Serena Smith, chief client officer at i2c, told PYMNTS that the shift to faster payments and open banking will spur financial institutions to take a close look at their technology stacks. “We’ve been talking about the need for banks to upgrade and update their legacy...
FinTechs have emerged as disruptors in the financial industry, offering consumers a wide range of services. However, a recent report titled “The Issuers Report 2023: FinTechs’ Instant Payments Mismatch” reveals a discrepancy between what FinTechs believe consumers want and what consumers actually prioritize. The report,...
Silicon Valley Bank (SVB), a division of First Citizens Bank, has unveiled a range of new and updated products and services. Since its acquisition by First Citizens, SVB has continued to invest in digital solutions and efficiency tools, the bank said in a Monday (Oct. 23) press...
Many apps slipped in PYMNTS’ Provider Ranking of Digital Banking this month. Revolut secured the top spot, beating Chime down a few rankings. Let’s get into the scores. The Top 5 Revolut won this month’s top spot at No. 1 with a perfect score of...
LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in savings of about $30 million to $35 million compared to the second quarter, the digital marketplace bank said in a...
Revolut has launched the latest version of its app — Revolut 10 — for its more than 35 million global accountholders. “You asked for all things money made easy, so we challenged ourselves to see how easy we could make Revolut 10,” the neobank said in a Tuesday...
Experian has launched the Experian Smart Money Digital Checking Account and Debit Card, featuring FICO score-boosting Experian Boost. The new offering aims to provide consumers with a way to build credit without accumulating debt, the global information services company said in a Monday (Oct. 2)...
Hans Tesselaar, executive director of BIAN, told PYMNTS that the digital transformation of banking hinges on innovation, on interoperability between financial institution and providers forged across an agile ecosystem. But “the industry today is still very siloed,” he said, adding that there are “silos between...
British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money in funds overseen by BlackRock, letting users invest as little as a single British pound, according to the company website....
