Banking

Banking
Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
August 25, 2024

 Neobank PrizePool is reportedly shutting down its consumer app amid an acquisition. 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...

Banking
TD Bank Puts Aside $2.6 Billion for Money Laundering Investigation
August 22, 2024

Lapses in its anti-money laundering (AML) program continue to cost Toronto-Dominion Bank (TD Bank). 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...

Banking
From Footprint to Foundation: How Big Banks Build Loyalty With Gen Z
August 20, 2024

Big banks have been revisiting their branching strategies — branching (slight pun intended) into new markets, covering parts of the country thus far underserved by physical banking locations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Revolut Valued at $45 Billion in Secondary Share Sale
August 16, 2024

Revolut signed agreements with investors for a secondary share sale that values the company at $45 billion. 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...

Banking
Exclusive: Mercado Pago CEO on Building Brazil’s Biggest Digital Bank
August 16, 2024

Most countries measure banking activity in terms of where and how it happens. Hence distinctions such as in-branch, ATMs, online and mobile. But in Latin America, for all intents and purposes, there’s only one kind of banking: digital. Get the Full Story Complete the form...

Banking
Credit Unions vs Big Tech: Winner Gets the Customer
August 13, 2024

For banks — and especially for credit unions — the battle with Big Tech for the hearts, minds and wallet share of consumers may seem a more than challenging proposition. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
FDIC Letter on ATMs Paves Way for More Branchless Banking
August 12, 2024

New input from the Federal Deposit Insurance Corp. (FDIC) is poised to pave the way for more “branchless banking” — through interactive teller machines that can, conceivably, amp up competition between smaller banks and their larger counterparts. Get the Full Story Complete the form to...

Banking
ClearBank Expands Clearing and Embedded Banking Services to Europe
August 09, 2024

Embedded banking firm ClearBank expanded from the United Kingdom to Europe. 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...

Banking
Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
August 08, 2024

For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...