With new entrants to the business lending environment adding competition — and then pressured by a two-year cash crunch coupled with new forms of lending that have regulators flummoxed — the industry is undergoing a tectonic change in 2022. In many cases, FinTech and others...
There are challenger banks, and now perhaps there’s everyone else. 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...
A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise illegal in the lenders’ home states, Bloomberg reported Friday (Feb. 4). Get the Full Story Complete the form to unlock...
Google Cloud, KeyBank and Deloitte have embarked on a multi-year partnership designed to accelerate the bank’s commitment to cloud-first banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
International banks got the go-ahead from the U.S. Treasury Department to allow money transfers to Afghanistan for humanitarian purposes on Wednesday (Feb. 2), adding that aid groups can pay teachers and healthcare workers at state-run institutions without issue, Reuters reported. Get the Full Story Complete...
After an 18-month beta launch with a waiting list in the U.S., the U.K. challenger bank Monzo is now ready to open the app-based accounts and onboard eligible customers in 10 minutes, according to a blog post on Tuesday (Feb. 1). Get the Full Story...
For an online banking experience to be truly memorable and tick all the boxes that make up a deeply satisfying experience, banks must go deeper than the thin surface veneer of the user interface. Get the Full Story Complete the form to unlock this article...
TD Bank has been redoing its overdraft fee policies, the CBC reported Tuesday (Feb. 1), and customers will be able to now overdraw their accounts by up to $50 before they get an overdraft fee. Get the Full Story Complete the form to unlock this...
In today’s FinTech news, FinTech-as-a-Service firm Rapyd snaps up cross-border trade enabling platform Neat to deliver expanded digital services to small- to medium-sized businesses (SMBs). Plus, Indonesian FinTech Ayoconnect picks up $15 million in Series B funding, while Nigerian brokerage app Bamboo raises $15 million...
