More than 161 million U.S. consumers are expected to use digital channels for banking by the end of 2021, but financial institutions (FIs) with back-end systems that are not up to snuff can struggle to handle this colossal demand. In this month’s Digital-First Banking Tracker,...
It would be difficult to find something more universally hated among banking consumers than overdraft fees. 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...
In today’s top news in digital-first banking, Philip Drury has been chosen to lead an investment banking group for Citigroup that is focused on firms in telecom, data, entertainment, media and tech, while the United Kingdom is looking at the benefits of a so-called “Britcoin”...
Digital banking has hit new highs over the past year, with one study finding that 50 percent of consumers have used digital banking apps more than they did before the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Goldman Sachs backed British FinTech Starling Bank with £50 million in an oversubscribed Series D funding round that valued the startup in excess of £1.1 billion pre-money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
German digital bank N26 is getting into the insurance business and has its sights set on tackling some of the industry’s biggest players, CNBC reported on Tuesday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In today’s top news in digital-first banking, Citi announced that its application programming interface (API) connectivity platform has processed more than 1 billion API calls since its 2017 launch, while consumers increased their expectations for spending, inflation and home prices. Plus, Mastercard and Doconomy have...
Physician, heal thyself — financially. Student debt in times of financial stress can be a crushing burden. That’s especially true for individuals who have chosen careers in the medical profession, where the average medical school debt can top more than $215,000. Get the Full Story...
In today’s top news in digital-first banking, Plaid has raised $425 million via a Series D funding round, while PSCU has expanded its reach in Hawaii. Plus, Brink’s has acquired PAI for $213 million. Get the Full Story Complete the form to unlock this article...
