Banking

Banking
Goldman Sachs Expands Transaction Banking to EU
September 20, 2022

Goldman Sachs is bringing Transaction Banking (TxB) to Frankfurt, Germany, before heading to Amsterdam, as the U.S. banker expands into the European Union with its global transaction banking platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Bancorp Changes Status to National Bank Charter, Moves to South Dakota
September 20, 2022

The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the Currency (OCC) as the financial services firm relocates its headquarters from Wilmington, Delaware to Sioux Falls, South Dakota. Get the...

Banking
As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
September 20, 2022

Unlike the United Kingdom and Europe, the use of application programming interfaces (APIs) by third parties to access consumers’ financial data with their consent — a process known as open banking — is still in its early days in the Middle East and North Africa...

Banking
Verity Debuts Family Banking App for MENA Users
September 19, 2022

Verity, a FinTech which works to help younger people earn, save and spend responsibly, has rolled out a new family banking and financial literacy app for the Middle East and North Africa (MENA) region, according to a Monday (Sept. 19) press release. Get the Full...

Banking
Data Brief: Fewer Than 1 in 10 US Consumers Use FinTechs as Primary Bank
September 19, 2022

The corner bank branch — the brick-and-mortar kind — may be giving way to a digital one embedded in our phones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Congress Calls Bank CEOs to Capitol Hill for Consumer, Compliance Hearings
September 19, 2022

The leaders of the country’s seven biggest commercial financial institutions will head to Washington, D.C., this week to face two Congressional hearings to review consumer protection and compliance issues, enforcement actions and recidivism, and trends and developments in the industry. Get the Full Story Complete...

Banking
US FinTech WayaPay Launches Digital Bank, Transfer App Aimed at African Immigrants
September 18, 2022

WayaPay, which describes itself as a Kenyan FinTech based in the United States, says it has launched its full-service digital bank and money-transfer app tailored to the needs of immigrants from Africa. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
NCR’s Corporate Split Uses ATMs to Boost Self-Service, Digital-First Banking
September 16, 2022

For NCR Corp., the goal is to capitalize on the continued shift to digital banking. Underpinning its newly-announced split into two independent companies,  we see some other shifts taking root: A shift from roots as a hardware-centric vendor towards software and a shift from manufacturing...

Banking
London Open Banking Startup TrueLayer Cuts 10% of Staff
September 16, 2022

Citing formidable market conditions, London open banking startup TrueLayer — valued at $1 billion last year — is laying off 10% of its staff of approximately 443 employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...