Payments company Wise is reportedly weighing becoming a full-fledged bank in the United Kingdom. The company has been in touch with experienced financial services executives in the last two months about roles in a future banking business, British newspaper The Times reported Monday (Sept. 1)....
As inflation, interest-rate swings and economic uncertainty converge, banks and credit unions (CUs) have demonstrated notable resilience. They are continuing to innovate digitally, enhance risk controls and evolve service models to meet shifting consumer and business needs. Fall is settling in, financial institutions (FIs) large...
Digital banking solution provider Infosys Finacle has integrated the Mastercard Move portfolio of money movement capabilities. This collaboration will offer financial institutions streamlined onboarding and enhanced access to Mastercard Move and its cross-border payments capabilities, Infosys and Mastercard said in a Thursday (Aug. 28) press...
U.K. FinTech Revolut is reportedly getting closer to entering the U.S. banking space. The company is mulling hiring investment bankers to advise it on a possible acquisition of an American lender to bolster its growth in the U.S., Bloomberg News reported Thursday (Aug. 28), citing sources familiar with the...
HSBC has issued an apology following an outage involving its website and banking app. “We understand some customers are having issues accessing banking services right now. We’re really sorry and are investigating as a matter of urgency,” the bank wrote in a post on X...
Financial and retail technology solutions company Diebold Nixdorf has debuted new services for bank branches. The company’s new Branch Automation Solutions portfolio, announced Monday (Aug. 25), is designed to help financial institutions (FIs) improve efficiency in their physical channels, while addressing customers who are seeking an omnichannel banking experience....
Banks are reportedly campaigning to close what they call a loophole in newly adopted stablecoin legislation. Industry groups such as the American Bankers Association, the Bank Policy Institute and the Consumer Bankers Association are warning that the legislation contains language that will allow some cryptocurrency exchanges indirectly pay interest to...
U.K. banks are reportedly working harder than ever to gain the business of Generation Z consumers while also finding that these consumers are less brand loyal than older ones. Banks have offered sign-on bonuses and other incentives to draw new customers, referral incentives to encourage...
Truist is investing in its physical bank branches as it targets more affluent clients. The lender announced Wednesday (Aug. 20) that it will open 100 new branches and renovate 300 more in cities around the country, including Philadelphia, Dallas, Atlanta, Austin, Miami and Washington, all areas with the...