It is no secret that technology is changing the way people manage their money — and that banks are at the forefront of this trend. Tools such as online banking and mobile deposit are making it easier than ever for clients to track their spending and stay in financial control, whether from the convenience of their home or anywhere with mobile service. However, a lesser-known consequence of this move toward technology for day-to-day banking needs is how it is reshaping interactions in bank branches.
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September 29 -Uplift Education, North Texas’ largest public charter school network, has closed a $10 million loan agreement with Dallas-based NexBank to support school expansion in the Dallas area.
August 25 – The Independent Community Bankers of America (ICBA), the nation’s voice for more than 6,500 community banks, and Vubiz, an award-winning e-learning company, recently celebrated 12 years of successfully working together to deliver effective, efficient and affordable online training to America’s community banks.
August 12 – UL has announced plans to help educate the industry on what is required to successfully migrate from magstripe to EMV technology in the U.S.
July 21 – EverFi, Inc. has announced that Sunbelt-based BBVA Compass will be the first institution to offer a Spanish-language version of its adult financial wellness solution.
June 9 – The Federal Deposit Insurance Corporation has announced significant new improvements to the deposit insurance education materials available on the FDIC’s website, www.fdic.gov. The enhancements are designed to improve the accessibility and presentation of deposit insurance information for the general public through organizational changes as well as through the expanded use of explanatory videos and interactive infographics. The changes are designed to allow the public to quickly access basic information while still offering the in-depth and comprehensive deposit insurance information that has traditionally been available. The FDIC will also continue to offer the Electronic Deposit Insurance Estimator (EDIE), where the public can enter their bank information to determine whether their deposits are fully insured.
May 13 – Powered by EverFi technology, Admirals Bank Financial Scholars Program hosted an event today at Neighborhood House Charter School, where Admirals Bank recognized the first class of fifth-grade students to complete the program. The event included remarks from Admirals Bank Chairman and Chief Executive Officer, Nicholas W. Lazares, and the Head of the Neighborhood House Charter School Kate Scott.
March 10 – TD Bank has announced the results of the TD Bank Financial Education Survey focusing on millennial banking habits, which revealed that these young adults take few risks when it comes to managing their money. In fact, 47 percent of millennials describe their financial personality as being cautious when it comes to overall personal finance habits. The nationwide survey polled more than 2,000 millennials (ages 18-34) about their banking behaviors and preferences, as well as their go-to sources for financial information and advice.
Dec 18 – Today the Consumer Financial Protection Bureau launched a campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. The Bureau is releasing educational materials in advance of the January 10, 2014 effective dates for its mortgage rules.
Sept 24 – The Independent Bankers Association of Texas welcomes former U.S. Senator Kay Bailey Hutchison, senior counsel at Bracewell & Giuliani, as honorary chair of the IBAT Education Foundation. Hutchison, who retired from the U.S. Senate this past January, has been a supporter and friend of IBAT since her time in the Texas legislature. In this new role, she will help promote the Education Foundation, which is the philanthropic arm of IBAT that funds initiatives to help community bankers actively create a more secure financial future for all Texans. The foundation’s focus is on providing financial literacy programs for consumers and students.