British FinTech Monzo is reportedly weighing a new application for a U.S. banking license. The company is considering restarting its plans to become a U.S. lender as it tries to speed its expansion in America, the Financial Times (FT) reported Sunday (Oct. 5), citing two...
Neobanks that built their reputations in Europe are now accelerating their expansion across borders, with the United States squarely in their sights. The U.S. offers fertile ground for expansion: Gen Z, the first generation of true digital natives, is beginning to accumulate income, savings and...
Citi Investor Services has begun rolling out its Single Event Processing technology in North America. SEP enables real-time asset servicing so that clients can have greater access to funds and improved accuracy, the bank said in a Wednesday (Oct. 1) press release. The technology was...
Nubank said Tuesday (Sept. 30) that it applied for a U.S. national bank charter as it explores opportunities to expand its digital banking platform beyond Latin America. The firm applied with the Office of the Comptroller of the Currency, it said in a Tuesday press...
Fiserv is rolling out a cloud-based content management system designed to help financial institutions streamline operations and automate workflows, the company announced Monday (Sept. 29). The product, called Content Next, was developed with enterprise software firm OpenText and will be offered to banks and credit...
The global banking establishment is entering 2026 confronting a growing array of existential questions. Chief among them is whether the future of money can be built without undermining the trust that sustains it. Digital transformation across financial services is now bringing with it not merely...
UK FinTech Revolut has launched a high-yield savings account for American customers. The new accounts, which let users deposit up to $10,000, are being rolled as Revolut “targets accelerated growth” in the U.S., the company said in a news release provided to PYMNTS Monday (Sept....
Watch more: Need to Know: Bank of America, Tom Durkin The roles of chief financial officers and treasurers are being redefined in a volatile environment where decisions must be made faster and with greater precision. Finance leaders today face a deluge of data from disparate...
JPMorganChase now offers its J.P. Morgan Private Client experience in 53 Chase branches in Connecticut, New York, Florida and Texas. This experience was previously available only at 18 J.P. Morgan Financial Centers and 15 J.P. Morgan Private Client Offices, the bank said in a Wednesday...