Banking

Banking
Data Point: Nearly 25% of Consumers Verifying Digital Account Access Via Multiple Devices
April 18, 2022

How we access banking services is undergoing seismic change, with PYMNTS research finding that nearly 70% of bank account holders use online accounts, and almost one-third of those have accounts with online-only banks. Get the Full Story Complete the form to unlock this article and...

Banking
JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
April 15, 2022

When JPMorgan reported first-quarter earnings results this week, the company also built $902 million in reserves — a move that signals a tough credit environment is in the cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
With Digital Checking, Goldman’s Marcus Looks to Create 153-Year-Old Neobank
April 15, 2022

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 form, you agree to receive marketing communications from PYMNTS and...

Banking
Open Banking Platforms Strive to Balance Security and Ease of Use
April 15, 2022

Open banking is emerging across every market, but it’s doing so at different paces, for different reasons and in the face of different challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Umba CEO: Emerging Markets’ Legacy Banking Systems Begging for All-In-One Fix
April 15, 2022

“The typical legacy bank isn’t a technology company. They are purchasing a core banking system from a vendor that sells to banks around the world.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
44% of Consumers Say Their Digital Financial Accounts Are Not Highly Integrated
April 13, 2022

Consumers who use online accounts with their financial services providers access those accounts in a variety of ways — using computer browsers, mobile device applications, mobile device browsers or all of the above. Get the Full Story Complete the form to unlock this article and...

Banking
Banks’ Earnings May Show Days of Double-Digit Card Spend Growth Are Over
April 12, 2022

Earnings season comes like clockwork. 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 form, you agree to receive...

Banking
FIS Announces Banking-as-a-Service Hub for Financial Institutions
April 12, 2022

Financial technology firm FIS unveiled its Banking-as-a-Service (BaaS) hub Tuesday (April 12), a tool the company said provides “a full suite of banking and payments capabilities for institutions of all sizes.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
Nigerian Central Bank Grants Mobile Banking License to MTN to Operate Momo Payment Service Bank
April 11, 2022

The Central Bank of Nigeria (CBN) has approved a mobile banking license for South African telecom MTN, allowing it to operate as Momo Payment Service Bank Limited (Momo PSB), according to a Monday (April 11) Ripples Nigeria report citing a statement from the bank signed...