Citi said it’s planned for 5,000 job cuts this year, but that its new tech strategy will give customers a more personalized experience.
The neobank launched the Ultra card, which offers travel, lifestyle, and investment perks. But stiff competition will pose a challenge.
It’s opening a community center on the US-Mexico border and creating financial handbooks for migrants.
The hefty loan puts money in the hands of banks that can increase lending and other investments in underserved communities.
Even consumers in remote rural areas felt the aftershocks of Silicon Valley Bank’s collapse.
It wants to lean on AI to attract users, while new environmental-focused features should strengthen its brand with younger shoppers.
It partnered with Spotify Premium and can use other tie-ins and products to sustain rapid growth.
Banks are focused on B2B opportunities and generative AI to drive revenue as they usher crypto out the door.
Bank of America’s expansion strategy includes a plan to target areas in which it can replace two branches with one.
Its global app aims to give women confidence to take control of their financial lives.
Flush with palimony from its breakup with TD Bank, First Horizon is flaunting its new, independent status.
Though the agency is in charge of developing a data rights rule, it will take a hands-off approach to the rollout to empower consumers.
BNY Mellon and MoCaFi will deliver disaster relief and payroll disbursements, and basic banking services to the unbanked.