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KeyBank invests in clients, people, technology
KeyBank prioritized its investment in technology during the fourth quarter as it looks to build the bank’s franchise to ensure competitiveness. “Our first investments are always going to be good clients and our people. And then in this world, you’ve got to continue to invest in technology,” Chief Financial Officer Clark Khayat said during today’s…
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Anyone want to hire an old man who knows COBOL?
Seven years ago, I was citing the fact that 43% of the global financial system runs on a computer language no-one speaks anymore. Seven years later, PC Magazine (are PC’s still a thing?) picked up on this theme with the headline: The World Depends on 60-Year-Old Code No One Knows Anymore | PCMag … and sub-headline:……
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Things worth reading: 22nd January 2024
Things we’re reading today include … Online pastor charged for ‘worthless’ crypto scam says God made him do it (cointelegraph.com) UK banks prepare for deepfake fraud wave (ft.com) Could Metro Bank be the best value stock to buy right now? | The Motley Fool UK Barclays to shrink investment bank’s share of business, CEO says……
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No Fee for Registering with FinCEN: Myth Busters!
No Fee for Registering with FinCEN: Myth Busters! The world of financial regulations can be a labyrinth, and the question of fees pops up frequently. When it comes to registering with the Financial Crimes Enforcement Network (FinCEN), a common misconception circulates: there’s a fee involved. But relax, aspiring Money Services Business (MSB) owner, registering with…
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Understanding Visa Direct for Cross-Border Remittances
A Card-to-Card Transfer Guide IntroductionIn an increasingly globalized world, the need for quick and reliable cross-border money transfers has never been more crucial. Visa Direct, a service by Visa, is revolutionizing the way people send money internationally. This article delves into how Visa Direct facilitates remittances, enabling customers to transfer funds from their card to…
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Understanding Visa Direct for Cross-Border Remittances
A Card-to-Card Transfer Guide IntroductionIn an increasingly globalized world, the need for quick and reliable cross-border money transfers has never been more crucial. Visa Direct, a service by Visa, is revolutionizing the way people send money internationally. This article delves into how Visa Direct facilitates remittances, enabling customers to transfer funds from their card to…
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20 banks and thrifts with the most assets through September 2023
The top five banks and thrifts have combined total assets of nearly $13 trillion as of September 30, 2023.