This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13 percent of the country’s financial institutions were considered “high risk,” according to Bloomberg. Get the Full Story Complete the form to unlock this...
British bank TSB, on the heels of an IT disaster that saw its annual profits wiped out, recently dealt with an issue where customer payments didn’t come out on time, according to a report by the Financial Times. Get the Full Story Complete the form...
To provide shoppers with an eCommerce points redemption option, Capital One rewards cardholders will soon have the ability to redeem cash back as well as miles through Amazon. The company joins Citi, American Express, Chase and Discover in offering the option, CNBC reported. Get the Full Story Complete the...
Bank and credit card fraud losses are likely to reach $44 billion by 2025, and new fraud types — like attacks from false mobile banking apps — are cropping up more frequently. Both cybercriminals and financial institutions (FIs) are relying on one essential component to...
With more than 4.1 billion user credentials exposed in the first half of 2019 alone, financial institutions (FIs) are rushing to artificial intelligence (AI) to prevent fraudsters from using them. Yet, for fraud prevention, Scotiabank Executive Vice President Rania Llewellyn says banks must take a...
A catastrophic IT crash that affected 2 million customers at TSB and locked them out of their accounts last year was blamed on moving the banking technology to a new platform before it had been properly tested, according to a report by Reuters. Get the...
Payments credit union service organization (CUSO) PSCU has announced it will invest $100 million over the next few years to focus on improving solutions for the credit unions it serves around the country, according to a release. Get the Full Story Complete the form to...
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Ant Financial Services Group might apply for a virtual banking license in Singapore. 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....
