Banking

Banking
Verv Launches Multicurrency Banking Solution for Businesses
May 24, 2022

Verv has debuted its Multi-Currency Business Accounts, which will let companies in the European Economic Area (EEA) and the U.K. receive, pay and hold money in more than one currency, a presss release said Tuesday (May 24). Get the Full Story Complete the form to...

Banking
Malaysia Grants MoneyLion, AEON Financial a Digital Bank License
May 24, 2022

Digital finance and lifestyle platform MoneyLion has said that it’s gotten a digital banking license from the Ministry of Finance of Malaysia in a consortium with the Japanese financial group AEON Financial Services and its Malaysian subsidiary AEON Credit Service. Get the Full Story Complete...

Banking
Banking Platform Synapse Launches Global Cash for FinTechs
May 24, 2022

Synapse, the global banking-as-a-service (BaaS) platform, has rolled out a new cash management account product, a press release said Tuesday (May 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
JPMorgan’s Deep Pockets and Digital Banking Push Should Worry Neobanks
May 24, 2022

To build a business from the ground up takes money. 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 Today. By completing this...

Banking
JPMorgan Expects Credit Losses to Stay Low Through ’23
May 23, 2022

Fears of a recession have landed the markets in hot water, though JPMorgan doesn’t think there’s much cause to worry, The Wall Street Journal (WSJ) wrote. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
JPMorgan’s UK Digital Bank Processed 20 Million Payments in 8 Months
May 23, 2022

JPMorgan’s consumer bank Chase in Britain, a digital venture, now has over half a million customers, Reuters wrote Monday (May 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
JPMorgan: Tech and Product Investments to Top $2.8B in 2022
May 23, 2022

J.P. Morgan’s investor day Monday (May 23) had all eyes on Wall Street focusing on net interest margins and CEO Jamie Dimon’s take on macro-related opportunities and challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
May 23, 2022

Despite its potential to transform the financial services sector, the rollout of the open banking scheme in the U.K. to provide secure, third-party access to financial data using application programming interfaces (APIs) has repeatedly faced criticism from industry players since it was launched in 2018....

Banking
Airtel Africa’s Smartcash PSB Launches in Select Nigerian Cities
May 19, 2022

Airtel Africa’s subsidiary, SmartCash Payment Service Bank (SmartCash PSB), is bringing its digital financial services to select cities in Nigeria to further reach unbanked consumers there and expand the region’s digitization efforts, according to a Thursday (May 19) press release emailed to PYMNTS. Get the...