In today’s top digital-first banking news, Revolut Business is launching quick-response (QR) codes to facilitate socially distanced payments, while SeedFi has notched $65 million in funding. Plus, an official with the Boston Fed anticipates the economy gaining momentum in the second half of this year....
Digital-first is the mantra of the moment in commerce. Payments are being reconfigured and rewired, creating commerce ecosystems that move with consumers across channels. In a sense, the industry is witnessing a head-to-head matchup amid the scramble to digital-first on a crowded field. Get the...
In a mid-January conference call with analysts, J.P. Morgan Chase CEO Jamie Dimon told analysts that his firm, and other banks, should be scared “s—tless” by FinTechs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In today’s top digital-first banking news, Carol Nelson will head up American expansion for Monzo as its first female chief executive, while Figure is launching a special purpose acquisition company (SPAC) to raise $250 million. Plus, Opportunity Financial (OppFi) has entered into an agreement with...
In today’s top digital-first banking news, BNY Mellon is introducing a new division focused on advancing the growth of bitcoin, crypto and other digital assets, while Sweden’s Northmill Bank has carried out a capital round. Plus, Corporate Spending Innovations (CSI) has collaborated with Bank of the West...
Stockholm-based Northmill Bank has pulled in 250 million in Swedish krona (about $30 million). The financial technology company (FinTech) said in a press release that “the new capital will be used for continued geographical expansion and to accelerate the development of new products.” Get the...
Going global isn’t as easy as setting up an eCommerce site and waiting for the orders to come in. It requires compliant and complex banking relationships. As Monneo Managing Director Lilia Metodieva told PYMNTS, virtual IBANs can facilitate the secure global movement of money.
The digital-first economy doesn’t have a monopoly on digital-first phrasing. For example, ask the cable or network programming engineer about “multichannel,” and he or she will have a very different answer than a retailer. Ask someone in the public transportation business about hyperlinks, and the...
In today’s top digital-first banking news, Klarna is now offering consumer banking accounts in Germany, while PSCU will offer a new installment payments offering in the near future. Plus, Nymbus has raised $53 million in a Series C funding round. Get the Full Story Complete...
