A Discovery Bank client does not need to ask their banking app a question to get a financial recommendation. The app is already watching. It reads spending patterns, savings milestones and transaction activity and surfaces personalized next-best actions in real time, Microsoft reported. That continuous...
The bank app is no longer just a utility for checking balances or paying bills. Increasingly, it is becoming the control center for customer engagement, rewards visibility, spending management and card loyalty. Get the Full Story Complete the form to unlock this article and enjoy...
FIS has launched a new platform that enables banks to issue, manage and settle their own digital money while keeping those deposits on their balance sheet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Neobanks have spent the better part of a decade refining digital-first models and then attempting to transplant them into new markets—with at least some strategy that what works in in one geography would travel cleanly into another, as living life digitally is a global phenomenon....
Neobanks have spent years proving they could attract users. And now, there are indications that scale is translating into durable banking economics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Federal Reserve will have a third-party review the March 2023 collapse of Silicon Valley Bank, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Friday (March 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Digital bank users are not simply early adopters of new payment methods. They represent a distinct slice of the U.S. banking population, shaped by age, income, education and daily payment habits in ways that set them apart from customers of traditional banks. Get the Full Story Complete the form...
The 21st century has seen a shift in how nonbanks enter the financial system. 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...
Revolut has added Peru as the next stop in its ongoing Latin American expansion effort. 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,...
