October 04, 2024
Fifth Third: Banks Emerge as Vital Partners in Navigating Healthcare’s...
The healthcare landscape is as complex and slow moving as it is vital. But in an industry notorious for its slow tech adoption, healthcare providers are being pushed to overhaul...
October 04, 2024
FinTech IPO Index Sinks 6.3% as Asia Soars but BNPL...
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of...
October 03, 2024
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
CVS Health is reportedly considering a possible breakup of its business, exploring options that could involve separating its retail and insurance divisions, according to sources cited by Reuters. The move...
October 03, 2024
FDIC: High-Touch Beats High-Tech in Small Business Lending
In small business lending — regardless of the size of the bank doing the lending itself — a high-touch approach and in-person visits to the branches are “key conduits” for...
October 02, 2024
Can CVS Health’s Strategic Overhaul Revitalize Its Market Position?
In the high-stakes world of healthcare retail, CVS Health finds itself at a crossroads, navigating turbulent waters amid investor pressures and a stock price that seems to be on a...
October 01, 2024
Report: Hospitals Turn to Litigation Financing as Insurance Payouts Slow
Thanks to a growing number of healthcare lawsuits, litigation financers could see new demand from hospitals, Bloomberg said in a Tuesday (Oct. 1) report. The litigation finance industry is worth...
October 01, 2024
CFPB Targets Double Billing in Medical Debt Collection
The Consumer Financial Protection Bureau (CFPB) is targeting illegal practices among medical debt collectors. The practices include “double-dipping” to get paid for services covered by insurance, harassing consumers to pay...
October 01, 2024
Fed Terminates Decade-Old Money Laundering Enforcement Action vs Citigroup
The Federal Reserve has terminated a decade-old enforcement action against Citigroup that focused on deficiencies tied to the banking giant’s anti-money laundering (AML) practices. On Oct. 1, the central bank...
October 01, 2024
Senators Introduce Bill to Strengthen Cybersecurity in Healthcare
In a significant move to enhance cybersecurity across the healthcare sector, Senators Ron Wyden (D-Ore.) and Mark Warner (D-Va.) have introduced the Health Infrastructure Security and Accountability Act. According to...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Three-quarters of consumers who’ve purchased insurance from their bank want to buy more. But here’s the rub: Many bank customers are unfamiliar with their bank’s insurance offerings. PYMNTS Intelligence’s latest report, “Increasing Enthusiasm: The Effects of Purchasing Bank-Provided Insurance,” a collaboration with Franklin Madison, makes the case in five charts why banks would be well served to boost awareness of their insurance offerings.