Banking

Banking
BlueVine Takes Wraps Off Small Biz Banking Platform
October 27, 2020

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...

Banking
Red Hat: Incumbent Banks Need To Reinvent Themselves
October 27, 2020

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...

Banking
Using P2P Payments To Bank More Of The Unbanked
October 22, 2020

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...

Banking
New Lottery-Linked Savings Accounts Are Fun … And Growing
October 21, 2020

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...

Banking
Afterpay Teams With Westpac To Offer Banking Services
October 20, 2020

Australia’s Westpac Group is partnering with buy now, pay later (BNPL) firm Afterpay to introduce its new banking-as-a-service (BaaS) platform to Afterpay customers, Westpac said in a statement on Tuesday (Oct. 20). Get the Full Story Complete the form to unlock this article and enjoy...

Banking
FDIC: US Bankless Rate Set To Rise If Pandemic Continues
October 19, 2020

The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year, according to a new report by the Federal Deposit Insurance Corp (FDIC). Get the Full Story Complete the form to...

Banking
Bank Of America Says Consumer Spending Is Up, Card And Mortgage Delinquencies Down
October 14, 2020

Bank of America (BofA) said on Wednesday (Oct. 14) that it is seeing a full restoration of customer spending, along with declines in delinquencies on credit cards, car loans and mortgages, even as the pandemic rages on. Get the Full Story Complete the form to...

Banking
Revolut Likely To Apply For US Bank Charter
October 12, 2020

European digital bank Revolut, the continent’s largest such institution with 13 million users, is close to applying for a U.S. banking license, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
In Big Bank Earnings, Keep An Eye On Mobile Movement
October 12, 2020

Earnings season will pull back the curtain on where banks stand amid the pandemic — not just in terms of trading revenues amid rocky (to put it mildly) equities and fixed income markets. And not just in terms of loan losses. Get the Full Story...