A Xiaomi Inc.-backed Chinese online bank is gearing up to launch soon following on the heels of establishing the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Turns out, it’s not only big U.S. banks that are charging their customers fees. According to a Pew Charitable Trusts study, small banks are guilty as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Goliath, meet David … the digital version of David in the banking world, that is. The December edition of Digital Banking Tracker™ features an interview with Chris Britt, CEO of Chime, who discusses how mobile-first companies are benefiting from consumer frustrations with traditional banks. Plus,...
Atom Bank, among the U.K.’s first banks built exclusively for mobile, provided an update on business since launching in April of this year and becoming fully operational as of October, saying in a press release the company has deposits that exceeded £110 million across its Fixed Saver...
Overdraft fees are big business for banks in the U.S., with the Pew Charitable Trust finding the top banks charged a combined $11.6 billion in overdraft fees and insufficient fund fees last year. Get the Full Story Complete the form to unlock this article and...
Exercising and making healthier choices are at the top of many people’s New Year’s resolutions. But staying financially healthy can be an equally important goal. The December edition of the Digital Banking Tracker™ details how financial institutions are working to help their consumers stay in good fiscal...
Embattled Wells Fargo announced Friday (Dec. 16) retail banking customer activity data for November showed total branch interactions were down 5 percent when compared to October and down 3 percent year over year. Get the Full Story Complete the form to unlock this article and...
Which?, the research firm, has found that U.K. bank HSBC has closed more than a quarter of its branches in its hometown during the course of the last two years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Consumer Financial Protection Bureau said Wednesday (Dec. 14) that fees and risk can be hallmarks of college-sponsored financial products. In a new report analyzing 500 marketing pacts that exist between schools and banks, the bureau stated that it “found that many deals allow for...
