Banking

Banking
Volt Exits Banking Sector; Will Return License, Funds 
June 29, 2022

Australian challenger bank Volt is returning more than $100 million to its estimated 6,000 customers next week and handing its banking license back to regulators after the FinTech startup failed to raise enough capital to keep growing. Get the Full Story Complete the form to...

Banking
Embedded Finance Puts Banks, FinTechs on Equal Footing
June 29, 2022

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Banking
Goldman’s Ability to Absorb Losses at Marcus Unit Keeps Neobanks on Edge
June 28, 2022

There’s an old saying in the newspaper business: 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 completing this form, you...

Banking
The Bank of London to Integrate SAP Fioneer’s Cloud for Banking Platform
June 28, 2022

The Bank of London announced Tuesday (June 28), that it will integrate SAP Fioneer’s Cloud for Banking platform (C4B) into the Bank of London API. The news sets the stage for an anticipated launch of the new clearinghouse on the global stage in October. Get...

Banking
DIFC Selects Tarabut Gateway for MENA’s First Open Finance Lab Partner 
June 28, 2022

The Dubai International Financial Centre (DIFC) has chosen the open banking platform Tarabut Gateway as the preferred technical platform partner for its new Open Finance Lab, formally launching Tuesday (June 28), according to a press release.  Get the Full Story Complete the form to unlock...

Banking
PYMNTS Intelligence: How Financial Literacy Affects Consumers’ Digital-First Banking Preferences
June 28, 2022

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Banking
EU FinTechs, Central Bank of Ireland Take On IBAN Discrimination
June 28, 2022

The Central Bank of Ireland recently announced that it was writing to all Regulated Financial Service Providers in the country, as well as a range of business and professional representative bodies, to remind firms of their obligations to prevent IBAN discrimination. Get the Full Story...

Banking
UK Digital Bank Kroo Granted Banking License
June 27, 2022

U.K. digital bank Kroo has been granted a full banking license by the Bank of England, the bank announced Monday (June 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
June 27, 2022

A courtroom verdict in  Switzerland is signaling that banks will be under increasing scrutiny for the acts they take and have taken, to combat fraud — stretching back over decades. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...