Boost Mobile is entering the financial service sector with the launch of OmniMoney, a tool that offers underbanked consumers a free digital money account and debit card. “We’re looking to provide basic services for historically excluded communities — where 60 million Americans are underbanked,” Boost...
Neobanks, nonbanks, and a host of other constructs fall under the heading “FinTech,” and while broadly popular with the digital-first economy, specific user profiles emerge on closer examination. PYMNTS analyzed this in “The Disbursements Satisfaction 2022: The Role of FinTechs,” a collaboration with Ingo Money,...
In the latest edition of PYMNTS’ Provider Ranking of Digital Banking apps, 13 apps have earned a place on this month’s Top 10 list. Highlights from this month’s picks include two leaders that hold down the first ranking slot, two apps that have fallen down...
When everyone is special — or at least says they are — no one is. Application programming interfaces (APIs) and all manner of updated tech infrastructure have made it possible for pretty much any company to embed payments and banking-like services into apps. FinTechs have...
From the vinyl revival to the enduring appeal of film photography, analog technologies that many thought would give way to the rising tide of digitization have in fact remained culturally and economically relevant, even if they no longer play the leading role they once did....
German neobank N26 said it has enough cash until it breaks even, although its finance chief is not ready to say when that will happen. According to multiple media reports Tuesday (Oct. 11), the company reported a 14% increase in net losses for 2021, the...
Bank of America (BofA) has announced an expansion of its digital banking platform CashPro’s Payment API capabilities, letting clients access hundreds of more payment types and the ability to bundle payments, a press release said. The company said APIs have continued to move things forward...
The successful digital bank offers more than banking cloaked in an online wrapper. Treasury Prime Vice President of Banking Jeff Nowicki, Emprise Bank Senior VP of Innovation and Development Emily Reisig and Zeta CEO Aditi Shekar told PYMNTS that the branchless approach has the potential...
Argentine FinTech Uala plans to invest $150 million in the next year and a half to expand its Latin American digital banking operations as the region becomes more digitized. The expansion will focus mainly on Mexico and Colombia, with Uala — valued at around $2.5...
