The Central Bank of Brazil is introducing a program to connect the R$8 ($1.5 billion) sitting idle in financial institutions to the Brazilians who are entitled to the funds, the Rio Times reported. Get the Full Story Complete the form to unlock this article and...
Milan-based investment banker UniCredit is weighing offers from a series of suitors who want to take over its leasing operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
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People have embraced digital financial services, with 43% saying they handle their banking needs entirely online or through a mobile app. Alongside this digital shift, ATMs are seeing popularity, with the ATM market growing at a 4.9% compound annual growth rate (CAGR). Get the Full...
In today’s FinTech news, Chime’s move toward an initial public offering (IPO) has turned the spotlight on digital banking’s acceleration into the mainstream of financial services, and Latin America is seeing FinTech unicorns being funded. Plus, credit unions (CUs) are going after new customers, armed...
Open banking platform Tink is rolling out a new service in the U.K. that enables lenders to verify a person’s income using real-time data from their bank account, streamlining the entire verification process. Get the Full Story Complete the form to unlock this article and...
Digital bank Chime is reportedly prepping for an initial public offering (IPO) at a date to be determined. 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...
Companies want many of the embedded finance options that FinTechs offer, and APIs and open banking help banks give their corporate clients the best of both worlds. In the Next-Gen Commercial Banking Tracker, Bank of Montreal’s Sean Ellery explains how they’re using open banking APIs...
American banks closed a record number of retail branches as the industry consolidates and consumers embrace digital 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. yesSubscribe to...
