In the rise of the platform economy, the super app looms large. The lines between services and brands that once were simple and well-defined — that Amazon is simply an eCommerce retailer, that Walmart is simply a retail behemoth or telecoms only provide phone service...
London FinTech and digital bank Revolut is introducing daily interest on Savings Vaults for standard plan users, with no fees or minimum balance requirements, the company said in a press release emailed to PYMNTS on Friday (July 23). Get the Full Story Complete the form...
Banks have a natural advantage when it comes to offering their customers insurance products. According to Cover Genius’ Vice President Strategic Partnerships, EMEA Daniel Poole, since consumers are already used to having their banks be the financial hub for all of their transactions, this relational...
In today’s top news in digital-first banking, PSCU has appointed two financial services industry veterans to its board, while Square has launched its Square Banking offering to help small business owners manage their cash flow. Plus, Revolut is moving into travel with a new tool...
Digital banking platform HMBradley is moving its checking account to invite-only, a press release says. 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,...
Business banking is being reimagined by FinTechs, in an interconnected way – one that, conceptually, creates a one-stop shop for enterprises to accept payments, interact with supply chains and tap working capital in order to finance growth. Get the Full Story Complete the form to...
In today’s top news in digital-first banking, banks expect having higher expenses and lower revenue, while U.S. Treasury Secretary Janet L. Yellen is convening financial markets advisers and watchdogs to talk about stablecoins. Plus, Enterprise Financial Services Corp. announced that its acquisition of First Choice Bank...
Valuation is a curious business. A company goes and raises capital — to grow, to invest, to put in the till for the proverbial rainy day — and with that capital comes an implied “worth” of the company in question. The higher the worth, rendered...
In today’s top news in digital-first banking, Blend Labs, Inc. launched its initial public offering (IPO), while the People’s Bank of China (PBOC) is examining use of the digital yuan for cross-border payments. Plus, United Community Banks and Reliant Bancorp are merging in a $517 million...
