As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an initial public offering next year means some is mulling in store for investors. They might be well-served in pondering some...
If video killed the radio star, then what has digitization done to the banking landscape? Well, some observers believe it may have just given the industry a new lease on life. After all, when viewed in light of the financial services sector’s historical association with...
The traditional banking model and business roadmap for financial institutions needs future-proofing. Across today’s financial services landscape, digital increasingly rules the roost — making prioritizing innovation important for long-term success. Staying relevant through innovative services and holistic convenience is frequently the best way to stay...
According to NCR Voyix Chief Product Officer of Digital Banking Doug Brown, the post-pandemic years have ushered in the age of digitally connective, and interactive, banking. Consumers may have been banking before the great digital shift. But now, the tools and channels are in place to...
Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app. This new, unified digital platform consolidates into one mobile app what had been five different apps: Bank of America, Merrill Edge, My Merrill, Bank...
Ingo Payments CEO Drew Edwards told PYMNTS’ Karen Webster that the very definition of what a bank is — what it does and what it can do — is changing. Ask anyone working for a bank just what a bank does, and they’ll answer that the institution takes...
Roberto Campos Neto, the president of Brazil’s central bank, is reportedly planning to establish a FinTech firm in Miami following the conclusion of his term in December. Campos Neto, who is renowned for his successful management of inflation in Brazil, aims to use his expertise in...
The evolution of money movement, and of banking, are intrinsically linked. That’s why, as money became digitized and embedded, so too did banking, via the first iteration of the banking-as-a-service (BaaS) model. But as digital, instant payments become regarded as the norm, and the BaaS...
British banking-as-a-service (BaaS) platform Griffin is now officially a fully operational bank. The company announced Sunday (March 10) that it had received approval from the U.K.’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), to lift restrictions, allowing Griffin to...
