In today’s top news in digital-first banking, Oxygen has completed a $17 million Series A funding round, while SVB Financial Group plans to acquire Boston Private Financial Holdings. Plus, China’s Banking and Insurance Regulatory Commission (CBIRC) is moving to build up at-risk rural banks. Get...
The U.S. Office of the Comptroller of Currency has stated that national banks and federal savings associations can participate in independent node verification networks (INVNs) and use stablecoins for payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
One could say that the payments industry hasn’t ever met a buzzword it doesn’t like – or pass up an opportunity to take one or two words, throw in a properly placed hyphen in between “at a service” and create one. Get the Full Story...
The financial services ecosystem has evolved to a state where traditional financial institutions (FIs) and FinTechs, which once had been vying for the mind share and wallet share of end consumers, are now working more closely in an effort to innovate. To that end, Carl Robinson,...
Wells Fargo, despite not being generally perceived as a leader in the world of trading and dealmaking, will push more to boost its investment bank this year, under a strategy from new CEO Charlie Scharf, Bloomberg reports. Get the Full Story Complete the form to...
In today’s top news in digital-first banking, the United Kingdom might increase its limit on contactless payments, while The Bank of Jamaica has drafted regulations for the nation’s ePayments sector. Plus, banks could withhold stimulus checks to cover overdraft fees, although some larger financial institutions...
Diem may be a shadow of what some proponents promised it would be back in 2019 — namely, a seismic shift for the monetary system itself. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Here’s another icy factoid from the year of COVID: up to 20,000 bank branches are expected to close before the pandemic is declared done. It’s triggered a remaking of the entire sector. Get the Full Story Complete the form to unlock this article and enjoy...
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