Open finance platform MX has announced product updates that bolster the platform’s ability to deliver financial data to financial institutions (FIs) and FinTechs and help them improve their customer experiences, pace of innovation and collaboration with others in the industry. Get the Full Story Complete...
Unlike the United Kingdom and Europe, the use of application programming interfaces (APIs) by third parties to access consumers’ financial data with their consent — a process known as open banking — is still in its early days in the Middle East and North Africa...
The corner bank branch — the brick-and-mortar kind — may be giving way to a digital one embedded in our phones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Aiming to combine innovative technology with human touch, financial services company Truist Financial has added an artificial intelligence (AI)-enhanced virtual assistant to its mobile banking app and online banking platform for personal banking clients. Get the Full Story Complete the form to unlock this article...
Unconstrained by legacy systems, decades-long financial commitments and the obligations of a full banking license, digital banking apps are shaking things up and introducing a seamless, cost-effective, and flexible way of accessing financial services that continues to threaten the once dominant incumbent model. Get the...
Wio, a government-backed digital bank, has launched in the United Arab Emirates. 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...
The increased prominence of digital banking and FinTechs could lead to a serious financial crisis, Michael Hsu, the acting U.S. Comptroller of the Currency, said Wednesday (Sept. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Revolut is pulling job offers extended to new graduates as the challenger bank continues auditing its operations and picking through the numbers as part of an in-house review codenamed “Project Prism.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Revolut is being pressured to improve its internal controls for financial reporting, after the U.K.’s Financial Reporting Council said the FinTech’s audits were flawed and had a high risk of “misstatement,” the Financial Times reported Monday (Sept. 5). Get the Full Story Complete the form to...
