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Banking

Wells Fargo Wants to Let You Make Million-Dollar Wire Transactions with Your Face and Voice

Tarun Wadhwa | Posted 11.06.2015 | Technology
Tarun Wadhwa

"My voice gives me access to proceed, please verify me," I announced to the phone in my hand. It scanned my face to see if my lips were moving. I then read aloud series of numbers. The voiceprint was a match, and the app unlocked itself - the demonstration was a success.

I (Shall Happily) Accept the 2016 Nobel Prize in Economics on Behalf of Satoshi Nakamoto

Bhagwan Chowdhry | Posted 11.06.2015 | Business
Bhagwan Chowdhry

I am completely serious in suggesting Satoshi Nakamoto for the Prize. The invention of bitcoin -- a digital currency -- is nothing short of revolutionary.

5 Principles to Restore Trust in Banking

Keith Mestrich | Posted 11.04.2015 | Impact
Keith Mestrich

In today's America, bankers are often seen as uncaring, and media portrayals reflect a view that banks put hardworking people on the streets. Our industry, which should be a key part of helping people achieve their economic and financial goals, has lost consumer trust.

How Bernie Sanders Plans to Transform the Postal Service and Help Millions in Poverty

Michael Sainato | Posted 11.03.2015 | Politics
Michael Sainato

Millions of low-income Americans depend on check cashing institutions, pawn shops, and payday loans to fulfill much of their banking needs. These places are notorious for ripping people off and serves as one of the countless barriers that keep poor people impoverished.

Indonesia Is on Fire. Here's How Goldman Sachs Responded

Glenn Hurowitz | Posted 11.08.2015 | Green
Glenn Hurowitz

The idea behind these sustainable finance policies is that they're supposed to drive positive change in the industries that are hungry for bank loans or underwriting services. But in Goldman Sachs' case, its policies actually lag those of their customers.

Want to Grow the Economy? Time to Unleash the Devil.

Lynn Parramore | Posted 10.30.2015 | Business
Lynn Parramore

Adair Turner discusses his new book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance and the critical questions -- and radical solutions -- that can help lift the economy for everyone.

In The Land of Fairy Tales and Unicorns, Big Data Stands Tall

Yee Lee | Posted 10.29.2015 | Technology
Yee Lee

Where else but Silicon Valley do "Unicorns" munch lazily among Redwood cities, venture capitalists spout fountains gold promising everlasting returns, and entrepreneurial princes try their hand at pulling cash from stone.

How Women Can Take the Wheel and Set Their GPS Coordinates for The Top

Peyton Patterson | Posted 10.22.2015 | Women
Peyton Patterson

Women who aspire to hold leadership positions can exercise far greater control over career outcomes than they realize. While companies still have a long way to go in fostering diversity at the highest levels of management, the reality is there is never enough time in a boss' day to make you his/her highest priority. That task will always be left to you.

The Best Free Checking Accounts

MoneyTips | Posted 10.14.2015 | Business
MoneyTips

We hear ads for free or no-fee checking all the time, but are these accounts really free? There are four different account components to consider.

Wall Street Should Be Scared of the Blockchain

Brett King | Posted 10.13.2015 | Business
Brett King

Banking is predicated on a fairly simple premise that has given bankers and Wall Street operators the feeling of an exclusive, old boys club. Information scarcity and access to proprietary bank networks has made the operation of financial services a mysterious, yet defensible 'black box' capability.

Restoring Banking Integrity - 10 Reform Proposals

Frank Vogl | Posted 10.13.2015 | Business
Frank Vogl

Public trust in the biggest banks is low. I have 10 specific recommendations to cure the banks of their evil ways. Bankers will not like most of my proposals, but the time has come for radical reform.

Are Banks Open on Columbus Day 2015?

GOBankingRates | Posted 10.12.2015 | Business
GOBankingRates

Columbus Day is observed as a Federal Reserve Bank holiday, which usually means banking institutions are closed. Fortunately, some banks will keep their doors open during the holiday.

