Amid the continued grappling with the economic headwinds of the coronavirus, lenders are navigating choppy waters — but defaults may loom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
It is not just Big Pharma that is reaping a windfall from the positive news on the COVID-19 vaccine front, but big banks as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
An international watchdog group is cautioning banks about the risks involved with outsourcing key technology. The Financial Stability Board (FSB) warned, in particular, “about the possibility of systemic risk arising from concentration in the provision of some outsourced” services to financial institutions (FIs). Get the...
Financial services firm Figure Technologies, Inc. has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. 6) announcement. Get the Full Story...
Commerzbank, Germany’s second-largest bank, is bracing for widespread bankruptcies among small and mid-sized business customers as the pandemic continues to weigh heavily on the global economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
BlueVine rolled out its new, integrated online banking, payments and lending platform aimed at small businesses, BlueVine Business Banking, on Tuesday (Oct. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Nobody likes getting old, especially traditional banks that have found themselves straddling two financial worlds – old tech and new tech – while all the “young, cool kids” try to steal their customers and business. Get the Full Story Complete the form to unlock this...
Although lower costs and increased availability of new peer-to-peer (P2P) payment systems have allowed more first-time users to enjoy the ease and benefits of the banking system, the fact remains that 1.7 billion adults are still “unbanked.” Get the Full Story Complete the form to unlock...
A New York-based startup is shaking up the stodgy world of banking by offering customers a chance to win prizes as an incentive to save money. Adam Moelis, co-founder and CEO of Yotta Savings, told PYMNTS that the idea of rewarding savers makes sense, given how much people...
