Open banking is synonymous with innovation in the banking sector and especially in the payment industry. 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...
Citi will get out of the consumer, small business and middle market banking operations of Citibanamex to help focus more on other areas, the company announced Tuesday (Jan. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Bank of America will be debuting significant changes to its overdraft services, which will include plans to do away with non-sufficient fund (NSF) fees as of February and to cut overdraft fees from $35 to $10 as of May. Get the Full Story Complete the...
Standard Chartered Plc will close about half of its Nigeria branches as the company emphasizes digital banking, people familiar with the matter told Bloomberg for its report Monday (Jan. 10), starting with some office closures in December and leaving the London lender with 13 branches when...
New rules that govern digital banks in Turkey went into effect on Jan. 1, Mondaq.com reported. 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...
The biggest Wall Street banks are set to report new record profits in 2021, due to bumper investment banking fees and less-than-expected losses on loans, the Financial Times (FT) reported Saturday (Jan. 8). Get the Full Story Complete the form to unlock this article and...
The Bank of Tanzania (BoT) in East Africa is planning to launch its new payment system in February following a successful pilot program with banks and mobile operators that began in June of last year, according to The Citizen on Friday (Jan. 7). Get the...
Despite the legal and pandemic-related business challenges that have plagued neobanks in the United Kingdom in recent months, the challenger bank space in Europe is showing huge potential for 2022 as investor and customer interest continues to grow. Get the Full Story Complete the form...
About 1.4 million identity theft incidents were logged by the Federal Trade Commission in 2020, a figure that’s more than double the thefts from the year before. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
