Banking

Banking
Sky’s The Limit For Cloud Computing
June 18, 2020

When Joni Mitchell wrote, “I’ve looked at clouds from both sides now …” she had no idea how popular the cloud would become 50 years later. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
Will Credit Sesame’s Digital Banking Push STACK Up?
June 17, 2020

The challenger bank space is having a bit of a moment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Banking
Monzo Sees 40 Percent Drop In Valuation In VC Deal
June 16, 2020

Online U.K. bank Monzo, fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation that is 40 percent lower than its valuation last year. Get the Full Story Complete the form to unlock this...

Banking
TikTok’s ByteDance Bids For Singapore Banking License
June 15, 2020

The owner of TikTok, the Chinese video sharing social network, is reportedly expanding into financial services with the family that owns OCBC Bank, the global financial services corporation headquartered in Singapore. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
FBI Issues Warning To Bank Mobile App Users 
June 12, 2020

As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Goldman Sachs’ Marcus Pauses Adding Some UK Accounts To Avoid ‘Ring Fencing’ Rules
June 10, 2020

Goldman Sachs’ consumer digital bank Marcus is facing a nice problem to have (at least on the surface) in Britain. News emerged Wednesday (June 10) that the unit isn’t taking any more applications for savings accounts because demand has been so high that the volume...

Banking
Goldman Closes Marcus UK To New Deposits Amid Savings Surge
June 10, 2020

A global savings surge amid the coronavirus lockdowns is forcing Goldman Sachs to shut off its Marcus savings accounts to new customers in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
Pandemic Leveling Playing Field Between Banks And FinTechs?
June 10, 2020

The battle between traditional financial institutions (FIs) and tech-nimble FinTech challengers has been a pitched one. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Banking
Digital Banks Solid In Latest Provider Rankings
June 10, 2020

App-based digital challenger banks have been solidifying and expanding customer bases ever since COVID came to town. And while PYMNTS’ latest Provider Ranking of Digital Banking Apps shows consistency at the top, brands are vying for position in the new digital banking boom. Get the...