HSBC and Samsung have announced what they are calling a “first-of-its-kind” program to bring wearable technology into HSBC bank branches. The two firms are currently testing a pilot that will put heavily customized Samsung Gear S3 watches onto the wrists of branch employees at HSBC’s...
Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Canada’s mail and parcel operations under Canada Post have been hit by a worker’s strike amid ongoing contract tensions with the Canadian Union of Postal Workers (CUPW). While the post disruptions are certainly a headache for the public (consumers, businesses and government entities alike), there may be...
In the U.K., a group representing small businesses said larger firms that are late payers should not get government business. Separately, Sears' bankruptcy filing dominates headlines surrounding the once-mighty retailer. Now, a lawsuit has been filed over claims of unpaid invoices.
A no-deal Brexit scenario would bury fleet companies in “red tape and paperwork,” according to the Freight Transport Association’s Head of European Policy Pauline Bastidon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Data intelligence firm Aktis is rolling out a cloud-based platform for banks to benchmark and analyze their market positions compared to industry peers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The National Bank of Canada, the country’s sixth-largest bank, is collaborating with business consulting and IT company CGI to launch a blockchain-powered trade finance solution. Rather than focusing on the actual finance of a trade agreement, however, the bank and CGI are working to facilitate...
Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship...
The country’s four largest banks reported a combined 5 percent drop in U.S. deposits that earned no interest in the third quarter, compared with a year ago. According to The Wall Street Journal (WSJ), JPMorgan Chase, Bank of America, Wells Fargo and Citigroup revealed that customers withdrew...
