August 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in August.
USAA
USAA president and CEO Wayne Peacock to retire in 2025
Peacock joined USAA in 1988 and became its CEO in February 2020.
USAA hit with $140m fine from FinCEN for Bank Secrecy Act violations
USAA admitted to failing to accurately report in a timely manner thousands of suspicious transactions to FinCEN.
USAA Federal Savings Bank nabs new risk head from Citigroup
Neeraj Singh replaces retiring Torben Ostergaard.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
USAA customers to get $12m back for payment errors
Consumer Financial Protection Bureau also fines bank $3.5 million.
USAA and StreetShares join forces for SME lending
A six-month pilot to bring small business financing to US military veterans.
USAA begins testing AR-powered car-buying app
The app recognises cards and gives purchase info in real time.
More banks get mobile with Android Pay
Like an astute player of the Risk board game, Android Pay’s global expansion plans continue apace as it is working with several banks to let their customers add cards to its service from a mobile banking app. The latest banks include Bank of America, Bank of New Zealand, Discover, mBank and USAA. They follow on […]
USAA Bank enlists talking mobile banking app
US bank USAA Bank has adopted a mobile virtual assistant called Nina, developed by Nuance Communications, which lets customers interact with their bank account in novel ways that simulate a conversation with a real human.
