Chime has partnered with Upside to launch a fee-free cash-back feature. The new Chime Deals allows Chime members to take advantage of cash-back opportunities on everyday spending on things like gas, groceries and dining, the company said in a Monday (March 4) press release. These offers are available at...
Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products. The program will use open banking solutions to streamline and secure the account opening process, Mastercard said in a Wednesday (Feb. 28) press release. It is expected...
Finland-based payment processor Enfuce is expanding its operations in the United Kingdom. The FinTech said in a Tuesday (Feb. 27) press release that it received an electronic money institution (EMI) license from the U.K.’s Financial Conduct Authority, allowing it to provide issuing and payment solutions...
Fidelity National Information Systems (FIS) reported fourth-quarter earnings results that showed momentum in recurring revenue metrics as financial institutions expand their digital banking initiatives and offerings. Earnings materials Monday (Feb. 26) detailed that banking and capital markets-related revenue growth in the fourth quarter showed 7%...
FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya. The talks involve a $20 million all-stock deal, but negotiations are in their early stages, TechCrunch reported Tuesday (Feb....
Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT) Tuesday (Feb. 6), referring to the company’s ambitions to lead its industry in terms of customer numbers. “We’re now in the...
LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted in the operating agreement. The company now has more autonomy and flexibility in how it runs the business and deploys...
In this month’s PYMNTS Provider Ranking of Digital Banking Apps, all movement came from the lower half of the rankings. Acorns and Ally are making moves upward to compete with the others, while Empower and Albert are falling down. Check below to see how the...
i2c and The Bank of Missouri (TBOM) have partnered to help FinTechs accelerate their launch of digital banking products. With this five-year partnership, TBOM, a community bank with digital banking initiatives, will leverage i2c’s core banking and payments platform, the companies said in a Thursday (Jan. 25) press...
