Digital-First Banking

Today In Digital-First Banking: ClearBank Unveils Multicurrency Accounts; LoanDepot Eyes IPO

Today In Digital-First Banking: ClearBank Unveils Multi-Currency Accounts; LoanDepot Eyes IPO

In today’s top news in digital-first banking, ClearBank has begun offering multicurrency bank accounts through an application programming interface (API), and LoanDepot is considering going public. Plus, EVO Payments Inc. has rolled out EVO Express Deposit push payments technology.

ClearBank Introduces Multicurrency Bank Accounts

ClearBank, a cloud-based clearing bank, has started to provide multicurrency bank accounts via an API. The financial institution will let users access more than 30 multicurrency accounts starting in Q4 2020. Clients will have the capability to “seamlessly” move money, and foreign exchange rates will be based on interbank pricing.

Mortgage Lender LoanDepot Looks Toward $15B IPO

LoanDepot is considering going public five years after scuttling plans to do so. The California-based lender, which provides mortgages and other direct-to-consumer debt, has reportedly had discussions with possible investors for an offering that could occur in 2020. LoanDepot, which was started in 2010, refers to itself as the country’s second-biggest nonbank lender. The company’s nationwide labor force of over 8,000 assists more than 25,000 clients on a monthly basis.

EVO Rolls Out Express Deposit B2B Push Payments With Visa Direct

EVO Payments Inc. launched its EVO Express Deposit real-time push payments offering, which is enabled by Visa Direct, to assist retailers with more expedient access to money. The service allows qualifying American merchants to get funds for card transactions in real time, with actual availability depending on the location and the receiving financial institution.

Facebook's Libra Hires HSBC Veteran as Managing Director

The Libra Association has tapped James Emmett to be the Libra Networks' managing director. In the past, Emmett served as the top executive of HSBC Bank plc and Europe, where he was responsible for the UK Wholesale Bank of HSBC and operations throughout Sub-Saharan Africa, Bermuda and Continental Europe. The Libra Association, which rolled out in June of last year, refers to itself as an “independent member organization.”

——————————

WATCH LIVE: HOW WE SHOP – TUESDAY, NOVEMBER 10, 2020 – 12:00 PM (ET)

New forms of alternative credit and point-of-sale (POS) lending options like ‘buy now, pay later’ (BNPL) leverage the growing influence of payments choice on customer loyalty. Nearly 60 percent of consumers say such digital options now influence where and how they shop—especially touchless payments and robust, well-crafted ecommerce checkouts—so, merchants have a clear mandate: understand what has changed and adjust accordingly. Join PYMNTS CEO Karen Webster together with PayPal’s Greg Lisiewski, BigCommerce’s Mark Rosales, and Adore Me’s Camille Kress as they spotlight key findings from the new PYMNTS-PayPal study, “How We Shop” and map out faster, better pathways to a stronger recovery.

TRENDING RIGHT NOW