Banking

Banking
Today In Digital-First Banking: Better Eyes SPAC Deal; Revolut Bolsters Retail Features
May 11, 2021

In today’s top news in digital-first banking, Better has plans to go public by merging with a blank-check company, while Revolut debuted a wide range of features and offerings for retail customers. Plus, OCBC Bank said it is harnessing the Visa Commercial Pay Mobile solution...

Banking
Bankers Worried Over Credit Card Balances Paid In Full
May 11, 2021

Consumers are continuing the pandemic-fueled habit of paying off credit card balances, a practice that now has bankers more than a little worried, The Wall Street Journal reported Tuesday (May 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
FIs Leverage Digital IDs To Serve The ‘Always-On’ Consumer
May 10, 2021

It’s the one question that Matt Cole, CEO of Secure Enterprise Transactions at IDEMIA, told Karen Webster that his firm now increasingly hears from banks: How can financial institutions (FIs) cement trust with their customers in an automated fashion to enable digital-first experiences? Get the...

Banking
Today In Digital-First Banking: India’s Central Bank Leaves Crypto Decision To FIs; Citigroup Mulls Offering...
May 07, 2021

In today’s top news in digital-first banking, the National Payments Corporation of India (NPCI) won’t be blocking cryptocurrency trades, while Citigroup is looking into the rollout of services to support cryptocurrency. Plus, Kazakhstan is the latest nation to think about a possible central bank digital...

Banking
CFPB Looks Into US Bancorp’s Consumer Sales Practices
May 06, 2021

The Consumer Financial Protection Bureau (CFPB) is looking into some of U.S. Bancorp’s consumer sales practices, according to the financial services company’s 10-Q filed this week. U.S. Bancorp said in the filing that it has responded to the CFPB and continues responding to the Bureau....

Banking
A Bank By Any Other Name: FinTechs Spark Debate
May 06, 2021

While often referred to as a leading digital bank, Chime is not technically a bank and will no longer be referring to itself as one to appease a California regulator who took issue with FinTech’s loose use of the term. Get the Full Story Complete...

Banking
Today In Digital-First Banking: FIS, NYDIG Collaborate On Bitcoin; Zelle Processes $106 Billion In Q1
May 05, 2021

In today’s top news in digital-first banking, FIS is working with NYDIG on bitcoin, while Zelle processed 392 million transactions in Q1 2021. Plus, big banks in the U.S. are making moves to unload cash. Get the Full Story Complete the form to unlock this...

Banking
Jack Henry, Finicity Team On Open Banking For Community FIs
May 05, 2021

Payments processing services firm Jack Henry & Associates on Wednesday (May 5) announced a partnership with financial data provider Finicity, an arrangement the two companies say will give customers a greater picture of their financial well-being. Get the Full Story Complete the form to unlock...

Banking
The Real Reason Banks Miss Out On Millennial Insurance Sales
May 05, 2021

Talk about low-hanging fruit. Banks have an untapped sales opportunity right in front of them — one that leverages what they do best, with a product that almost everyone needs and with a captive audience that’s willing to listen. Get the Full Story Complete the...