Teen banking firm Step announced on Thurs. (Feb. 25) that it has amassed over 1 million users since its launch four months ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Consumers’ shifting cash use has banks second-guessing the effectiveness of the strategies they use to support their ATM networks. In this month’s Digital-First Banking Tracker, PYMNTS spoke with Santander Bank’s Tamara Zaichkowsky on how turning to a cloud-based ATM-as-a-service model is helping the bank tap...
There are roughly 270 million people living and working in Indonesia today, roughly 92 million of whom do not have bank accounts. That leaves a little over a third (34 percent) of the nation’s population unserved by the banking system. It’s a reality that makes providing...
In today’s top news in digital-first banking, the central banks of China and the United Arab Emirates (UAE) are joining a digital currency initiative for cross-border payments, while the State Bank of India (SBI) is reportedly signing onto a blockchain network. Plus, Citibank has announced it...
Financial institutions (FIs) continue to confront one of the most significant upheavals in the banking industry’s history as they continue to grapple with the pandemic and its ensuing economic downturn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Citibank has announced that it is rolling out Citi Plus, its Hong Kong project which it recently brought out of beta, according to a press release. The company touts the project as a new way to get people into digital banking. Get the Full Story...
In today’s top news in digital-first banking, Wells Fargo announced that it has made a deal to sell its asset management business for $2.1 billion, while a Federal Deposit Insurance Corporation (FDIC) report discovered that bank profits fell 36.5 percent in 2020. Plus, Alkami Technology...
J.P. Morgan Chase is launching an investment product specifically to support Black-owned banks, Bloomberg reported. The financial services firm also made equity investments in four minority banks as part of a mission to reduce the racial wealth gap. Get the Full Story Complete the form...
U.S. bank profits fell 36.5 percent in 2020 compared to the previous year due to the large volume of money set aside to cover potential losses caused by the coronavirus pandemic, according to a report from the Federal Deposit Insurance Corporation (FDIC). Get the Full Story...
