Banking

Banking
CFPB Lays Groundwork for Open Banking’s US Push
December 02, 2021

Open banking may have its roots across the pond, in the United Kingdom, but it’s fair to say the United States is quickly putting its own stamp on the practice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
As CFPB Blasts Unfair Overdraft Fees, Capital One Says It’s Eliminating Them
December 01, 2021

Well, that was fast. 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...

Banking
HSBC Adds Investing Feature for UK Customers
December 01, 2021

British bank HSBC on Wednesday (Dec. 1) added a function to its mobile app that will let people invest in a suite of funds for a minimum of 50 pounds ($66.62) in a move that’s aimed at younger people across the U.K. and pits HSBC...

Banking
Nubank’s Downsized IPO Sparks Questions About Neobanks, IPOs, Warren Buffett and More
November 30, 2021

For a company that had been growing by about $10 billion a quarter for most of this year, the Tuesday (Nov. 30) announcement that Nu Holdings, the parent of Brazil-based Nubank, is scaling back the size of its planned initial public offering (IPO) marked a...

Banking
Eliminating Overdraft Fees Isn’t Easy Fix for Banks, Customers
November 30, 2021

The holidays are firmly upon us, which means that the urge to spend is firmly entrenched as well, boosted by family gatherings and coming face to face with people you haven’t seen in person for months (and months). Get the Full Story Complete the form...

Banking
The Bank of London Opens Doors at $1B Valuation
November 30, 2021

The Bank of London is opening its doors on Tuesday (Nov. 30) as a new financial institution that aims to serve as the first purpose-built global clearing, agency, and transaction bank worldwide, according to a press release. Get the Full Story Complete the form to...

Banking
DeFi Opens New Possibilities for Banks Willing to Embrace Change
November 30, 2021

There are any number of ways to look at the emerging decentralized finance (DeFi) space, at least where banks are concerned. Some view it as an existential threat, while some believe that banks and DeFi can work together to create a new category of financial...

Banking
Indonesians Can Open Bank Account with GoJek App
November 29, 2021

Digital wallet GoPay is teaming with Bank Jago, the technology bank from Indonesia, to work on more streamlined digital banking to help the vast number of unbanked and underbanked people in the country, a press release says. Get the Full Story Complete the form to...

Banking
Regions Bank on How Embedded Payments Can Help FIs Capture Lasting Corporate Loyalty
November 25, 2021

Consumers’ positive experiences with new digital payment methods have them craving the same convenience for their businesses, and savvy banks are taking notice. In the Next-Gen Commercial Banking Tracker, Tim Mills, senior vice president of Emerging Payments at Regions Bank, explains how investing in embedded...