The financial services ecosystem has evolved to a state where traditional financial institutions (FIs) and FinTechs, which once had been vying for the mind share and wallet share of end consumers, are now working more closely in an effort to innovate. To that end, Carl Robinson,...
Wells Fargo, despite not being generally perceived as a leader in the world of trading and dealmaking, will push more to boost its investment bank this year, under a strategy from new CEO Charlie Scharf, Bloomberg reports. Get the Full Story Complete the form to...
As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo, said virtual international bank account numbers (IBANs) can help firms gain scale internationally, and customize payments to serve the...
When Stripe announced earlier this month that it was collaborating with the likes of Citigroup, Goldman Sachs and Barclays to embed a range of financial services within its Stripe Treasury offering, it was a big step forward for the Banking-as-a-Service (BaaS) landscape. Increasingly, consumer and...
Citigroup Chief Financial Officer Mark Mason says the bank is more likely to report loan loss reserve releases than builds as of the fourth quarter, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy, president of payment technology and innovation firm i2c, said banks have been left behind and should focus on what they do best — compliance. Get the...
BitPay, a cryptocurrency payments firm, has filed to become a national bank in the U.S., CoinDesk reported, citing a legal notice published Tuesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume. Get...
