India Post Payments Bank (IPPB) is set to open a branch in every district on Aug. 21 to provide financial services in rural areas. IPPB, a subsidiary of India Post, launched last year with pilot services in Raipur and Ranchi. The financial institution (FI) is...
Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company used. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Deutsche Bank, more than a year after being hit with a fine of close to $700 million for enabling money laundering, has discovered more issues in its ability to completely identify clients and where their money is coming from. Get the Full Story Complete the...
U.K. financial institution Lloyds was criticized by lawmakers Monday (July 30) over its program to compensate small business victims of fraud related to the bank’s HBOS unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Cabot Square Capital, a U.K. financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to Banco CTT, the bank run by Portugal’s privatized national postal service. Get the Full Story Complete the form to unlock...
Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further improve the cross-border payments experience for multi-banked corporates. Get the Full Story Complete the form to unlock this article and...
Execution is competitive advantage in corporate payments. Data is the key to execution, where context matters, too. IGTB EVP Michel Jacobs tells PYMNTS’ Karen Webster that “why” matters just as much as “how much” and “where” – and machine learning and AI can help banks...
Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market....
