The biggest Wall Street banks are set to report new record profits in 2021, due to bumper investment banking fees and less-than-expected losses on loans, the Financial Times (FT) reported Saturday (Jan. 8). Get the Full Story Complete the form to unlock this article and...
The Bank of Tanzania (BoT) in East Africa is planning to launch its new payment system in February following a successful pilot program with banks and mobile operators that began in June of last year, according to The Citizen on Friday (Jan. 7). Get the...
Despite the legal and pandemic-related business challenges that have plagued neobanks in the United Kingdom in recent months, the challenger bank space in Europe is showing huge potential for 2022 as investor and customer interest continues to grow. Get the Full Story Complete the form...
About 1.4 million identity theft incidents were logged by the Federal Trade Commission in 2020, a figure that’s more than double the thefts from the year before. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Alabama’s Regions Bank says it is adding a new technology solutions platform and team to its Regions Equipment Finance Corporation (REFCO) subsidiary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Digital wealth management platform Unifimoney on Wednesday (Jan. 5) made its debut in the Q2 Innovation Studio by making its trading platform pre-enabled to more than 450 financial institutions (FIs) on the Q2 digital banking platform. Get the Full Story Complete the form to unlock...
LendingClub won’t be going forward with several business operations in 2022, including its yacht loan business, according to CEO Scott Sanborn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Payment products innovations company Rêv has debuted its X World Wallet, an app-based multi-currency debit account, nationwide in the United States, according to a Tuesday (Jan. 4) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Despite bringing in an estimated $15.47 billion in 2019, more banks in the U.S. are ditching or modifying overdraft fees in a move to better compete with zero-fee FinTechs, placate politicians and make customers happy, according to the most recent data from the Consumer Financial...
