All articles by Douglas Blakey
Douglas Blakey
Businesses & consumers demand a passwordless future
Consumers are increasingly demanding alternatives to passwords as AI-fuelled phishing attacks increase, according to data released by The FIDO Alliance meanwhile, businesses are also working towards a passwordless future
Wells Fargo Q3 2023 net income +60% y-o-y, beats forecasts
Revenues rise by 7% y-o-y to $20.9bn at the US’ fourth largest bank, boosted by an 8% rise in net interest income
Strong consumer finance performance helps Citi Q3 2023 revenues beat forecasts
Citigroup revenue rises by 9% y-o-y for the quarter to end September with net income ahead by 2% boosted by growth in consumer finance and institutional client segments
JPMorgan Chase Q3 2023 earnings beat forecasts, net income +35% to $13.2bn
Chase reports a 21% rise in net revenue for the quarter to end September, boosted by strong net interest income growth reflecting higher deposit margins
More than 40% of banks fall victim to financial crime in last six months
SmartSearch renews warning that not all banks always complete checks to verify identity of new customers
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Israel-Hamas conflict: markets reaction latest
On 7 October 2023, Hamas led attacks into Israel and six days on, the markets are still reacting
Wells Fargo extends advice and planning, LifeSync access to all retail banking customers
Strategic expansion gives more Wells Fargo customers personalised, digital goal-setting experiences
UK consumer behaviour remains erratic, Bank of England warns lenders on defaults
The number crunchers at FICO are again sending warning signals to lenders while the Bank of England warns lenders to prepare for a rise in defaults
Banking on technology as sector-wide job cuts take place
Staff layoffs are by far the most popular cost-saving measure across banks this year writes Blandina Hanna Szalay. At the same time, spending on AI, forecast to displace more and more employees, continues to rise
Backbase launches Grand Central, its new-gen integration solution
Engagement banking platform provider, Backbase, dedicates $10m fund to fuel innovation