Blockchain-based challenger bank BABB — which stands for Bank Account-Based Blockchain — announced it will be holding an equity crowdsale to cover the costs of obtaining a banking license. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Due to a recent outage, some Bank of Ireland customers were unable to use their debit cards. The bank reported that approximately one in seven customers were unable to use their Visa cards at point-of-sale (POS) terminals, according to news from Independent.ie. Get the Full Story...
Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Banks are turning to digital technology to enhance the customer experience — and reduce payment friction — in an effort to boost top and bottom lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Finastra, the FinTech company, announced Monday (June 18) that it has acquired Malauzai, a provider of mobile and internet banking solutions for community financial institutions (FIs). In a press release, Finastra said the buy reflects its commitment to the U.S. retail and business banking sectors by...
For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. The converse is also true, of course, as inefficiencies can paint bottom lines a stark shade of red. Get the Full Story Complete the...
Small banks are benefiting from the rollback of Dodd-Frank, with the Russell 2000 bank index outperforming the S&P 500 banks by about 10 percentage points since the turn of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to perform a months-long industry-wide review. However, the U.S. regulator has concluded that the practice of creating fake customer accounts isn’t...
Goldman Sachs Group Inc., Morgan Stanley and Credit Suisse Group AG have all been left on the sidelines of the banking industry’s new power lobbying group. Though all three firms were originally slated for inclusion in the trade association — formed to lobby on behalf...
