FIS Global posted second-quarter earnings results ahead of its pending sale of a stake in Worldpay that showed increasing demand from banks to digitize their services and capture accounts. The company’s earnings materials detailed that Banking and Capital Markets posted 2% organic revenue growth tied...
Treasury Prime has teamed with Academy Bank to bring embedded finance services to its customers. “This partnership addresses the increasing demand for flexible and scalable solutions that effectively meet the evolving needs of businesses and customers,” the companies said in a news release Monday (July 31). The goal...
European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and drinks to Easy Money and Easy Green users, and 2% back on public transportation to Easy Green users, the company...
Citi has launched a “single entry point” digital platform aimed at its commercial banking clients. The platform, dubbed CitiDirect Commercial Banking, gives customers a better view of their banking activity with Citi in terms of cash, loans, trade, foreign exchange and onboarding, according to a Monday (July...
The financial industry is at a turning point in its history as more users flock to digital banking, many of whom plan never to set foot in a brick-and-mortar branch again. A crop of digital-native alternatives has sprung up to satisfy this electronic demand, with...
British financial app Revolut has launched in New Zealand. Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments, bill splitting and the ability to send and spend in more than 200 currencies, Revolut said in a Monday (July...
Digital banking quickly became standard for consumers nationwide as the pandemic cemented a shift to mobile that had been years in the making. Consumers expect targeted and personalized digital banking experiences rather than one-size-fits-all. Forty-six percent want personalized help from their financial institutions (FIs) in...
French telecom Orange plans to exit the retail banking business in France and Spain. The firm, which launched Orange Bank in 2017, is in exclusive talks with BNP Paribas to have that organization support the bank’s customers while Orange withdraws from the business in the two countries, Orange said in a Wednesday...
The positive feedback loop between digitization and end-user expectations is transforming banking, finance and payments. And as the world evolves, those firms that fall behind the cutting-edge of digital personalization could eventually see their growth prospects dulled. That’s because in this new environment, “user experience...
