More than 161 million U.S. consumers are expected to use digital channels for banking by the end of 2021, but financial institutions (FIs) with back-end systems that are not up to snuff can struggle to handle this colossal demand. In this month’s Digital-First Banking Tracker,...
It would be difficult to find something more universally hated among banking consumers than overdraft fees. 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...
In today’s top news in digital-first banking, Philip Drury has been chosen to lead an investment banking group for Citigroup that is focused on firms in telecom, data, entertainment, media and tech, while the United Kingdom is looking at the benefits of a so-called “Britcoin”...
After years of enjoying little to no competition, banks in Nigeria have reached out to the country’s regulators for help in dealing with encroaching FinTech firms, Bloomberg reported Tuesday (April 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Digital banking has hit new highs over the past year, with one study finding that 50 percent of consumers have used digital banking apps more than they did before the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Boston-based FinTech Circle has chosen New York City-headquartered Signature Bank to become its lead financial institution to hold reserve deposits, the firm announced in a Monday (April 19) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Philip Drury has been selected by Citigroup Inc. to head up a new investment banking group that has a concentration on firms in telecom, data, entertainment, media and tech, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Goldman Sachs backed British FinTech Starling Bank with £50 million in an oversubscribed Series D funding round that valued the startup in excess of £1.1 billion pre-money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Consumers take a somewhat binary view of the features and functions that come packaged as innovative: They either believe they solve a problem and embrace it, or they go somewhere else that offers those features and functions. Get the Full Story Complete the form to...
