July 8, 2025

Banking

Banking

Truxton Elevates Banking Team Leaders in Recent Promotions

NASHVILLE, Tenn., June 05, 2025 (GLOBE NEWSWIRE) — Truxton is pleased to announce the promotion of several distinguished members of its team, recognizing their outstanding contributions to the Truxton Banking team’s continued growth and success. Lindsey Heird, Lizzie McKeand, and William Benson have each been promoted to Senior Vice President, Truxton Banking. These veteran bankers

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Banking

Hilbert Group secures option to acquire 100% of crypto banking platform Nordark

Hilbert Group AB (Nasdaq: HILB B), the Nasdaq-listed investment firm specializing in crypto asset management and Web3 technologies, today announced that it has secured an exclusive option to acquire 100% of the shares in Nordfinex Holding AB, the company behind the fast-growing crypto banking platform Nordark. As part of the agreement, Hilbert has acquired a

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Banking

Intellect Design Arena secures multi-country banking deal in South Africa 

eMACH.ai Digital Engagement Platform will enable the bank to deliver personalised customer experiences across multiple channels and integrate with core banking systems and third-party applications. Intellect Design Arena Ltd has announced a major contract with a leading South African bank to implement its eMACH.ai Digital Engagement Platform across nine countries. The shares of the company

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Banking

OCBC Premier Banking celebrates strong business growth, credits ‘twin-hub’ strategy

Driven by strong demand for wealth management and insurance solutions in Asia, OCBC posted record financial results for the third year in a row. The Singapore-based bank reported a net profit of S$7.6 billion (US$5.9 billion) for its 2024 financial year, and total income rose by 7 per cent to S$14.5 billion. Within the year,

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Banking

Va. bank turns to workplace banking to spur deposit growth

Fairfax, VirginiaAdobe Stock Freedom Bank of Virginia in Fairfax is rolling out a workplace banking program this month, part of a broader effort to capture more consumer deposits. In workplace banking, a financial institution partners with an employer to offer its employees a specially tailored suite of products and services. For President and CEO Joe

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Banking

Visa, Mastercard, HSBC make open banking payment plays | PaymentsSource

David Paul Morris/Bloomberg Visa has rolled out Visa A2A, its account-to-account payment scheme, in the U.K., allowing customers to manage bills and subscriptions through their banking app. It also allows merchants the ability to include more transaction data for reconciliation and to see when a consumer changes or cancels payment permissions.  Visa A2A uses open

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Banking

Man who stole banking info from hundreds sentenced in Providence

PROVIDENCE – A Romanian man described as an “undeterred serial scammer,” who stole the banking information of hundreds of people through skimming devices installed on ATMs has been sentenced to nearly three years in federal prison and will face deportation from the United States, prosecutors said. Mario Demarco, 30, was sentenced on Tuesday in Providence

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Banking

SOCIAL DEVELOPMENT BANK (SDB) WINS BEST AI TRANSFORMATION BANKING INITIATIVE AT THE GLOBAL BRAND AWARDS 2025

LONDON, June 4, 2025 /PRNewswire/ — Social Development Bank (SDB), a leading bank, has been recognised as the “Best AI Transformation Banking Initiative, Saudi Arabia, 2025″, by Global Brands Magazine (GBM) at the Global Brand Awards. This recognition reflects SDB’ s commitment to providing innovative features and enhanced customer experience. Global Brand Awards (PRNewsfoto/Global Brands

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Banking

Understanding MALPB Charters: A Collaborative Approach to Banking Innovation — Payments Pros – The Payments Law Podcast | Troutman Pepper Locke

In this episode of Payments Pros, Carlin McCrory welcomes Melissa Sneed from the Georgia Department of Banking and James Stevens, co-leader of Troutman Pepper Locke’s Financial Services Industry Group, to explore Merchant Acquirer Limited Purpose Bank (MALPB) charters. Melissa, the deputy commissioner for supervision, outlines the application process for obtaining a MALPB charter, emphasizing the

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Banking

How to manage your credit card using mobile banking apps? A step-by-step guide

Mobile banking applications have changed the way people manage their accounts: credit cards, particularly in the time where smartphones govern everything. With a few touches, cardholders enjoy total control over their credit card payments, use, security settings, and much more. The thorough and comprehensive understanding of using mobile applications on how to manage credit cards

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