Goldman Sachs has lowered employee compensation as it focuses more on offerings like the Apple Card to help it continue to grow revenue. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in financial institutions, many of which are scrambling to keep fraudsters out and bring customers back. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime, and fraudsters undoubtedly hope to...
The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Lax anti-money laundering (AML) systems have cost FIs more than $8 billion in fines this year alone — and maintaining compliance without compromising the user experience can be tricky, says Michael Bopp, chief customer engagement officer for Synchrony Financial. In the latest Digital Banking Tracker,...
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Barclays Bank is no longer going to let its customers withdraw cash from U.K. post offices beginning in January, and the decision has drawn the ire from Post Office officials as well as supporters of rural communities and elderly customers, who are generally more reliant...
A new technology division is being launched at Germany’s Deutsche Bank to restructure systems for simplicity and efficiency, Reuters reported on Monday (Oct. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
