Remove Cleveland Remove Online Remove Technology
article thumbnail

Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. So how did one branch of the Fed end up on such a different page from their counterparts?

Study 101
article thumbnail

5 Questions With… KeyBank Consumer and Digital CIO Kim Snipes

BankInovation

Technology investment at KeyBank is nothing if not dynamic. The Cleveland-based bank had a digitally driven calendar year, partnering with Laurel Road for an online lending platform in March 2021 and acquiring payments fintech XUP Payments in November 2021.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Digital dollars could make the leap from concept to reality, but there might be a few ways to get there.

Cleveland 330
article thumbnail

How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic

PYMNTS

Branch visits are vital to customers’ financial lifestyles, despite mobile and online banking’s growing popularity. One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets.

System 226
article thumbnail

Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.

article thumbnail

Google Pay Now Supports Cards From 13 More US States

PYMNTS

The banks included the Arundel Federal Savings Bank, the Greater Cleveland Community Credit Union, the Greenleaf Wayside Bank, the Lakestone Bank & Trust, the Peoples Bank of Kankakee County and the Sanford Institution for Savings. The technology would let people send money to each other by scanning their phone screens.

Google 109
article thumbnail

Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

The modernized branches will have more interactive technology and a layout that will help customers who need longer visits for more complicated issues. “We As more and more people are handling routine transactions online, banks have been slowly reducing the number of branches they have. It fell from 38 percent to 26 percent in 2016.

America 128