Hong Kong has issued its first digital banking licenses, in a move toward strengthening the city’s financial sector, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. Get the Full Story Complete the form to unlock this article...
The Mexican government wants local banks to do more to help the millions of unbanked citizens in the country. 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...
The percentage of unbanked people in the U.S. recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. underscores the fact that tens of millions of U.S. households remain unbanked. Get the Full Story...
Is there a right way and wrong way to innovate? 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. By completing this...
As BBVA Executive Chairman Carlos Torres seeks to ease the concerns of retail investors, the company official said it could take months to complete an inquiry into alleged spying involving the bank. Torres also said the bank would cooperate with judicial officials, while he thanked Francisco...
U.S. Representative Maxine Waters (D-CA) called for Wells Fargo CEO Tim Sloan to step down from his job after it was revealed that he received a $2 million bonus last year. The bank disclosed Sloan’s compensation this week, including the fact that he received a...
Paytm, the India-based eCommerce and digital wallet company, has announced a new mobile banking app called Payments Bank, according to reports. The app, available for download in the Google Play store and coming soon to iOS, will allow customers to check balances, request debit cards,...
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said European banks should look beyond their borders for mergers to take advantage of the full economic power of the region, according to a report by Bloomberg. Get the Full Story Complete the form to unlock...
