Wells Fargo sees modest growth in ‘digital active’ customers
Wells Fargo’s digital strategy is showing results. In an earnings report Tuesday, the bank confirmed it had 13.2 million “digital ...
Tag: earnings
BofA: Zelle peer-to-peer transaction volume grows by 79%
Consumers who send money to family and friends are converting to digital peer-to-peer payments in droves, if Bank of America's ...
BNY Mellon to increase tech spend as cost savings materialize
Bank of New York Mellon expects to continue pouring money into technology in search of efficiencies for the foreseeable future, ...
Capital One to Be Fully on Public Cloud by End of 2020
Capital One Financial plans to complete the exit from its data centers and to go fully into the public cloud ...
Millennials Represent Nearly 3 of 5 New 1Q Account Openings at Ally
The Detroit, Mich.-based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff ...
Citizens Access Adds $1.6 Billion in Deposits in Q1
Citizens Access, the digital-only arm of Citizens Financial Group, has attracted $4.6 billion in deposits through the first quarter of ...
Goldman Sachs Focused on Diversifying Bank after ‘Muted’ Quarter
Reimagined products and services with new technology are on the front burner, albeit over low heat, at Goldman Sachs after ...
Tencent Sees Payments Growth Driven by Merchant Adoption
Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth, ...
Larger Sellers Account for 51% of Square’s Gross Payment Volume as ‘Ecosystem’ Takes Root
Square Inc. saw gross payment volume increase 28% year-over-year to $23 billion in the fourth quarter of 2018. The payments processing ...
Worldpay’s Tech Solutions Revenue Up 21%, Fueling Growth
Beating expectations, Worldpay reported total organic net revenue growth of 10% in the fourth quarter of 2018, aided largely by ...
