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As 2024 comes to a close, consumers may be wondering what 2025 has in store for the banking industry -- and for good reason. Be it increased AI usage or the incoming administration, the ...
At the time of this writing, there were 79,833 FDIC-insured bank branches across the U.S. (FDIC) The bank with the most branches is Chase Bank, which has around 4,900 branches in the U.S. and ...
In corporate news, the results from Bank of America , Goldman Sachs , and Morgan Stanley will round out earnings from big banks, while reports from United Airlines and Netflix will also highlight ...
BAI (the Bank Administration Institute) is a nonprofit organization in the United States that provides research, training, and thought leadership events for the financial services industry. Headquartered in Chicago, Illinois , BAI also operates Banking Strategies, a daily online financial services publication.
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking).
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
Shopping rises to new record level. Retail sales increased 0.7% in November to a record $724.6 billion. Growth was led by cars and parts, online shopping, sporting goods, and building materials.
Financial industry departments such as risk management, product development, and marketing must also be included in the middle and back ends to truly be considered a complete digital bank. Financial institutions must be at the forefront of the latest technology to ensure security and compliance with government regulations.