Shivesh Maharaj

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Banks Boosting ATM, Checking Account Overdraft Fees

Banks are reaping bigger fees whenever customers overdraw their checking accounts or use ATMs that are not affiliated with their lender, a new survey shows. The average fee for using an out-of-network ATM climbed 5 percent over the past year to a new high of $4.35 per transaction, according to a …

Banking

Digital shift puts a third of traditional banks' revenues at risk, warn analysts

McKinsey said that European banks have generally been slow to transform their company into a truly digital one even though digital banks can gain "a …

THE FUTURE OF PAYMENTS: 2014 [SLIDE DECK]

In this presentation, we highlight the most important trends fueling the changes: the rise of payment apps, mobile registers, e-commerce, and the decline of cash and checks. We also show where the payments industry is headed. Many of the slides are based on charts exclusive to BI Intelligence.<p><i>BI</i> …

FinTech

How MasterCard became a tech company

Ajay Banga loves to talk about the wonders of a cashless society, but every now and then it can backfire. At his first offsite leadership meeting …

Here's What Banks Have That Facebook And Snapchat Don't

Here’s What Banks Have That Facebook And Snapchat Don’t<p>Ian Kar<br>• July 22, 2014<br>• Cards, Commerce, Payments, Risk, Security, Social Media<br>• 2<p>Bookmark<p>Facebook, …

Millennials And Mobile-Savvy Consumers Are Driving A Huge Shift In The Retail Banking Industry

Banking institutions are in a race to provide the newest online and mobile features to their users, as retail banking branches lose their relevance fast.<p>That's because banks know that these services are how they will win over their next-generation of client. This is particularly important in the …

Banking

Why U.S. Bank Is Banking on Mobile Payments To Drive Revenues

Share Email<p>Richard Davis, U.S. Bancorp chairman, president and CEO, likes what he sees in the financial institution’s payments portfolio, and he is …

The rise of the digital bank

As European consumers move online, retail banks will have to follow. The problem is that most banks aren’t ready.<p><b>Across Europe,</b> retail banks have …

Swiss operators back NFC for new m-payments service

Tapit was developed by Swisscom, which is the first operator to launch the service, and supports Visa payment cards issued by Cornèrcard.<p>Each …

<b>Welcome to FierceTechExec</b><p>This new, daily, email newsletter will deliver the most compelling news impacting senior IT executives across a broad range …

<b>Welcome to FierceTechExec</b><p>This new, daily, email newsletter will deliver the most compelling news impacting senior IT executives across a broad range …

Banks play trump cards over interest-free balance transfer deals

Lloyds launches 'longest-ever' interest-free deal as competition hots up between credit card issuers<p>Credit card companies are falling over themselves to offer deals to people with good credit ratings who want to take a breather from paying interest.<p>This week <b>Lloyds Bank</b> launched what it said was its …

How to Foster Innovation

<i>Innovate or die.</i><p>It’s a common phrase thrown around in the business world. And for the most part it is true. The companies that innovate on the right …

Bank Clients Want Social Media Account Access — Capgemini

In the tech world in 2017, several trends emerged as signals amid the noise, signifying much larger changes to come.<p>As we noted in last year’s More …

Big Four banks lose out to easy switching

Santander has seen current-account customers rise 11% after launching easy switching [GETTY]<p>According to market research group TNS, the three have …

Brokers reportedly ditching Barclays over 'dark pool' lawsuit

A day after being sued for securities fraud by New York’s attorney general, Barclays is facing defections by brokers from its “dark pool” private …

Eric Schneiderman

What’s on the Minds of Today’s Banking Leaders

While the future is starting to look brighter for the banking industry, compressed net interest margins, slow loan demand and regulatory compliance …

A cashless society and the five forms of mobile payment that will get us there

Visions of a cashless society started being portrayed from the 1950’s along with other aspects of a future waiting to be transformed by technology. …

FinTech

US Banking System Outlook Stable, As Economy Grows and Regulation Cements Capital and Liquidity Improvements

The outlook for the US banking system is stable, as US banks continue to strengthen their balance sheets, says Moody's Investors Service in its …

The Up Side of Down

• <b>Author:</b> Megan McArdle<p><b>“Clever, surprisingly fast-paced, and enlightening.” —Forbes</b><p>Most new products fail. So do most businesses. And most of us, if we are honest, have experienced a major setback in our personal or professional lives. So what determines who will bounce back and follow up with a home …

Grow

• <b>Author:</b> Jim Stengel<p><b>Ten years of research uncover the secret source of growth and profit …</b><i><br>Those who center their business on improving people’s lives have a growth rate triple that of competitors and outperform the market by a huge margin. They dominate their categories, create new categories and</i> …

Good to Great

• <b>Author:</b> Jim Collins<p>The Challenge<br>Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning.<p>But what about the company that is not born with …

Leadership

Marketing to Millennials: The consumers to change the market landscape

<i>Jamie Gailewicz oversees the Bailey Brand Consulting Client Services team, where he is involved in the ongoing management of clients, delivering sound strategies and inventive solutions.</i><p>To sell to any audience, you have to understand it. Discovering how its members think, act, and purchase is only …