Colorado's Cannabis Industry Growing Pains Provide Lessons Learned for California

Fiona Ma | Posted 10.06.2015 | Politics
Fiona Ma

Nearly 20 years after California jump-started a national dialogue on medicinal cannabis, the Legislature and the Governor have succeeded in negotiating a set of new bills to bring law and order to the Wild West economy of legal cannabis in California.

Don't 'Pin' Card Safety Hopes on Static Technology

Frank Keating | Posted 10.02.2015 | Business
Frank Keating

You'd never know it in your daily life, but October 1 marks a milestone in improving the security of your credit and debit cards. Behind the scenes, a major shift is taking place that will improve the incentives of retailers and financial institutions to protect customer data.

Women in Business Q&A: Tina Fordham, Managing Director and Chief Global Political Analyst, Citi

Laura Dunn | Posted 10.02.2015 | Business
Laura Dunn

Tina Fordham is Managing Director and Chief Global Political Analyst at Citi. With Citi since 2003, Tina advises institutional investors and corporati...

A Picture Really Is Worth A Thousand Words: The Illustrations of John Holcroft

Michael Ernest Sweet | Posted 09.30.2015 | Arts
Michael Ernest Sweet

John Holcroft's work resonated with me immediately. I like art that tries to disturb and disrupt. Holcroft's illustrations would literally reach out a...

From Ben to Beneficial

Michael Brune | Posted 09.17.2015 | Green
Michael Brune

Without realizing it, many of us are helping out the giant corporations that want to extract and burn every last bit of coal, oil, and gas on the planet.

Twenty Years of Women's Financial Inclusion

Gayle Gatchalian | Posted 09.17.2015 | Impact
Gayle Gatchalian

The types of financial services that low-income women are able to access have also changed. In 1995, we were still promoting the idea that low-income women entrepreneurs were optimal loan clients. Today, financial institutions are offering savings, microinsurance, digital financial services to rural families, women who work in factories, and women who run larger businesses.

How to Protect Yourself From Card Skimming

MoneyTips | Posted 09.08.2015 | Business
MoneyTips

Choose ATMs wisely, assess them for any signs of tampering, and shield the PIN pad as you type your number. Those steps do not guarantee that your debit card information won't be compromised, but you can make it as difficult as possible for criminals. They are likely to move on to an easier target.

Credit Union 101: What's the Difference, and Why You Should Make the Switch!

Rachel Pross | Posted 09.04.2015 | Business
Rachel Pross

If you're wondering what the deal is or why you should make the switch from your big bank, you're already halfway to making a very smart decision.

"Business Judgment Rule" Protections Come With Requirements

Brad Reid | Posted 09.01.2015 | Business
Brad Reid

While there is a presumption that directors and officers act with due care on an informed basis in a good faith belief that their actions are in the best interest of the corporation, the presumption is not absolute.

Bank Tellers Deserve $15 an Hour, Too

Keith Mestrich | Posted 08.25.2016 | Impact
Keith Mestrich

Wages are not just line items on a budget -- they are the basis of people's livelihoods. It's time to face reality. Raising bank employees' wages will be good for them, New York state, New York City, our economy and our industry.

Startup Insider: Shopline CEO Raymond Yip - Helping Merchants Go Online in Asia

David Ongchoco | Posted 08.10.2016 | Business
David Ongchoco

Startup Insider is a series of articles with the goal of helping aspiring founders and entrepreneurs understand the ins and outs of starting a startup...

7 Smartest Moves to Make Before Interest Rates Rise

GOBankingRates | Posted 08.05.2016 | Business
GOBankingRates

By Barbara Friedberg, Contributor If you're interested in improving how you manage your finances, then you need to care about rising interest rates t...

Banking the Unbanked: A Win-Win Proposition

Fiona Ma | Posted 08.04.2016 | Politics
Fiona Ma

Federal financial laws have failed to keep up with the times and connect communities to much needed and deserved funding associated with the cannabis industry.