Citigroup veteran Jane Fraser was named to lead the company’s consumer banking division following an upheaval in the ranks that puts her next in line to become the chief executive officer (CEO), The Financial Times reported on Thursday (Oct. 24). Get the Full Story Complete...
New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments are evolving there can offer lessons for the rest of the globe, along with glimpses of how the relevant technology might play out...
Barclays revealed that it will not withdraw from a partnership that allowed customers to withdraw cash at branches of the U.K. Post Office. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Carlos Costa, the head of the Bank of Portugal and member of the European Central Bank (ECB) board, said banks are going to have to be nimble and fast reacting if they want to stave off competition from FinTechs and digital banking apps. Get the...
McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. But merchant services programs can offer a way for...
Spanish lender Santander is planning to launch an online deposit platform in the U.S., the Financial Times (FT) reported on Sunday (Oct. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Swiss banks are going to start charging their millionaire customers to store money, according to a report by CNN. 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...
Online banking startup Chime has been hit with an outage that has left its 5 million customers with no access to their money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
