Banking

Banking
UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
July 28, 2022

Financial transaction records can act as important evidence when securing a loan or mortgage, and U.K. banks are legally obliged to provide this information to customers so as to not create barriers to switching accounts providers. Get the Full Story Complete the form to unlock...

Banking
Santander CIB, SAP Team to Digitize Transaction Banking
July 27, 2022

Santander Corporate and Investment Banking (CIB) announced Tuesday (July 26) that it has entered a new strategic partnership with SAP Spain, aiming to boost digitalization across Global Transaction Banking services by stimulating co-innovation. Get the Full Story Complete the form to unlock this article and...

Banking
Upgrade Offers OneCard for Single Platform Budgeting, Rewards
July 27, 2022

Challenger bank Upgrade is launching OneCard, a new product that provides users with a single card for daily expenses and making payments over time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
The Data Point: Over 40% of Millennials Would Switch to FIs Supporting Local Charities
July 27, 2022

Charity begins at home, as the old saying goes, and that can mean one’s community as well. New data finds a powerful correlation between bank choice and a bank’s charitable standing. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
NCR Says Financial Literacy Should Be Left to Community Banks and Credit Unions, Not TikTok
July 27, 2022

Strong growth in digital banking during the pandemic didn’t come with seminars in financial literacy. It should have, as younger demographics are found to be less fluent in personal finance than older cohorts, and a little education goes a long way in improving this situation....

Banking
CSI Teams With Bankers Helping Bankers to Drive Tech at Community FIs
July 26, 2022

End-to-end FinTech and RegTech solutions provider Computer Services Inc (CSI) is teaming up with Bankers Helping Bankers to help drive technology solutions at community financial institutions (FIs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Cannabis Bill Backer Sees New Hope For Passage
July 26, 2022

The main sponsor of a law that would protect banks that do business with cannabis companies from the penalties of federal regulators said there’s new hope for the bill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Report: South Africa’s Biggest Banks at Risk for Money Laundering
July 26, 2022

The South African banking regulator has warned that the country’s banking industry is at risk of becoming ensnared in money laundering and terrorist financing activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
UK Digital Banks Set Sights on Underserved Mass Affluent Segment
July 26, 2022

When we talk about the mass affluent, it goes beyond high-net-worth individuals and affluent retirees to people who have made a huge fortune from the sale of a business, a young couple who has suddenly inherited a lump sum of money or a recent graduate...