Starting a bank often seems like an impossible task. In this day and age, that conception is false. With experience and modern technology, anyone with ambition has the opportunity to…
Today’s automated teller machines (ATMs) have a plethora of capabilities. Using your debit or credit card — or using contactless payment options on your smartphone — you can view your…
Most of us wonder at some point about how a bank makes a profit. How do banks make money when they provide so many free service offerings — especially ones…
There were 249 bank mergers in 2019, totaling $57.68 billion which was almost double the valuation of the previous year. The high value was a result of the merger of…
Phishing is a type of online scam that has been a constant, unfortunate accompaniment to the digital age. Research shows nearly one-third of all data breaches in 2019 involved phishing…
A credit union is a not-for-profit financial institution that is run and owned by its members, unlike a bank, which may be publicly traded or privately owned. Credit unions offer…
Financial institutions require powerful technology solutions that can keep up with ever-changing client needs. Patrons expect their banks and credit unions to offer a full suite of digital services, and…
Technology has slowly been taking over the finance industry ever since the stock market went electronic decades ago. People far and wide are investing in fintech for its time- and…
The year 2020 is something we’re used to hearing about in sci-fi movies — but the new decade is already here. Along with a fresh decade comes exciting new banking…
Before you open the doors of your De Novo Bank and start accepting customers, there are a few hurdles to overcome. One of the first ones is to create a…
Banks are rock solid investments that can, upon maturity and after prodigious legwork, yield capital appreciation and significant dividend income for investors. Financial institutions make their money through the charging…
How Small Online Banks are Changing the Financial Landscape
Today’s consumers expect to be able to do just about everything from their smartphones, and that includes managing their bank accounts. Online banks have emerged to meet the demands of…
An industrial loan company (ILC) is a financial institution within the United States that lends money, typically to consumers and small businesses. A fixed institution since 1910, the distinctive feature…
Advanced technology in the banking industry has made transactions safer, faster, and more efficient for banking staff as well as customers. Gone are the days of manually processing checks and…
Back in Black: Renewed Interest in De Novo Bank Investment
It’s been a long road, but regulatory conditions are finally more receptive to bank startups than at any time since the financial crisis struck a decade ago. Only 11 new…