Digital Banking

Digital Banking
Revolut Rescinds Job Offers to New Grads as it Reviews Operations
September 07, 2022

Revolut is pulling job offers extended to new graduates as the challenger bank continues auditing its operations and picking through the numbers as part of an in-house review codenamed “Project Prism.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
UK Regulators Scrutinize Revolut After Finding Audit Flaws
September 05, 2022

Revolut is being pressured to improve its internal controls for financial reporting, after the U.K.’s Financial Reporting Council said the FinTech’s audits were flawed and had a high risk of “misstatement,” the Financial Times reported Monday (Sept. 5). Get the Full Story Complete the form to...

Digital Banking
EU Digital Wallets Take On Global Card Networks, Strive for Interoperability
September 05, 2022

Interoperability has long been a guiding principle for the European payments ecosystem. 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...

Digital Banking
Balance Money Debuts Digital Banking Service
September 01, 2022

Balance Money has rolled out a digital banking service, to help offer financial insights geared to younger customers, a press release said Thursday (Sept. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Digital Banking
Following Other Online Providers, Affirm Boosts APY on Savings Accounts
September 01, 2022

Affirm has announced that its savings accounts now offer an annual percent yield (APY) of 1.5%, noting that’s 11.5 times the national average. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
Grab- and Singtel-Backed GXS Launches Digital Bank in Singapore
August 31, 2022

GXS Bank, which is backed by Southeast Asian super app provider Grab and Asian communications technology group Singtel, has launched a digital bank for consumers and businesses in Singapore. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
Carbon Trackers, the Next Big Thing in European Banking Apps
August 30, 2022

When considering tools to help reduce their carbon footprint, few people will immediately think of their mobile banking app. And yet, a growing number of European banks are introducing features that allow users to monitor the carbon emissions their spending generates. Get the Full Story...

Digital Banking
BofA to Expand Digital Banking Tools to Meet Growing Customer Demand
August 25, 2022

After seeing a record number of consumers logging into digital channels during the month of July and the second quarter, Bank of America is planning to boost its spending on technology to further expand its electronic banking tools.  Get the Full Story Complete the form...

Digital Banking
FinTech Banks Fill SME Funding Gap Created by Russia-Ukraine Conflict
August 22, 2022

In the post-Brexit scramble to maintain their European footholds and take advantage of European passporting rules, a slew of U.K. businesses turned to FinTech-friendly Lithuania, catapulting the small Baltic state and its capital city, Vilnius, into a leadership position on Europe’s FinTech scene. Get the...