News

Banking
How Challenger Banks Are Giving Legacy Players Key Opportunities
August 22, 2019

Challenger banks are pushing traditional banks to reboot their customer experience. In the latest Digital Banking Tracker, Jamie Warder, head of digital banking for KeyBank, explains how artificial intelligence (AI) and machine learning (ML) is helping them challenge the challengers.

Cross-border Payments
Ghana’s Central Bank Pulls Licenses Of 23 Financial Institutions
August 22, 2019

In August of 2017 Ghana’s government announced that it was going to clean house in its financial services sector — particularly among lenders and second-level financial institutions.  And by all accounts they were entirely serious, as it has been an expensive and comprehensive journey. So...

Banking
Digital Banking And Branches Not An Either/Or Proposition
August 22, 2019

Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul their infrastructure and banking tools. The latest Digital Banking Tracker examines how legacy institutions stay competitive with challenger banks. Get the Full Story...

B2B Payments
Austrian Telecom A1 Now Accepts Cryptocurrency
August 22, 2019

Austria’s major telecommunications firm A1 is now accepting payments in cryptocurrency as part of a pilot project, the company said in a recent blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Grovara CEO Talks International, Online B2B Commerce
August 22, 2019

Grovara helps wellness brands go global.  Challenges abound when it comes to exporting good, spanning logistics, compliance and payments.  CEO Peter Groverman explains how Grovara’s B2B platform and partnership with Stripe streamline cross-border commerce.

B2B Payments
In Latin America, Ripple Makes Remittance Waves
August 22, 2019

Santander is building a payments corridor in Latin America, leveraging Ripple’s app and software for remittances. Separately, Latin America is also seeing a boost in banking done cross border through the use of blockchain.

B2B Payments
SEC Fines Russian Rating Firm $269K For Failing To Disclose Review Payments
August 22, 2019

The Securities and Exchange Commission (SEC) settled with Russia-based ICO Rating for $268,998 to satisfy charges over undisclosed payments received for publicizing companies’ digital asset securities offerings, the SEC said in a press release on Wednesday (Aug. 21).   Get the Full Story Complete the form...

B2B Payments
Europe Business Lender iwoca Awarded £10M Stipend
August 22, 2019

A £10m grant from Banking Competition Remedies (BCR) was awarded to iwoca, one of Europe’s largest business lenders, as announced by iwoca in a press release last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Shopify Makes Canada’s Top 10 Biggest Public Firms
August 22, 2019

Shopify has become the 10th largest publicly-traded company in Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...