While APIs have played a critical role in enabling digital-first banking experiences, their rollout is not always smooth. A lack of standardization often poses obstacles to partnering banks and FinTechs. In this month’s Digital-First Banking Tracker, Christoph Berentzen, head of API banking at Commerzbank, discusses...
Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts. Allowing customers uninterrupted access to their online financial accounts and processing digital...
Welcome Technologies, which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services, according to a press release. Get the Full Story Complete the...
The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Financial institutions (FIs) have been scrambling to bring these services to web and mobile...
As the nation tiptoes toward phased reopenings and embraces a return to at least some life lived in physical spaces as the curve flattens, we’re unlikely to return to banking as it once was. Get the Full Story Complete the form to unlock this article...
The pandemic has accelerated the digital roadmap for everyone in financial services, giving rise to more innovation in the past few months than had been seen over the course of several years. Get the Full Story Complete the form to unlock this article and enjoy...
There is a long-running debate in the world of traditional banking when it comes to how to consider the recent rise of challenger banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The biggest reorganization in HSBC’s history could get even larger as more cuts are requested by the board following the economic fallout from the worldwide coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF). Banks...
