Chime is holding early talks with investment banks on a new stock market flotation, which could value the startup at over $30 billion, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
British FinTech company Revolut announced this week it would suspend its Canadian operations, 18 months after launching a beta version of its platform in that country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In today’s top news in digital-first banking, PSCU has introduced a new contact center offering, while Blend has signed a definitive deal to buy Title365. Plus, Novo has launched new functions to help small companies throughout the U.S. to better track and manage their funds....
The United Kingdom’s Financial Conduct Authority (FCA) announced Tuesday (March 16) it had commenced criminal proceedings against National Westminster Bank Plc (NatWest) for violation of money laundering regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
FinTech platform upSWOT, which works to help financial institutions service small- to medium-sized businesses (SMBs), has come off a seed round with $4.3 million, a Monday (March 15) press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Banks set aside billions of dollars to cover expected losses due to the economic collapse triggered by the pandemic. But the worst-case scenarios did not materialize, which means some of that cash can now be turned into profits, The Wall Street Journal reported on Monday...
First Digital Bank, which is the first digital Israeli bank to launch since 1978, has begun trial operations as of Sunday (March 14), Reuters reported. The bank will be open to the public later this year. Get the Full Story Complete the form to unlock this...
In today’s top news in digital-first banking, LendingClub reported as part of its fourth-quarter financial results that originations increased 56 percent quarter over quarter, while NTT DATA is providing a new digital banking platform. Plus, Shinhan Bank has built out a pilot program for a...
NTT DATA, based in Tokyo, is offering a new digital banking platform that the company said will help established financial institutions (FIs) “address transformation challenges with their legacy technology and to launch new services” more quickly. Get the Full Story Complete the form to unlock...
