In today’s FinTech news, Chime’s move toward an initial public offering (IPO) has turned the spotlight on digital banking’s acceleration into the mainstream of financial services, and Latin America is seeing FinTech unicorns being funded. Plus, credit unions (CUs) are going after new customers, armed...
Open banking platform Tink is rolling out a new service in the U.K. that enables lenders to verify a person’s income using real-time data from their bank account, streamlining the entire verification process. Get the Full Story Complete the form to unlock this article and...
Digital bank Chime is reportedly prepping for an initial public offering (IPO) at a date to be determined. 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...
Companies want many of the embedded finance options that FinTechs offer, and APIs and open banking help banks give their corporate clients the best of both worlds. In the Next-Gen Commercial Banking Tracker, Bank of Montreal’s Sean Ellery explains how they’re using open banking APIs...
American banks closed a record number of retail branches as the industry consolidates and consumers embrace digital banking. 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...
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 agree to receive marketing communications from PYMNTS and...
Unit, a Banking-as-a-Service platform empowering companies to embed financial services into products, announced Thursday (Jan. 20) that it has debuted a new way to issue virtual cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
United Kingdom-based peer-to-peer (P2P) lender Zopa has hit 1 billion pounds ($1.36 billion) in customer deposits 18 months after becoming a bank, according to a company announcement emailed to PYMNTS on Wednesday (Jan. 19), noting it’s aiming to reach 2 billion pounds ($2.73 billion) in...
New York-based commercial bank Signature Bank on Tuesday (Jan. 18) unveiled the pricing for its underwritten offering of 2.1 million shares of common stock at $352 per share. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
