Banking

Banking
UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
April 12, 2023

As of January this year, about 10% of U.K.’s population is using open banking services. The number of active users crossed the 7 million mark around the same time the country celebrated the fifth anniversary of adopting open banking regulation. Get the Full Story Complete the form to unlock...

Banking
Smaller Banks Join Growing Roster of FIs Readying for FedNow’s Launch
April 12, 2023

The list of financial institutions — smaller banks among them — readying for real-time payments grows longer. 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...

Banking
UK Considers Speedier Depositor Payouts and Other Deposit Protections
April 12, 2023

The United Kingdom is considering changes around deposit insurance, especially in smaller banks. 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....

Banking
Banks That Backed First Republic Set Aside $100 Million Reserves
April 12, 2023

America’s biggest banks are reportedly setting aside cash in anticipation of first-quarter losses. 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....

Banking
Open Banking and Machine Learning Aid the Battle Against False Declines
April 12, 2023

Elizabeth Graham, product manager at Entersekt, said false declines carry significant risks for banks and merchants, where consumer loyalty is critical. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Big Banks Earnings Projected to Show $100 Billion in Withdrawals
April 11, 2023

America’s banking giants are expected to reveal a huge outflow of cash in the days ahead. 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...

Banking
‘Critical Audit Matters’ Standard Failed to Highlight Bank Risks
April 10, 2023

The “critical audit matters” standard reportedly failed to catch key issues in the recent bank failures. 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...

Banking
Lawmakers Ask If Silicon Valley Bank Depositors Received Personal Perks
April 10, 2023

Two lawmakers are asking Silicon Valley Bank depositors if their executives received personal perks from 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. yesSubscribe to our...

Banking
Bank Liquidity May Be Squeezed by Drop in Loan Market Value
April 07, 2023

Banks’ market-value losses on loans have reportedly been rising along with interest rates. 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....