Banking industry upstart Revolut Bank said Thursday (March 4) that it has rolled its services out to 10 more European countries. The London-based company said customers in those countries can now benefit from its “European specialised banking license” that includes “a deposit-guarantee scheme,” Revolut said...
In today’s top news in digital-first banking, PNC Bank has joined The Clearing House’s CHIPS network, while the U.K.’s Financial Conduct Authority (FCA) is increasing the limits on contactless payments. Plus, Xendit has raised $64.6 million in a Series B funding round. Get the Full Story Complete...
Operations were frozen at Greensill Bank after Germany’s Federal Financial Supervisory Authority (BaFin) filed a criminal complaint against the financial startup, the Financial Times reported on Wednesday (March 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The digital shift has spurred a mass epiphany about physical bank branches. 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 Today. By...
Square gets a bank – and so, now what? It may be the case that the proverbial floodgates have opened for FinTechs to leverage what we might think of as the “industrial bank” operating model, in order to meld digital-first operations with traditional banking services. Get...
The pandemic has quickly pushed the payments world toward the direction of “hands-off.” The rise of contactless payments and digital banking will attest to that. But that doesn’t mean banks can leave consumers to figure out their financial lives on their own. In fact, the...
The biggest German lenders, Deutsche Bank and Commerzbank, are shying away from larger deposits, according to The Wall Street Journal (WSJ) on Monday (March 1), as they try to avoid negative interest rates. Get the Full Story Complete the form to unlock this article and...
Square is now operating its state-chartered industrial bank, Square Financial Services, in Utah after the state’s Department of Financial Institutions gave it the green light, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and...
Treasurers met the immediate disruption of the global pandemic last year with a sudden demand for digital solutions from their banks. The name of the game was resiliency, and digital, cloud-based solutions became lifelines for finance leaders working to promote business continuity amid remote workforces,...
