In today’s top news in digital-first banking, banks expect having higher expenses and lower revenue, while U.S. Treasury Secretary Janet L. Yellen is convening financial markets advisers and watchdogs to talk about stablecoins. Plus, Enterprise Financial Services Corp. announced that its acquisition of First Choice Bank...
In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Dan Holt, co-founder and...
Banks are forecasting higher expenses and lower revenue amid a continued slowdown in lending as they scramble to fend off FinTech rivals and stay ahead of technology, Financial Times reported on Monday (July 19). Get the Full Story Complete the form to unlock this article...
Valuation is a curious business. A company goes and raises capital — to grow, to invest, to put in the till for the proverbial rainy day — and with that capital comes an implied “worth” of the company in question. The higher the worth, rendered...
In today’s top news in digital-first banking, Blend Labs, Inc. launched its initial public offering (IPO), while the People’s Bank of China (PBOC) is examining use of the digital yuan for cross-border payments. Plus, United Community Banks and Reliant Bancorp are merging in a $517 million...
Toronto-Dominion Bank (TD) was hit by digital outages linked to a service provider issue that impacted U.S. customers and employees only, according to a Reuters report Thursday (July 15). Customers also said on Twitter that there were direct deposit delays, but the Canadian bank tweeted...
In today’s top news in digital-first banking, Revolut notched $800 million at a $33 billion valuation, while Transcard launched a Smart Disburse product for companies, banks and FinTechs. Plus, the European Central Bank (ECB) has started the investigation phase of its digital euro program. Get...
In today’s top news in digital-first banking, Railsbank notched $70 million as it keeps growing its FinTech-as-a-Service platform on an international scale, while N26 is reportedly in fundraising talks that would value the firm at between $8 billion and $11 billion. Plus, FinTech Propel launched...
Citi Treasury and Trade Solutions (TTS) Latin America has rolled out its Citi Digital Account to help institutional clients digitize their banking experiences, eliminating the need for wet-signed signature cards, checkbooks or manual transactions, according to a press release. Get the Full Story Complete the...
