American banks closed a record number of retail branches as the industry consolidates and consumers embrace digital banking. 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...
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 completing this form, you agree to receive marketing communications from PYMNTS and...
United Kingdom-based peer-to-peer (P2P) lender Zopa has hit 1 billion pounds ($1.36 billion) in customer deposits 18 months after becoming a bank, according to a company announcement emailed to PYMNTS on Wednesday (Jan. 19), noting it’s aiming to reach 2 billion pounds ($2.73 billion) in...
New York-based commercial bank Signature Bank on Tuesday (Jan. 18) unveiled the pricing for its underwritten offering of 2.1 million shares of common stock at $352 per share. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Truist Financial Corporation is set to launch two new checking accounts with no overdraft fees, making it the latest in a series of banks to move away from this lucrative income source. Get the Full Story Complete the form to unlock this article and enjoy...
Digital finance firm SoFi Technologies was granted approval to become a national bank pending its acquisition of Golden Pacific Bancorp (GPB), according to a press release on Wednesday (Jan. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Nordic FinTech Lunar has selected cloud-native core banking tech Thought Machine to modernize its system and develop new services, the companies announced Tuesday (Jan. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
As earnings season gets underway, a trio of big bank earnings points to variations on some themes: Consumers are still spending, loan losses seem manageable … and technology underpins it all (and the banks will have to keep spending on tech to keep apace with...
The regulatory path forward for FinTechs seeking to offer banking services on a national scale may have gotten a bit clearer, but it hardly seems shorter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
