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Unit, a Banking-as-a-Service platform empowering companies to embed financial services into products, announced Thursday (Jan. 20) that it has debuted a new way to issue virtual cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
United Kingdom-based peer-to-peer (P2P) lender Zopa has hit 1 billion pounds ($1.36 billion) in customer deposits 18 months after becoming a bank, according to a company announcement emailed to PYMNTS on Wednesday (Jan. 19), noting it’s aiming to reach 2 billion pounds ($2.73 billion) in...
New York-based commercial bank Signature Bank on Tuesday (Jan. 18) unveiled the pricing for its underwritten offering of 2.1 million shares of common stock at $352 per share. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Truist Financial Corporation is set to launch two new checking accounts with no overdraft fees, making it the latest in a series of banks to move away from this lucrative income source. Get the Full Story Complete the form to unlock this article and enjoy...
Digital finance firm SoFi Technologies was granted approval to become a national bank pending its acquisition of Golden Pacific Bancorp (GPB), according to a press release on Wednesday (Jan. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Nordic FinTech Lunar has selected cloud-native core banking tech Thought Machine to modernize its system and develop new services, the companies announced Tuesday (Jan. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
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...
In the age of machine learning, when relying on algorithms that consume, process and ultimately deliver a verdict on large amounts of data, it can be challenging to understand and explain what’s going on behind the scenes — and why the outcome is what it...
