Banking

Banking
UK Tests Shared BankHubs in Communities With No Branches
January 03, 2022

A pilot program between U.K. bank Cambuslang and the U.K. state-owned Post Office could help give more access to in-person banking for those in need, according to a Sunday (Jan. 2) report from Financial Times (FT). Get the Full Story Complete the form to unlock...

Banking
US Dreams Dashed But UK and EU Neobanks Brim With Potential in 2022
January 03, 2022

Despite legal and pandemic-related business challenges, the challenger bank space in the United Kingdom and European Union is brimming with potential, buoyed by growing investor interest and increasing customer sign-ups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
The Open Banking Opportunity at the Intersection of Data and Payments
January 03, 2022

Open banking may be seen as a buzzword in the banking and payment industries. 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...

Banking
State Bank of Pakistan Opens Doors to Digital Banking
January 03, 2022

The State Bank of Pakistan (SBP) is taking its first steps toward bringing a fully digital bank to the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Anda Launches, Driving Hispanic Financial Inclusion
January 03, 2022

Digital bank account Anda, launched by Assembled Financial, is striving to help the Hispanic population boost wealth with a cryptocurrency-centered rewards program, LA Business Journal reported on Monday (Jan. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
China’s Tencent Takes Stake in UK Challenger Bank Monzo
January 02, 2022

Tencent, the Chinese-based tech group, has a new stake in Monzo, which shows a big recovery in Monzo’s fortunes as it’s now valued at $4.5 billion, Financial Times writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
FinTech Challenger Bank Chime’s Claims of No Fees Hold up Under Scrutiny
December 29, 2021

FinTech challenger bank Chime can continue using terms like “no overdraft fees” and “no hidden fees” after the National Advertising Division (NAD) of BBB National Programs determined that the advertising for its “SpotMe” program disclosed the necessary information. Get the Full Story Complete the form...

Banking
First Northern Joins Alloy Labs to Launch Open Payments Network CHUCK
December 28, 2021

California’s First Northern Bank is joining the community and midsize banking consortium Alloy Labs Alliance to help the association advance its mission to drive technical creativity and vision for local banking, according to a Monday (Dec. 27) press release. Get the Full Story Complete the...

Banking
Airtel Payments Bank Crests 1B in Transaction Volume
December 26, 2021

Airtel Payments Bank now has over one billion transactions on its platform during September quarter 2021-2022, sources say. 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...