Banking

Banking
EntreBank to Focus on SMBs When it Opens in Minnesota
March 13, 2022

EntreBank, which is focused on lending to entrepreneurs and small businesses, is going against the grain on consolidation, a report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Banking as a Service Paves Way for New Revenue Streams, Financial Super Apps
March 11, 2022

We’re headed toward a not-too-distant future when every retailer can act like a FinTech. 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...

Banking
Bank of America Introduces ACH Positive Pay on Its CashPro App
March 10, 2022

With business clients from Bank of America using mobile devices to manage their treasuries and payments more often, the bank is rolling out its new ACH Positive Pay on its CashPro App, according to a Thursday (March 10) press release. Get the Full Story Complete...

Banking
Regulators’ Tough Approach to Bank Mergers May Have a Silver Lining
March 09, 2022

On March 8, the Federal Reserve and the Office of the Comptroller of the Currency (OCC) held a hearing on the US Bancorp-MFUG Union Bank proposed merger. During the hearing, different witnesses raised issues on fair lending, branch closures and even on MFUG’s business in...

Banking
BoE Official: European Central Bank Scrutiny Could Push Banks to Leave London
March 07, 2022

Banks might be leaving London more if the European Central Bank (ECB) adds more scrutiny, Bloomberg reported Monday (March 7), citing Jon Cunliffe, the Bank of England deputy governor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Bank of America First Recipient of J.D. Power Financial Health Support Certification
March 04, 2022

Data analytics and consumer intelligence firm J.D. Power on Friday (March 4) launched a financial health certification program that recognizes retail banks and credit card issuers “that deliver a high level of satisfaction” through personalized products and services for their customers. Get the Full Story...

Banking
Chinese Banks Revamp Ties With Russian Businesses to Avoid Sanctions, Report Says
March 03, 2022

Several Chinese banks are working to make sure they can maintain business with Russian clients and also avoid Western sanctions, Reuters reported Thursday (March 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Today in FinTech: Grasshopper Bank Leaps Forward; FinTech Weavr Aims for Simplicity; CaixaBank Talks Ethics,...
March 03, 2022

In today’s FinTech news, digital business bank Grasshopper has lined up a new executive team as it launches innovative products and shifts its focus to startups and SMBs, and London FinTech startup Weavr talks to PYMNTS about its alternative to complicated backend technology. Meanwhile, at...

Banking
PBOC Says Number of High-Risk Banks to Fall as It Cracks Down
March 03, 2022

The People’s Bank of China (PBOC) said Thursday (March 3) that it expects to see a continuing drop in the number of high-risk banks across the country as it continues its crackdown on financial risks across all sectors of the Chinese economy, according to a...