Banking

Banking
Today In Digital-First Banking: Better To Acquire UK’s Trussle; Grunberg To Head Innovation, Strategic Partnerships...
July 13, 2021

In today’s top news in digital-first banking, Better will be purchasing Trussle, while Carol Grunberg has been named head of Strategic Partnerships and Innovation for Citi’s treasury and trade solutions (TTS) unit in its Institutional Clients Group. Plus, Computer Services Inc. (CSI) launched its CSI...

Banking
‘Death By A Thousand FinTech Cuts’ Is A Risk Big Banks Cannot Ignore Forever
July 12, 2021

It will be a big week for bank earnings data as JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, Wells Fargo, Morgan Stanley and U.S. Bancorp will all be releasing their Q2 earnings reports. And, according to reports, expectations are high for a bottom-line bounce. While this...

Banking
JP Morgan, Goldman Q2 Earnings Will Offer Fresh Insight On Consumer, Business Sentiment And Spending
July 12, 2021

The dog days of summer are here, and with them, earnings season heats up. 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...

Banking
Today In Digital-First Banking: Consumer Demand For Credit Cards, Loans Soars In April; Swift Eases...
July 09, 2021

In today’s top news in digital-first banking, U.S. consumers seem to be regaining their appetite for auto loans and leases, while SWIFT rolled out a service that lets banks check a recipient’s account information prepayment. Plus, the Visa U.S. Spending Momentum Index (SMI) registered a June...

Banking
China’s Central Bank Wants To Help SMBs Borrow
July 09, 2021

The People’s Bank of China said Friday (July 9) it was taking measures that would help commercial banks lend more money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Today In Digital-First Banking: CheckAlt, LEVERAGE Collaborate On CU Loan Repayment; Cross River Bank Reportedly...
July 08, 2021

In today’s top news in digital-first banking, CheckAlt is collaborating with LEVERAGE Payment Solutions to take on the challenges in supporting indirect loans, while Cross River Bank is reportedly in early discussions with potential suitors about raising roughly $200 million. Plus, Wells Fargo is reportedly...

Banking
Wells Fargo Pulls Plug On Individual Credit Lines
July 08, 2021

Wells Fargo is closing down personal credit lines as the bank moves to drop the banking product, CNBC reported on Thursday (July 8), citing letters the news outlet reviewed that were sent to customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
Today In Digital-First Banking: Blend Labs Could Raise $360 Million In IPO; Flexa, InComm Collab...
July 07, 2021

In today’s top news in digital-first banking, Blend Labs Inc. intends to go public, while InComm Payments says it is working with Flexa to provide clients with a simpler way to accept digital currency. Plus, The European Commission is looking to create a new Anti-Money...

Banking
UK Regulators Targeting Diversity Improvements In Financial Services
July 07, 2021

A lackluster economy that’s still recovering from the COVID-19 pandemic isn’t the only issue plaguing the U.K. financial sector these days. Recently, regulators pointed to diversity and inclusion in the space as a serious problem that needs to be addressed — and they offered a...