The People’s Bank of China said Friday (July 9) it was taking measures that would help commercial banks lend more money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Wells Fargo is closing down personal credit lines as the bank moves to drop the banking product, CNBC reported on Thursday (July 8), citing letters the news outlet reviewed that were sent to customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A lackluster economy that’s still recovering from the COVID-19 pandemic isn’t the only issue plaguing the U.K. financial sector these days. Recently, regulators pointed to diversity and inclusion in the space as a serious problem that needs to be addressed — and they offered a...
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Consumers are now more loyal to payment methods than to merchants — meaning retailers can no longer afford to guess which payment types matter to customers. In the latest U.S. Open Banking Tracker, Imran Haider, head of open banking at Wells Fargo, explains how open...
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DeFi, maybe – but in some respects, it looks a lot like traditional finance. 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...
“Bank is no longer a place you go — it’s a thing you do,” LendingClub Financial Health Officer Anuj Nayar told PYMNTS in an interview. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The economic principle of replacing existing business processes and models with innovative and more efficient ones is nothing new. In banking, it’s more recently become a burning issue, as banks’ customers and the competition have accelerated the need to think that way: a model that...
