Banking

Banking
Nationwide Building Society Customers Hampered by Payment Delays
December 21, 2021

British lender Nationwide Building Society said Tuesday (Dec. 21) that inbound and outgoing payments have been delayed all day, and there’s no sign of when the problems will be resolved, BBC News reported. Get the Full Story Complete the form to unlock this article and...

Banking
ING Says Au Revoir to French Retail Banking
December 21, 2021

Dutch financial services firm ING is leaving behind its French retail banking operations, a decision that may impact 460 workers, according to a Tuesday (Dec. 21) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
CHUCK Takes on Zelle With Alloy Labs, Payrailz Partnership
December 21, 2021

Community and midsize banking association Alloy Labs Alliance is launching CHUCK, an open network for instant payments to compete with Zelle, a payment network owned by the nation’s largest banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
UK Is Moving to Open Banking 3.0 — and It May Affect £7T in Payments
December 21, 2021

Interbank payments in the U.K., such as Bacs and the Faster Payments Service (FPS), used to pay wages, pay bills or transfer money to a friend, accounted for nearly £7 trillion in 2020. The U.K. is now planning to replace the underlying infrastructure for the...

Banking
Bank Independent on How Banks Can Tap an a La Carte Business Banking Model to...
December 21, 2021

The banking needs of most small- to medium-sized businesses (SMBs) typically aren't that complicated, as most want easy access to specific loan and payment tools, and 'a la carte' choices to fill in any service gaps. In the Next-Gen Commercial Banking Tracker, Bank Independent’s Kelly...

Banking
Revolut Bank Granted Full EU Banking License Amid Criticisms of Unfair Competition
December 20, 2021

Revolut Bank, part of the U.K. FinTech unicorn Revolut, has been granted a full banking license by the European Central Bank (ECB), the Bank of Lithuania (LB) recently announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Small Business Digital Banking Needs Best Served With ‘a la carte’ Services Powered by APIs
December 20, 2021

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...

Banking
FinTech Firm Avant Debuts Avant Banking
December 16, 2021

Avant, a FinTech focused on getting credit access for middle-income consumers, announced Thursday (Dec. 16) that is has expanded its portfolio with the launch of Avant Banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
20% of Consumers Are Very Interested in Switching Banks for an Open Banking Platform
December 16, 2021

Consumers crave the banking convenience provided by third-party portals and apps that offer connections between bank accounts and merchants.  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...