Categories: Digital-First Banking

Today In Digital-First Banking: Volante Collaborates With Goldman Sachs Bank USA; Sezzle Forms Partnership With Ally Lending

In today’s top news in digital-first banking, Volante Technologies Inc. is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. Plus, FIS has partnered with The Clearing House (TCH) on real-time payments (RTP).

Cloud Payment Processor Volante Teams With Goldman Sachs On Digital Transaction Banking

Volante Technologies Inc. is working with Goldman Sachs Bank USA to offer the payments platform for the financial institution’s digital transaction service. The Goldman Sachs Transaction Banking Platform was designed to offer safe and simple access for business customers. The application programming interface (API)-enabled technology also provides liquidity supervision, analytics, payments and virtual accounts.

BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

Sezzle has formed a partnership with digital financial services company Ally Lending. The collaboration will let Sezzle provide more long-term loans. Sezzle, which was established in 2016, lets shoppers make four payments in equal amounts without interest over six weeks. The company says it has over 1 million active clients and 10,000 retailers in partnership with its services.

FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP

FIS has teamed with The Clearing House (TCH) to offer immediate settlements to small and mid-sized banks and credit unions (CUs) and their clients. The financial software firm offers a managed platform service for financial institutions to expediently and cost-effectively link up with the RTP network, the real-time payments infrastructure from The Clearing House.

Digital Mortgage Startup Blend Expands Into Consumer Banking

Home loan tech upstart Blend has announced its expansion into consumer banking to encompass credit cards and personal loans. Blend’s venture into the area comes on the heels of a Canapi Ventures-led $75 million Series F round, which had brought the firm’s worth to almost $1.7 billion.

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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.