. At $47 billion AgFirst, Lehmbeck will be responsible for delivery of information technology solutions, innovation platforms, enterprise architecture management data services and IT operations, according to a May 20 [...]
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1 week ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald The Consumer Financial Protection Bureau's new leadership has been pulling back, and the latest retreat is likely to affect open banking, also known as Section 1033. In a court filing May 23, bureau leadership said the open banking rule is "unlawful and should be set aside." Section 1033, which was finalized Oct. 22, was intended [...]
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2 weeks ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Payments platform Zelle plans to add to its network this year amid growing demand for instant payments among consumers and small businesses Zelle, founded in 2017, has more than 2,200 banks and credit unions on its network across all 50 states - and growing, according to the company. Major financial institutions, including Bank of America, [...]
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2 weeks ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Digital Quontic Bank is tapping digital banking platform Alkami and account origination solution Mantl to bring in more than $150 million in deposits in the past five years - and it's not the only digital bank gaining deposits through origination solutions. In fact, digital banks lead other financial institutions in percentage of checking accounts opened, [...]
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2 weeks ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald UniCredit has created a flexible cloud migration plan as it scales its digital offerings through Google Cloud. The Milan, Italy-based bank entered into a 10-year agreement with Google Cloud to use the tech giant's AI, data and analytics, and overall digital architecture, according to a May 12 release. "We have built a migration plan [...]
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2 weeks ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Financial preparedness is top of mind for consumers as they lean on their banks' digital solutions to budget for unexpected events. Eighty-six percent of respondents in TD Bank's Financial Preparedness 2025 Survey said they think about financial preparedness at least monthly. The survey of 5,013 adults was conducted by global research and analysis business Big [...]
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2 weeks ago | 
bankautomationnews.com. | Whitney McDonald
Financial preparedness is top of mind for consumers as they lean on their banks’ digital solutions to budget for unexpected events. Eighty-six percent of respondents in TD Bank’s Financial Preparedness 2025 Survey said they think about financial preparedness at least monthly. The survey of 5,013 adults was conducted by global research and analysis business Big […]
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3 weeks ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald AI tools, in-person training and virtual training are helping KeyBank employees gain accreditation in its Certified Cash Flow Advisor Program. The $189 billion bank's program, launched in 2024, allows advisers to customize services for business clients looking to optimize operations by tapping KeyBank tools, according to the bank's May 5 release. Through conversations with [...]
