Banking

Banking
Why Banks Must Embrace End-to-End BaaS As The Invisible Engine of Innovation
April 17, 2021

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...

Banking
Consumer Spending, Low Credit Card Delinquencies Lifts Big Bank Earnings
April 15, 2021

If there’s one universal theme thus far across bank earnings, across banks large and small, investment banking juggernauts and more retail-oriented firms … it’s that the consumer has remained remarkably resilient. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
Study: Many Consumers Will Buy Insurance From Their Bank If Offered The Option
April 15, 2021

Would it surprise you to learn that Gen Z consumers — the oldest of whom turn 24 this year — are the most likely of all demographic groups to seek information on life insurance? Coming out of the COVID-19 episode, few things are truly surprising...

Banking
German Neo Bank N26 Gets Ready To Take On Big Insurance
April 15, 2021

German digital bank N26 is getting into the insurance business and has its sights set on tackling some of the industry’s biggest players, CNBC reported on Tuesday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Today In Digital-First Banking: CitiConnect Processes 1 Billion Calls Since Rollout; NY Fed: Consumers Bolster...
April 13, 2021

In today’s top news in digital-first banking, Citi announced that its application programming interface (API) connectivity platform has processed more than 1 billion API calls since its 2017 launch, while consumers increased their expectations for spending, inflation and home prices. Plus, Mastercard and Doconomy have...

Banking
Digital Bank Brings Special Treatment To Debt-Strapped Doctors
April 13, 2021

Physician, heal thyself — financially. Student debt in times of financial stress can be a crushing burden. That’s especially true for individuals who have chosen careers in the medical profession, where the average medical school debt can top more than $215,000. Get the Full Story...

Banking
Fed Data Shows Big Banks’ Loan-to-Deposit Ratio At 36-Year Low
April 12, 2021

The Federal Reserve’s latest weekly survey showed that the 25 largest banks in the U.S. reduced their loan-to-deposit ratio to 53.9 percent, the lowest in the 36 years that the data has been collected, Bloomberg reported on Monday (April 12).  Get the Full Story Complete...

Banking
CitiConnect API Has Processed 1 Billion Calls Since Launch
April 12, 2021

Citi announced on Monday (April 12) that its application programming interface (API) connectivity platform has processed over 1 billion API calls since launching in 2017. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
TrueLayer CEO: Merchants Will Lead Open Banking Payments To Ubiquity
April 12, 2021

All revolutions have leaders. But what about the open banking revolution — the one across the pond in the U.K.? Well, that’s going to be led by the merchants, as Francesco Simoneschi, co-founder and CEO of TrueLayer, told PYMNTS’ Karen Webster in a recent interview....